Common use of Finance Clause in Contracts

Finance. 13.1 The financial year-end of the ASSOCIATION is the end of February of each year. 13.2 The Trustees shall cause proper books of account and records to be kept so as fairly to record the transactions and financial position of the ASSOCIATION, including: 13.2.1 a record of the assets and liabilities of the ASSOCIATION; 13.2.2 a record off all sums of money received and expended by the ASSOCIATION and the matters in respect of which such receipt and expenditure occur; 13.2.3 a register of Members showing in each case their addresses; 13.2.4 the amounts and dates of monies due and the amounts and dates of monies paid. 13.3 The Trustees shall cause all books of account and records to be retained for a period of 6 (six) years after completion of the transactions, acts or operations to which they relate. 13.4 The Member’s accounts and books shall be open for his inspection at all reasonable times during office hours. 13.5 The Trustees may from time to time make reasonable conditions and/or regulations as to the time and manner of the inspection by the Members of the accounts and books of the ASSOCIATION, or any of them, and, subject to such conditions and regulations, the accounts and books of the ASSOCIATION shall be open to the inspection of Members. 13.6 At each General Meeting the Trustees shall present audited financial statements for the preceding financial year of the ASSOCIATION. Such financial statements shall have been drawn up in accordance with generally accepted accounting practice and shall be accompanied by such additional reports as may be necessary at the discretion of the Trustees and/or as recommended by the auditors, and shall be attached to the notice sent to Members convening each General Meeting as set forth in clause 12.1.1.3

Finance. 13.1 The financial year-end of the ASSOCIATION is the end of February of each year. 13.2 The Trustees shall cause proper books of account and records to be kept so as fairly to record the transactions and financial position of the ASSOCIATION, including: 13.2.1 a record of the assets and liabilities of the ASSOCIATION; 13.2.2 a record off all sums of money received and expended by the ASSOCIATION and the matters in respect of which such receipt and expenditure occur; 13.2.3 a register of Members showing in each case their addresses; 13.2.4 the amounts and dates of monies due and the amounts and dates of monies paid. 13.3 The Trustees shall cause all books of account and records to be retained for a period of 6 (six) years after completion of the transactions, acts or operations to which they relate. 13.4 The Member’s accounts and books shall be open for his inspection at all reasonable times during office hours. 13.5 The Trustees may from time to time make reasonable conditions and/or regulations as to the time and manner of the inspection by the Members of the accounts and books of the ASSOCIATION, or any of them, and, subject to such conditions and regulations, the accounts and books of the ASSOCIATION shall be open to the inspection of Members. 13.6 At each General Meeting the Trustees shall present audited financial statements for the preceding financial year of the ASSOCIATION. Such financial statements shall have been drawn up in accordance with generally accepted accounting practice and shall be accompanied by such additional reports as may be necessary at the discretion of the Trustees and/or as recommended by the auditors, and shall be attached to the notice sent to Members convening each General Meeting as set forth in clause 12.1.1.3such

Finance. 13.1 14.1 The financial year-end of the ASSOCIATION is the end of February of each year. 13.2 14.2 The Trustees shall cause proper books of account and records to be kept so as fairly to record the transactions and financial position of the ASSOCIATION, including: 13.2.1 14.2.1 a record of the assets and liabilities of the ASSOCIATION; 13.2.2 14.2.2 a record off all sums of money received and expended by the ASSOCIATION and the matters in respect of which such receipt and expenditure occur; 13.2.3 14.2.3 a register of Members showing in each case their addresses; 13.2.4 14.2.4 the amounts and dates of monies due and the amounts and dates of monies paid. 13.3 14.3 The Trustees shall cause all books of account and records to be retained for a period of 6 (six) years after completion of the transactions, acts or operations to which they relate. 13.4 14.4 The Member’s accounts and books shall be open for his inspection at all reasonable times during office hours. 13.5 14.5 The Trustees may from time to time make reasonable conditions and/or regulations as to the time and manner of the inspection by the Members of the accounts and books of the ASSOCIATION, or any of them, and, subject to such conditions and regulations, the accounts and books of the ASSOCIATION shall be open to the inspection of Members. 13.6 14.6 At each General Meeting the Trustees shall present audited financial statements for the preceding financial year of the ASSOCIATION. Such financial statements shall have been drawn up in accordance with generally accepted accounting practice and shall be accompanied by such additional reports as may be necessary at the discretion of the Trustees and/or as recommended by the auditors, and shall be attached to the notice sent to Members convening each General Meeting as set forth in clause 12.1.1.3