Common use of Maintenance of Accounts Clause in Contracts

Maintenance of Accounts. (i) The Concessionaire shall, during the subsistence of this Agreement, maintain books of accounts in accordance with standard accounting practices and statutory requirements under the Indian laws recording all its receipts from all sources derived or on account of the Project, income, expenditure, payments and assets and liabilities, in accordance with this Agreement, the Applicable Laws and

Maintenance of Accounts. (i) The Concessionaire shall, during the subsistence of this Agreement, maintain books of accounts in accordance with standard accounting practices and statutory requirements under the Indian laws recording all its receipts from all sources derived or on account of the Projectproject, income, expenditure, payments and assets and liabilities, in accordance with this Agreement, the Applicable Laws and