Reconciliation of Royalty Payments; Accounting Matters Sample Clauses

Reconciliation of Royalty Payments; Accounting Matters. The parties to the Escrow Agreement shall agree that New Scottsdale shall not be obligated to reconcile the royalty payments made to the Escrow Account with respect to any fiscal year after the date which is one hundred eighty (180) days after the date on which royalty payments for the Company's last fiscal quarter are payable (i.e., two hundred seventy (270) days after the end of the Company's fiscal year end). New Scottsdale shall provide the other parties to the Escrow Agreement with all relevant accounting information reasonably requested by such other parties, and such other parties shall be entitled, at their sole cost and expense, to audit such information to the extent necessary to ensure that the royalties paid by New Scottsdale to the Escrow Account have been accurately computed and are made in a timely manner; provided, however, that if such audit indicates that the royalty payments actually made to the Old Scottsdale Creditors during any period were ninety percent (90%) or less than the royalty payments required to be paid to the Old Scottsdale Creditors hereunder and under the Escrow Agreement, New Scottsdale shall pay for the costs and expenses of such audit.
Sample 1
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Reconciliation of Royalty Payments; Accounting Matters. The parties to the Escrow Agreement shall agree that New Scottsdale shall not be obligated to reconcile the royalty payments made to the Escrow Account with respect to any fiscal year after the date which is one hundred eighty (180) days after the date on which royalty payments for the Company's last fiscal quarter are payable (i.e., two hundred seventy (270) days after the end of the Company's fiscal year end). New Scottsdale shall provide the other parties to the Escrow Agreement with all relevant accounting information reasonably requested by such other parties, and such other parties shall be entitled, at their sole cost and expense, to audit such information to the extent necessary to ensure that the royalties paid by New Scottsdale to the Escrow Account have been accurately computed and are made in a timely manner.
Sample 1

Related to Reconciliation of Royalty Payments; Accounting Matters

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Allocation of Revenues All revenues relating to the Designated Property shall be allocated as follows: (i) 100% to CWEI before Payout and (ii) 1% to CWEI and 99% to the Participants after Payout, apportioned among the Participants in proportion to the percentages listed on Exhibit A attached hereto.

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Fiscal Year and Accounting Methods Borrower may not and may not permit any Company to change its fiscal year or its method of accounting (other than immaterial changes in methods or as required or permitted by GAAP).

  • Reconciliation of Accounts Any reconciliation of Accounts performed by any party hereto, or any Subservicer or Subcontractor shall be prepared no later than 45 calendar days after the bank statement cutoff date. * * * * * *

  • Accounting Fees The charges and expenses of the independent accountants retained by the Trust;

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Reconciliation of Deposits If Ford Credit is the Servicer and for any Payment Date, the sum of (i) Collections for the Collection Period, plus (ii) Purchase Amounts for the Payment Date, exceeds the amounts deposited under Section 4.3(b) for the Collection Period, Ford Credit will deposit an amount equal to the excess into the Collection Account on the Business Day before the Payment Date or, with satisfaction of the Rating Agency Condition, on the Payment Date. If, for any Payment Date, the amounts deposited under Section 4.3(b) for the Collection Period exceed the sum of (i) Collections for the Collection Period, plus (ii) Purchase Amounts for the Payment Date, the Indenture Trustee will pay to Ford Credit an amount equal to the excess within two Business Days of Ford Credit’s direction, but no later than the Payment Date. If requested by the Indenture Trustee, Ford Credit will provide reasonable supporting details for its calculation of the amounts to be deposited or paid under this Section 4.3(c).

  • Accounting Fee Each Restaurant shall pay to the General Partner or its designee a fee (“Accounting Fee”) in consideration for the accounting services provided by the General Partner or its designee to the Restaurant. The initial Accounting 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, as the Company deems appropriate in its reasonable discretion. The Accounting Fee shall be reviewed on a monthly 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.

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