END OF YEAR STATEMENT Sample Clauses

END OF YEAR STATEMENT. The Contractor shall prepare an End-of-Year Statement. The Statement will contain aggregated information for the Calendar Year in the same format as required in the Value of Production and Pricing Statement, Cost Recovery Statement and Statement of Expenditures and Receipts as provided in Annex C but will be based on actual quantities of Petroleum produced and expenses incurred. The End-of-Year Statement for each Calendar Year shall be submitted to the Minister within ninety (90) days of the end of such Calendar Year.
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END OF YEAR STATEMENT. The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregated information in the same format as required in the Production Statement, Value of Production and Pricing Statement, Statement of Costs, Expenditures and Receipts, Cost Recovery Statement and Profit Sharing Statement, but shall be based on actual quantities of Petroleum produced, income received and costs and expenditures incurred. Based upon this Statement, any adjustments that are necessary shall be made to the transactions concerned under the Contract. [Explanation : End of year Statement shall further contain the item wise justification for the variation between the actual costs and expenditure incurred and included in the statement of costs, expenditure and receipts vis-à-vis the Budgets for corresponding line items.]
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END OF YEAR STATEMENT. 15.1 The Company shall prepare a definitive end-of-year statement. The statement shall contain aggregated information for the Calendar Year in the same format as required in the production statement, the value of production and pricing statement, and the expenditure and receipts statement, but will be based on actual quantities of Petroleum produced, income received and expenditure incurred. 15.2 The end-of-year statement for each Calendar Year shall, except in the case of the production statement, be submitted to the Minister within 60 days of the end of such Calendar Year. The end-of-year production statement shall be submitted within 14 days of the end of each Year.
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END OF YEAR STATEMENT. The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregatedinformation in the same format as required in the Production Statement, Value of Production and PricingStatement, Statement of income, but shall be based on actual quantities of Petroleum produced and income accrued. Based upon this Statement, any adjustments that are necessary shall be made to thetransactions concerned under the Contract.
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END OF YEAR STATEMENT. 10.1 The Company shall prepare a definitive End-of-Year Statement. 10.2 The End-of-Year Statement shall contain aggregated information for the Calendar Year in the same format as required in the Production Statement, Value of Production Statement, Royalty Statement and Statement of Expenditures and Receipts, but shall be based on the actual quantities of Petroleum produced, income received and the costs and expenditures incurred. 10.3 The End-of-Year Statement for each Calendar Year shall be submitted to the Minister within sixty (60) days of the end of such Calendar Year.
Sample 1
END OF YEAR STATEMENT. 7.1.1 The Contractor shall prepare a definitive End of Year Statement. The Statement shall contain aggregatedinformation in the same format as required in the Production Statement, Value of Production and PricingStatement, Statement of income, but shall be based on actual quantities of Petroleum produced and income accrued. Based upon this Statement, any adjustments that are necessary shall be made to thetransactions concerned under the Contract. 7.1.2 End of Year Statement shall further contain the item wise justification for the variation between the actual income earned and included in the Statement of Income vis-a-vis the income estimates. 7.1.3 The Contractor shall prepare and submit memorandum joint venture accounts which may be adapted from Schedule III of the Companies Act, 2013 to indicate the value of Petroleum Produced and Saved, RevenueShare, etc.
Sample 1
END OF YEAR STATEMENT. 8.1 The Contractor shall prepare a definitive End of Year Statement. The statement shall contain aggregated information in the same format as required in the Production Statement, Value of Production and Pricing Statement, Statement of Costs, Expenditures and Receipts and Royalty and Production Level Payments Statements but shall be based on actual quantities of CBM produced, income received and costs and expenditures incurred. Based upon this Statement, any adjustments that are necessary shall be made to the transactions concerned under the Contract. 8.2 The End of Year Statement for each Year shall be submitted to Government within sixty (60) days of the end of such Year.
Sample 1
END OF YEAR STATEMENT. 6.5.1 The Licensee shall prepare a definitive end of year statement. The statement shall contain aggregated information in the same format as required in the production statement, value of production and pricing statement, statement of costs, expenditures and income, Cost Recovery statement and profit sharing statement, but shall be based on actual quantities of Petroleum produced, income accrued and costs and expenditures incurred. Based upon this statement, any adjustments that are necessary shall be made to the transactions concerned under the Agreement. 6.5.2 End of year statement shall further contain the item-wise justification for the variation between the actual costs, expenditure and income incurred and included in the statement of costs, expenditure and income vis-à-vis the budgets for corresponding line items. 6.5.3 The Licensee shall prepare and submit joint venture accounts to indicate the recoverable costs, value of Petroleum Produced and Saved, Cost Petroleum, Profit Petroleum, etc. 6.5.4 The end of year statement for each Calendar Year shall be duly audited under Article 30 and submitted to Government within ninety (90) days of the end of such Calendar Year.
Sample 1
END OF YEAR STATEMENT. 9.1 The Contractor shall prepare an End-of-Year Statement. The Statement will contain aggregated information for the Year in the same format as required in the Value of Production and Pricing Statement, Cost Recovery Statement and Statement of Expenditures and Receipts but will be based on actual quantities of Petroleum produced and expenses incurred. The End-of-Year Statement for each Calendar Year shall be submitted to the Minister within one hundred and twenty (120) days of the end of such Calendar Year. (a) Crude Oil (i) In the event the domestic supply obligations under Article 17 are effected by the Government as to Crude Oil, not later than one hundred and twenty (120) days after the end of each Calendar Year, the Minister, acting on behalf of the Government, shall make available to Contractor an annual summary (the “Domestic Supply Report”) describing (a) the Government's total entitlement from all Crude Oil production in Guyana during the prior Calendar Year, (b) the quantity of Crude Oil actually provided to the Government by Contractor and all third parties which produce Crude Oil in Guyana during the prior Calendar Year, and (c) a description of the quantities and use of all Crude Oil provided to the Government by Contractor and all third parties which produce Crude Oil in Guyana, including without limitation, domestic power supply from power plant facilities, refined products for domestic consumption from refineries, etc., and any quantities of Crude Oil, refined products, petrochemicals or fuel for power generation that are exported from Guyana. (b) Natural Gas (i) In the event the domestic supply obligations under Article 17 have been effected by the Government as to Natural Gas, not later than one hundred and twenty (120) days after the end of each Calendar Year, the Minister, acting on behalf of the Government, shall make available to Contractor an annual summary (the “Domestic Supply Report”) describing (a) the Government's total entitlement from all Natural Gas production in Guyana during the prior Calendar Year, (b) the quantity of Natural Gas actually provided to the Government by Contractor and all third parties which produce Natural Gas in Guyana during the prior Calendar Year, and (c) a description of the quantities and use of all Natural Gas provided to the Government by Contractor and all third parties which produce Natural Gas in Guyana, including without limitation, domestic residential, commercial and industrial consumption, fu...
Sample 1

Related to END OF YEAR STATEMENT

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  • Year-End Statements As soon as available and in any event within 5 days after the same is required to be filed with the Securities and Exchange Commission (but in no event later than 120 days after the end of each fiscal year of the Parent), the audited consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal year and the related audited consolidated statements of income, shareholders’ equity and cash flows of the Parent and its Subsidiaries for such fiscal year, setting forth in comparative form the figures as at the end of and for the previous fiscal year, all of which shall be (a) certified by the chief financial officer or chief accounting officer of the Parent, in his or her opinion, to present fairly, in accordance with GAAP and in all material respects, the consolidated financial position of the Parent, the Borrower and its other Subsidiaries as at the date thereof and the results of operations for such period and (b) accompanied by the report thereon of an Approved Accounting Firm, whose certificate shall be unqualified and in scope and substance reasonably satisfactory to the Administrative Agent and who shall have authorized the Borrower to deliver such financial statements and certification thereof to the Administrative Agent and the Lenders pursuant to this Agreement; provided, however, the Parent shall not be required to deliver an item required under this Section if such item is contained in a Form 10-K filed by the Parent with the Securities and Exchange Commission (or any Governmental Authority substituted therefore) and is publicly available to the Administrative Agent and the Lenders.

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Annual Statement The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

  • Billing Statement The billing statement shall show the work authorization number for each work authorization included in the billing, the total amount earned to the date of submission, and the amount due and payable as of the date of the current billing statement for each work authorization. The billing statement shall indicate if the work has been completed or if the billing is for partial completion of the work. The fixed fee will be paid in proportion to the percentage of work completed per work authorizations.

  • Monthly Billing Statements The Engineer shall request reimbursement of costs incurred by submitting the original and one copy of an itemized billing statement in a form acceptable to the State. The Engineer is authorized to submit requests for reimbursement no more frequently than monthly and no later than ninety (90) days after costs are incurred.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Annual Compliance Statements The Master Servicer, the Special Servicer, the Certificate Administrator, the Custodian and, if it has made an Advance during the applicable calendar year, the Trustee shall furnish (and each of the Master Servicer, the Special Servicer, the Custodian and the Certificate Administrator (i) with respect to any Additional Servicer of such party that is a Mortgage Loan Seller Sub-Servicer, shall use commercially reasonable efforts to cause such Additional Servicer to furnish, and (ii) with respect to any other Additional Servicer of such party (other than any party to this Agreement), shall cause such Additional Servicer to furnish) (each such Additional Servicer and each of the Master Servicer, the Special Servicer, the Custodian, the Certificate Administrator and the Trustee (if applicable), a “Certifying Servicer”) to the Certificate Administrator, the Serviced Companion Loan Holders (or, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party), the Operating Advisor (only in the case of an Officer’s Certificate furnished by the Special Servicer and after the occurrence and during the continuance of a Control Termination Event) and the Depositor on or before March 1 of each year, commencing in March 2017, an Officer’s Certificate (together with a copy thereof in XXXXX compatible format, or in such other format as otherwise agreed upon by the Depositor, the Certificate Administrator, the applicable Other Depositor, the applicable Other Exchange Act Reporting Party and the applicable Certifying Servicer) stating, as to the signer thereof, that (A) a review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying Servicer’s performance under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable Sub-Servicing Agreement or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. The Master Servicer and the Special Servicer shall, and the Master Servicer and the Special Servicer shall cause (or, in the case of an Additional Servicer that is a Mortgage Loan Seller Sub-Servicer, shall use its commercially reasonable efforts to cause) each Additional Servicer hired by it to, forward a copy of each such statement to, prior to the occurrence and continuance of a Consultation Termination Event, the Controlling Class Representative and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13, the Rule 17g-5 Information Provider. Promptly after receipt of each such Officer’s Certificate, the Depositor (and, in the case of a Serviced Companion Loan that is part of an Other Securitization Trust, the applicable Other Depositor and Other Exchange Act Reporting Party) may review each such Officer’s Certificate and, if applicable, consult with the Certifying Servicer, as applicable, as to the nature of any failures by such Certifying Servicer, respectively, or any related Additional Servicer with which the Master Servicer or the Special Servicer, as applicable, has entered into a servicing relationship with respect to the Mortgage Loans or the Companion Loans in the fulfillment of any Certifying Servicer’s obligations hereunder or under the applicable sub-servicing or primary servicing agreement. The obligations of each Certifying Servicer under this Section apply to each Certifying Servicer that serviced a Mortgage Loan or Companion Loan during the applicable period, whether or not the Certifying Servicer is acting in such capacity at the time such Officer’s Certificate is required to be delivered. With respect to each Outside Serviced Mortgage Loan serviced under the applicable Outside Servicing Agreement, the Certificate Administrator shall request, and upon receipt deliver to the Depositor, from a “Servicing Officer” or “Responsible Officer” (as such terms are defined in the applicable Outside Servicing Agreement), as applicable, of the related Outside Servicer, Outside Special Servicer, Outside Custodian, Outside Trustee and Outside Paying Agent or Outside Certificate Administrator an Officer’s Certificate in form and substance similar to the Officer’s Certificate described in this Section or such other form as is set forth in the Outside Servicing Agreement.

  • Statement of Grievance The grievance shall contain a statement of: (a) The specific situation, act or acts complained of as an agreement violation; (b) The inequity or damage suffered by the employee; and (c) The relief sought.

  • Estimated Closing Statement (i) No later than three (3) Business Days prior to the Closing Date, the Company shall deliver to Acquiror (A) a statement (the “Estimated Closing Statement”) setting forth the Company’s good faith estimates of (1) the Estimated Net Working Capital (as well as the resulting Estimated Net Working Capital Surplus (if any) or Estimated Net Working Capital Shortfall (if any)), (2) the Estimated Transaction Expenses, (3) the Estimated Closing Cash and (4) the Estimated Closing Debt, and (B) a schedule which shall include (1) the Estimated Total Stock Purchase Consideration, (2) wire instructions for the payments to be made to NewCo at the Closing pursuant to Section 2.3(b), (3) each Seller’s Pro Rata Percentage and the portion of the Estimated Total Stock Purchase Consideration attributable to each Seller; and (4) wire instructions for the payments of Debt, and the Estimated Transaction Expenses, including, for the avoidance of doubt, the Transaction Bonuses, to be made to the applicable payees thereof pursuant to Section 2.3(b) (such schedule delivered pursuant to this clause (B), the “Payment Schedule”). The Estimated Closing Statement shall be prepared by the Company in accordance with the Agreed Principles. (ii) The Company shall consider in good faith any reasonable comments or objections to any amounts set forth on the Estimated Closing Statement notified to it by Acquiror prior to the Closing and if, prior to the Closing, the Company and Acquiror agree to make any modification to the Estimated Closing Statement, then the Estimated Closing Statement as so modified shall be deemed to be the Estimated Closing Statement; provided, that the failure of the Company and Acquiror to reach such mutual agreement will not give any party the right to terminate this Agreement or otherwise delay or fail to close the Stock Purchase or the other transactions contemplated hereunder. (iii) Acquiror shall be entitled to rely on the accuracy of the Estimated Closing Statement and the Payment Schedule in all respects in making any payments pursuant to this Agreement, and all obligations to make such payments shall be deemed fulfilled to the extent such payments are made in accordance with this Agreement, the Payment Schedule, and the Estimated Closing Statement, including the Earn-Out Payment. None of Acquiror or any of its Affiliates (including, after the Closing, the Company) or the Seller Representative shall have any liability or obligation to any Person, including the Sellers and the Seller Guarantors, for any Damages arising from or relating to any errors, omissions or inaccuracies in the calculations of the portion of any amounts payable to any Seller or any other Person or any other errors, omissions or inaccuracy in the information set forth on the Estimated Closing Statement or the Payment Schedule.