Financial Model Audits Sample Clauses

Financial Model Audits. 4.7.5.1 Any model audit report delivered to LAWA pursuant to Sections 3.3 (Post-Financial Close Requirements and Deliverables) and 4.7 (Financial Model and Financial Model Updates) shall be prepared by an independent audit firm with a nationally recognized reputation. The cost of a model audit report shall be paid solely by LAWA if it is prepared in connection with a Financial Model Update related to a Relevant Event described in Section 4.7.1.1(c) or 4.7.1.1(f) when an amendment is proposed only by XXXX. The cost of any other model audit report required hereunder shall be paid solely by Xxxxxxxxx.
Sample 1
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Financial Model Audits. 4.8.1 Within two Business Days after the Financial Close Date, Developer shall deliver to Authority an update of the Model Audit Report obtained from the Model Auditor that provided Authority an opinion on the suitability of the Preliminary Financial Model. The updated Model Audit Report shall be in the same form as that delivered for the Proposal and shall be co-addressed to Authority and GDOT. The updated Model Audit Report shall take into account the final terms and conditions of the Developer Financing Agreements and Security Documents.
Sample 1

Related to Financial Model Audits

  • Financial Model 37.1 Unless otherwise agreed between the parties, any amendments to the Financial Model shall reflect, be consistent with and be made only in accordance with the provisions of this Agreement, and shall in all cases be subject to the prior written approval of the Authority (such approval not to be unreasonably withheld or delayed). In the event that the parties fail to agree any proposed amendments to the Financial Model, the matter shall be referred for resolution in accordance with Schedule Part 20 (Dispute Resolution Procedure).

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions.

  • Financial Audit The School shall submit audited financial statements from an independent auditor to the Authorizer no later than November 1 of each year.

  • Financial Management, Financial Reports and Audits 1. The Recipient shall maintain or cause to be maintained a financial management system in accordance with the provisions of Section 4.09 of the General Conditions.

  • Financial Statement Audit If, during its fiscal year, Grantee expends less than $750,000 in Federal Awards, Grantee is subject to the following audit requirements:

  • Financial Monitoring City staff shall monitor, review, and evaluate the financial procedures of the Subrecipient through documents submitted to the City and on-site monitoring. The Subrecipient shall provide and make available to the City such reports and records that will be necessary for a proper financial evaluation. With reasonable notice being given to the Subrecipient, the City may schedule at least one on-site visit and other visits that may be needed during the course of this Agreement.

  • FINANCIAL EVALUATION (a) The financial bid shall be opened of only those bidders who have been found to be technically eligible. The financial bids shall be opened in presence of representatives of technically eligible bidders, who may like to be present. The institute shall inform the date, place and time for opening of financial bid.

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