FINANCIAL SUPERVISION Sample Clauses

FINANCIAL SUPERVISION. Party B and Party C hereby jointly agree to, subsequent to the date hereof, (i) submit the annual budget and monthly cash requirement plan of Party B to Party A for approval, (ii) any withdrawal of fund from any bank account of Party B shall require the joint signatures of Ju Baochun and the person designated by Party A; and (iii) accept the corporate policies and guidance provided by Party A from time to time in respect of the appointment and dismissal of senior management, daily operations and management and financial administrative system of Party B.
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FINANCIAL SUPERVISION. 4.1 In addition to the right provided in this Agreement, Junlian also has the right to review and copy the Article of Association, the minute of Shareholder Meeting, the resolution of the Board of Directors and Supervisors, financial report and relevant project contracts of Junlian S&T.
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FINANCIAL SUPERVISION. Both Parties shall be entitled to inspect accounting books of the JV company.
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FINANCIAL SUPERVISION. Micro shall have the right to nominate a chief finance officer to oversee the financial matters of the Company so long as it holds the majority interest in the Company. SPM shall have the right to nominate an accounting officer to oversee the administration of bookkeeping and accounting matters of the Company.
Sample 1
FINANCIAL SUPERVISION. 4.1 In addition to the right provided in this Agreement, WFOE also has the right to review and copy the Article of Association, the minute of Shareholder Meeting, the resolution of the Board of Directors and Supervisors, financial report and relevant project contracts of Original Company.
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FINANCIAL SUPERVISION. Xx. Xxxxxxxx Xxx shall be appointed as the Companies’ financial supervisor immediately after the Closing Date; Xx. Xxxxxxxx Xxx shall have all the right to review and to inspect the financial statements as well as any other financial matters of the Companies. Sellers shall have the right to replace Xx. Xxxxxxxx Xxx and make new appointment of this position. Purchaser and the Companies shall consent and cooperate without any conditions.
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FINANCIAL SUPERVISION. Every year, the General Assembly shall formally approve a balance sheet and profit and loss account which have been certified correct by independent auditors not later than 1 July of the year following the year to which they apply. The independent auditors shall be appointed for a period of ... years (specify) by the General Assembly, which shall determine their fees. The documents enclosed with notices convening meetings of the General Assembly shall include the reports of the Board and the independent auditors, as well as the balance sheet and profit and loss account.
Sample 1
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Related to FINANCIAL SUPERVISION

  • Board Supervision All of the functions undertaken by the Investment Manager hereunder shall at all times be subject to the direction of the Board of Directors, its executive committee, or any committee or officers of the Company acting under the authority of the Board of Directors.

  • Supervision The Recipient shall provide and maintain competent and adequate project management covering the supervision and inspection of the development and construction of the Project and bear the responsibility of ensuring that construction conforms to the approved surveys, plans, profiles, cross sections and specifications.

  • Tax Administration (a) The Trust and the Certificate Paying Agent, upon direction from the Sponsor, shall comply with all withholding and backup withholding tax requirements under United States federal (including, without limitation, Sections 1441, 1442, 1445, 1446 and 1471 through 1474 of the Code), state and local law. The Certificate Paying Agent shall request, and the Certificateholder shall provide to the Certificate Paying Agent, such forms or certificates as are necessary to establish an exemption from withholding and backup withholding tax with respect to the Certificateholder and any representations and forms as shall reasonably be requested by the Trust to assist it in determining the extent of, and in fulfilling, its withholding and backup withholding tax obligations. The Certificateholder, by acceptance of the Certificate, agrees to provide to the Certificate Paying Agent, upon its request, the FATCA Information. In addition, the Certificateholder, by acceptance of the Certificate, agrees that the Certificate Paying Agent has the right to withhold any amounts (properly withholdable under law and without any corresponding gross-up) payable to the Certificateholder that fails to comply with the requirements of the preceding sentence.

  • Anti-Money Laundering/International Trade Law Compliance No Covered Entity is a Sanctioned Person. No Covered Entity, either in its own right or through any third party, (i) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (ii) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (iii) engages in any dealings or transactions prohibited by any Anti-Terrorism Law.

  • Banking Operations Enter into any new material line of business; change its material lending, investment, underwriting, risk and asset liability management and other material banking and operating policies, except as required by applicable law, regulation or policies imposed by any Governmental Authority; or file any application or make any contract with respect to branching or site location or branching or site relocation.

  • Financial Solvency Both before and after giving effect to the transactions contemplated in the Loan Documents, none of the Borrower or its Affiliates:

  • Training and Education SECTION 1 – Law Enforcement Supervisors’ Training The state and the PBA recognize the importance of supervisor training programs to develop management skills in our law enforcement supervisors. The state will make a reasonable effort to continue existing training programs in law enforcement techniques and to develop new programs in performance review techniques, supervisory skills, and managerial techniques.

  • Supervision Fee Each Restaurant shall pay to the General Partner or its designee a fee (“Supervision Fee”) in consideration for the supervision and services provided by the General Partner or such designee. The initial Supervision Fee shall be established by the Company and shall be either a flat fee per Restaurant or a specified percentage of each Restaurant’s gross sales. The Supervision Fee shall be reviewed on an annual basis by the Company and may be increased or decreased by the Company from time to time in accordance with the Company’s criteria for establishing such fees for company owned restaurants.

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

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