Independent Financial Manager Sample Clauses

Independent Financial Manager. The AQMF shall be managed by either JPMorgan Chase Private Bank or by another appropriate independent financial manager (“Independent Financial Manager”), selected by HCBF with BOHC’s approval, which approval shall not be unreasonably withheld. The City must review and approve the agreement between HCBF and the Independent Financial Manager and such agreement must be in full force and effect before the City disburses any funds under this Agreement.
Sample 1
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Related to Independent Financial Manager

  • 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. 2. Without limitation on the provisions of Part A of this Section, the Recipient shall prepare and furnish to the Association not later than forty-five (45) days after the end of each calendar quarter, interim unaudited financial reports for the Project covering the quarter, in form and substance satisfactory to the Association. 3. The Recipient shall have its Financial Statements audited in accordance with the provisions of Section 4.09(b) of the General Conditions. Each audit of the Financial Statements shall cover the period of one (1) fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the Association not later than six (6) months after the end of such period.

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