Financial Accounting and Billing Practices Sample Clauses

Financial Accounting and Billing Practices. 4 SECTION 3.01 ACCOUNTING 4 SECTION 3.02 COMPENSATION 4 SECTION 3.03 BILLING PRACTICES 4 SECTION 3.04 RECORDS AND AUDIT RIGHTS 4 SECTION 3.05 NOTIFICATION OF SECONDMENT 5 ARTICLE IV SAFETY AND COMPLIANCE WITH LAWS 5 ARTICLE V RELATIONSHIP OF THE PARTIES 5 ARTICLE VI LIABILITY STANDARD AND INDEMNIFICATION 5 SECTION 6.01 LIMITATION OF LIABILITY; INDEMNIFICATION 5 SECTION 6.02 SURVIVAL 6 ARTICLE VII INSURANCE 6 SECTION 7.01 INSURANCE 6 SECTION 7.02 COST REIMBURSEMENT 6 SECTION 7.03 REQUIRED CONTRACTOR COVERAGE 6 ARTICLE VIII TERM AND TERMINATION 7 SECTION 8.01 TERM 7 SECTION 8.02 TERMINATION BY THE PARTNERSHIP GROUP 7 SECTION 8.03 TERMINATION BY THE HOLLYFRONTIER PARTIES 7 SECTION 8.04 RIGHT OF TERMINATION BY EITHER PARTY 7 SECTION 8.05 EFFECT OF TERMINATION 7 ARTICLE IX NOTICES 7 ARTICLE X APPLICABLE LAW 8 ARTICLE XI DISPUTES BETWEEN THE PARTIES 8 SECTION 11.01 DISPUTE RESOLUTION 8 SECTION 11.02 PERFORMANCE DURING DISPUTES 8 ARTICLE XII GENERAL PROVISIONS 8 SECTION 12.01 ASSIGNABILITY 8 SECTION 12.02 FURTHER ASSURANCES 8 SECTION 12.03 COMPLIANCE WITH LAWS 8 SECTION 12.04 SEVERABILITY 8 SECTION 12.05 WAIVER 9 SECTION 12.06 ENTIRE AGREEMENT 9 SECTION 12.07 AMENDMENT 9 SECTION 12.08 COUNTERPARTS 9 SECTION 12.09 CONSTRUCTION 9 SECTION 12.10 HEADINGS 9 SECTION 12.11 EXHIBITS 9 SECTION 12.12 BINDING EFFECT 9 SECTION 12.13 COOPERATION 9 SECTION 12.14 NO THIRD PARTY BENEFICIARIES 9 EXHIBITS Exhibit A – Defined Terms Exhibit B – Interpretation Exhibit C – Services Exhibit D – Accounting Procedures Exhibit E-1 – Seconded Employee Positions – El Dorado Exhibit E-2 – Seconded Employee Positions – Cheyenne Exhibit E-3 – Seconded Employee Positions – Tulsa Exhibit E-4 – Seconded Employee Positions – Xxxxx Cross THIRD AMENDED AND RESTATED SERVICES AND SECONDMENT AGREEMENT This THIRD AMENDED AND RESTATED SERVICES AND SECONDMENT AGREEMENT (this “Agreement”) is made and entered into on October 3, 2016 and effective as of October 1, 2016, by and among XXXXX LOGISTIC SERVICES, L.L.C., a Delaware limited liability company (“Xxxxx GP”), XXXXX ENERGY PARTNERS – OPERATING, L.P., a Delaware limited partnership (“Partnership”), CHEYENNE LOGISTICS LLC, a Delaware limited liability company (“Cheyenne Logistics”), EL DORADO LOGISTICS LLC, a Delaware limited liability company (“El Dorado Logistics”), EL DORADO OPERATING LLC, a Delaware limited liability company (“El Dorado Operating”), HEP TULSA LLC, a Delaware limited liability company (“HEP Tulsa”), XXXXX CROSS OPERATING LLC, a Delawar...
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Financial Accounting and Billing Practices. Section 4.01 Accounting and Compensation Section 4.02 Statements of Costs Section 4.03 Records of Costs Section 4.04 Inspection of Facilities Section 4.05 Audit Section 4.06 Rate Reviews
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Financial Accounting and Billing Practices 
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Related to Financial Accounting and Billing Practices

  • Tax Accounting Practices (a) Except as provided in Section 3.03(b), any Tax Return for any Pre-Distribution Tax Period, to the extent it relates to members of the Dealer Group, shall be prepared in accordance with practices, accounting methods, elections, conventions and Tax positions used with respect to the Tax Return in question for periods prior to the Distribution (“Past Practices”), and, in the case of any item the treatment of which is not addressed by Past Practices, in accordance with generally acceptable Tax accounting practices. Notwithstanding the foregoing, for any Tax Return described in the preceding sentence, (i) a Party will not be required to follow Past Practices with either the written consent of the other Party (not to be unreasonably withheld) or a “should” level opinion from a Tax Advisor that the proposed method of reporting is correct and (ii) ADP shall have the right to determine which entities will be included in any consolidated, combined, affiliated or unitary Return that it is responsible for filing.

  • Accounting Practices All matters concerning this FuturesAccess Fund’s accounting practices shall be determined by the Sponsor on a fair and equitable basis, and all such determinations shall be final and conclusive as to all Investors. However, the Sponsor shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors and third parties on an interim basis, the Sponsor shall be entitled to accrue fees and payments due at the end of a period as if such fees or payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.

  • Accounting Practice Except as otherwise provided herein, all Mortgage Loan account records must be maintained according to (a) the Uniform Single Attestation Program for Mortgage Bankers and (b) where applicable, sound and generally accepted accounting practices.

  • Accounting and Records The books and records of the Company shall be made and maintained, and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Managing Member. The books and records of the Company shall reflect all Company transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business.

  • Accounting and Recording (1) The Warrant Agent shall promptly account to the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (or into an account or accounts of the Corporation with the bank or trust company designated by the Corporation for that purpose), all monies received by the Warrant Agent on the subscription of Warrant Shares through the exercise of Warrants. All such monies and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust for, and shall be segregated and kept apart by the Warrant Agent, the Warrantholders and the Corporation as their interests may appear

  • Tax Reporting Practices Except as provided in the following Section 3.6, with respect to any Tax Return for any taxable period that begins on or before the second anniversary of the Distribution Date with respect to which Versum is the Preparing Party, such Tax Return shall be prepared in a manner (i) consistent with past practices, accounting methods, elections and conventions (“Past Practices”) used by Air Products in preparing similar Tax Returns (unless there is no Reasonable Basis for the use of such Past Practices), and to the extent any items are not covered by Past Practices (or in the event that there is no Reasonable Basis for the use of such Past Practices), in accordance with reasonable Tax accounting practices selected by Versum; and (ii) that, to the extent consistent with the foregoing clause (i), minimizes the overall amount of Taxes due and payable on such Tax Return for all of the Parties by cooperating in making such elections or applications for group or other relief or allowances available in the taxing jurisdiction in which such Tax Return is filed. Versum shall not take any action inconsistent with the assumptions (including items of income, gain, deduction, loss and credit) made in determining all estimated or advance payments of Taxes on or prior to the Distribution Date. In addition, Versum shall not be permitted, and shall not permit any member of the Versum Group, to make a change in any of its methods of accounting for tax purposes until all applicable statutes of limitations for all Pre-Distribution Periods and Straddle Periods have expired.

  • 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;

  • Accounting and Reporting I. The Agent shall establish separate accounts for the trust assets, the assets obtained as a result of managing and utilizing the trust assets, its own assets, and other trust assets.

  • Accounting and Fiscal Year Subject to Section 448 of the Code, the books of the Company shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the Management Committee. The Fiscal Year of the Company shall be the calendar year.

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