Decree Accounting Sample Clauses

Decree Accounting a. The Secretary acknowledges the ongoing importance to the QSA of the Secretary's recently adopted Inadvertent Overrun and Payback Program, adopted , which is consistent in all material respects with that contemplated by the QSA and set forth in Exhibit B thereto. The Secretary also acknowledges that the application of such Program during the Quantification Period has been determined by each of IID, CVWD and MWD to be essential to their willingness to enter into the QSA's related agreements and this Agreement. Accordingly, so long as there is full and timely implementation of the water budget components of the QSA, the Secretary will not materially modify the Inadvertent Overrun and Payback Program for a 30 year period (during which the implementation of the California plan to reduce its use to 4.4 million acre-feet per year is anticipated), absent extraordinary circumstances such as significant Colorado River infrastructure failures, and subject to the provisions of Section 9 of this Agreement. In the event that extraordinary circumstances arise, the Secretary will consult with the Districts and other interested parties before initiating any material change. If at any time implementation of the water budget components falls short of the requirements of the QSA, the Secretary may, after consultation with the Districts and other interested parties, change or alter the Inadvertent Overrun and Payback Program, including but not limited to putting into effect an immediate payback policy for inadvertent overruns. b. The Secretary also acknowledges the ongoing importance to the QSA, and to the willingness of each of IID, CVWD and MWD to enter into the QSA's related agreements and this Agreement, of the recently adopted Interim Surplus Guidelines and the accompanying Record of Decision.
Sample 1
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Related to Decree Accounting

  • No Accounting Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which would justify his or her removal for cause, no person ceasing to be a Trustee for reasons including, but not limited to, death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C-1. The method and requirements for reporting and remitting premiums are specified in Exhibit F.

  • Disclosure Accounting So that Company may meet its disclosure accounting obligations under 45 C.F.R. § 164.528:

  • Final Accounting Upon the dissolution of the Company, a proper accounting shall be made from the date of the last previous accounting to the date of dissolution.

  • EFFECT ON FUND ACCOUNTING AGREEMENT In the event of any inconsistency between the terms of this Amendment and the Fund Accounting Agreement, the terms of this Amendment shall be controlling. Except as specifically and only to the extent modified by this Amendment, all of the terms and provisions of the Fund Accounting Agreement shall continue to remain in full force and effect.

  • Company’s Accounting System The Company maintains a system of accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

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