Financial Statements and Audit a. Each of the Concessionaire and the Operating Company shall deliver to the Government within 90 days after the end of each of its respective Financial Years, or within such shorter period as may then be required by applicable Law:
Financial Statements and Audit. (a) The Company shall prepare as soon as reasonably practical after the date of this Agreement:
Financial Statements and Audit. DRC agrees to provide City with quarterly financial statements, which shall show, at minimum, an itemization of all Project expenses and the current balance in DRC’s escrow account, discussed in Section 6. City shall have the right to inspect all of DRC’s financial records relating to the Project, and shall have the option of ordering an audit by the auditor of the City’s choosing.
Financial Statements and Audit a. The Company shall deliver to the Government within 90 days after the end of each Financial Year of the Company:
Financial Statements and Audit. (a) The officers shall cause to be delivered to each Member, as soon as available, but in any event:
Financial Statements and Audit. City shall have the right to inspect all of NeighborWorks’ financial records relating to the Project, and shall have the option of ordering an audit by the auditor of the City’s choosing.
Financial Statements and Audit. You will send us copies of the Hotel Data and financial statements certified by you as true and accurate (including a profit and loss statement, balance sheet, cash flow statement, or such other financial data or reports as we may request, in a form satisfactory to us, or which meets the Uniform System of Accounts for the Lodging Industry (“USALI”)) for the Hotel for the prior fiscal year (or other time period), and you will have the Gross Room Revenues or other monies due hereunder computed and certified as accurate. During the Term and for 3 years afterward, we and our authorized representatives will have the right to verify information required under this Agreement by requesting, receiving, inspecting, copying and auditing, the Hotel Data and any and all records or documents related to the Hotel Data wherever they may be located. If any inspection or audit discloses a deficiency in any payments due hereunder, you must pay us all deficiencies plus interest at the rate indicated in Section 4(f), below. If the deficiency in any payment is willful or exceeds 5% of the correct amount, you will also immediately pay to us the entire cost of the inspection and audit, including travel, lodging, meals, salaries, professional fees and other expenses of the inspecting or auditing personnel.
Financial Statements and Audit. The Board of Directors shall instruct the Accountant to audit the Company’s books and records annually and prepare audited financial statements for the Company within ninety (90) days after then end of each Fiscal Year, copies of which shall be promptly provided to each Member.
Financial Statements and Audit. The Company shall maintain a system of accounting, established and administered in accordance with sound business practices, to permit preparation of financial statements in conformity with international generally accepted accounting principles, and the Service Provider shall assist the Company in maintaining such systems and preparing such statements. The Company will deliver to the Service Provider the financial statements and other reports of the Company within thirty (30) days after the end of each calendar quarter in order for the Service Provider to verify the amounts payable by the Company for the operation of the Company Business and the amounts of the Service Fees. The Company shall permit the Service Provider and/or its designated agent or agents, upon reasonable notice and at reasonable times during regular business hours, to audit the Company’s relevant books and records for the purpose of verifying the amount of the Service Fees. The Service Fees for each period for which the Service Provider has conducted such review or audit shall be adjusted in accordance with the result of the verifications referred to in this Section 3.4.
Financial Statements and Audit. Without limiting the duties and obligations of the Managing Owner pursuant to Section 10 of this Trust Agreement, the Trust shall at all times prepare financial statements on a consolidating basis, including the JWH Special Circumstance LLC as a consolidated subsidiary of the Trust. The Managing Owner shall have no obligation to verify or confirm the accuracy of the financial information regarding the JWH Special Circumstance LLC that is provided by the LLC Manager and the Managing Owner shall have the right to rely upon the financial information provided to it by the LLC Manager. The Managing Owner shall retain the public audit firm that will conduct an audit of such consolidating financial statements as required by Section 10 of this Trust Agreement. The costs and expenses for services by the public audit firm shall be allocated between the Trust and the JWH Special Circumstance LLC based on the allocation of time and expenses for the services of such public audit firm to each of the Trust and the JWH Special Circumstance LLC. The footnotes to all such financial statements that includes the JWH Special Circumstance LLC shall conspicuously state in substance that:
