Daily Reconciliation Sample Clauses

Daily Reconciliation. Members on fax or email will automatically receive either a faxed or emailed Daily Reconciliation Report from HQ. This is an optional, though highly recommended service and you can withdraw from this service at any time. This Report will display all the orders we have received from you (for the previous 24 hours), and all the orders that you have sent through to us (for the previous 24 hours). You can receive this report daily via fax. There is a small charge per month for this service which is added to your monthly statement (see Quick Reference Card for amount), or you can receive the report via e- mail free of charge! You can opt out of this service (not preferred – see below) but any order transmitted successfully from HQ will be deemed as received by the member. The daily reconciliation also shows any temporary shop closures for your business, for example if you are closing for annual holidays etc and you have advised HQ the dates of closure and reopening will appear on your daily reconciliation. If you believe you have advised HQ of any closure dates and they do not appear on the reconciliation please contact HQ immediately. What if you don’t opt for the Daily Reconciliation Report? HQ does not accept any responsibility for non-receipt of faxes (either non- receipt at HQ or non- receipt at your end when fax was sent without error from HQ). If you have not received an order that HQ has sent you, you will be responsible for recompensing your customer as per their wishes. This may mean sending the order out to the recipient, as well as reimbursing your customer.
Sample 1
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Daily Reconciliation. The Investment Manager shall perform a daily reconciliation of the Fund’s book value, income earned, and transaction activity as reported by the Master Custodian to the records of the Investment Manager. Differences shall be communicated to the Master Custodian in a timely manner. Resolution of differences is the responsibility of the Investment Manager and the Master Custodian. The Investment Manager is responsible for notifying FPIF of unresolved discrepancies between the Investment Manager’s records and those of the Master Custodian for as long as they persist. The records of the Master Custodian shall be the authoritative source for all purposes of this Agreement.
Sample 1

Related to Daily Reconciliation

  • Reconciliation In the event that the Corporate Taxpayer and a Member are unable to resolve a disagreement with respect to the matters governed by Sections 2.03, 3.01(b), 4.02 and 6.02 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and such Member agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or such Member or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer, except as provided in the next sentence. The Corporate Taxpayer and such Member shall bear their own costs and expenses of such proceeding, unless (i) the Expert substantially adopts such Member’s position, in which case the Corporate Taxpayer shall reimburse such Member for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert substantially adopts the Corporate Taxpayer’s position, in which case such Member shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.09 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be binding on the Corporate Taxpayer and such Member and may be entered and enforced in any court having jurisdiction.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

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