Common use of Keeping accounts Clause in Contracts

Keeping accounts. The Manager and the Trustee shall, having regard to their separate functions, keep or cause to be kept accounting records which provide a true and fair view of all sums of money received and expended by or on behalf of each Trust, the matters in respect of which such receipt and expenditure takes place, of all sales and purchases of Authorised Investments and of the assets and liabilities of each Trust. The Manager and the Trustee shall furnish each to the other from time to time any information necessary for this purpose.

Keeping accounts. The Trust Manager and the Trustee shall, having regard to their separate functions, keep or cause to be kept accounting records which provide a true and fair view of all sums of money received and expended by or on behalf of each Trust, the matters in respect of which such receipt and expenditure takes place, of all sales and purchases of Authorised Investments and of the assets and liabilities of each Trust. The Trust Manager and the Trustee shall furnish each to the other from time to time any information necessary for this purpose.