Common use of Related Party Entities Clause in Contracts

Related Party Entities. Contractor agrees that all financial transactions with all Related Party Entities shall be approved in advance in writing and disclosed annually (coinciding with Contractor's Annual Compiled Financial Statements and/or Trienniel Audited Financial Statements referred to in this Section to County in a separate disclosure letter to County. This letter shall include a general description of the nature of each transaction, or type of transaction, as applicable. Such description shall include for each transaction: a. Amount, specific to each Related Party Entity b. Basis of amount (how amount was determined and comparable quoted rates, including rental amounts, from non-Related Parties to be used as comparison). c. Description of the allocation methodology used to allocate any common costs. Amounts shall be reconciled to the Related Party Entity disclosures made in Contractor's annual financial statements referred to in this Section, and any adjustments made to related party expenses, including overhead charges shall be disclosed, along with the basis of any such adjustments. At County's request, Contractor shall provide County with copies of working papers or other documentation deemed relevant by County relating to information shown in the annual disclosure letter. The annual disclosure letter shall be provided to County within sixty (60) Business Days of Contractor's Fiscal Year end.

Related Party Entities. Contractor agrees that all financial transactions with all Related Party Entities shall be approved in advance in writing and disclosed annually (coinciding with Contractor's Annual Compiled Financial Statements and/or Trienniel Audited Financial Statements referred to in this Section to County in a separate disclosure letter to County. This letter shall include a general description of the nature of each transaction, or type of transaction, as applicable. Such description shall include for each transaction: a. Amount, specific to each Related Party Entity b. Basis of amount (how amount was determined and comparable quoted rates, including rental amounts, rates from non-Related Parties to be used as comparison). c. Description of the allocation methodology used to allocate any common costs. Amounts shall be reconciled to the Related Party Entity disclosures made in Contractor's annual financial statements referred to in this Section, and any adjustments made to related party expenses, including overhead charges shall be disclosed, along with the basis of any such adjustments. At County's request, Contractor shall provide County with copies of working papers or other documentation deemed relevant by County relating to information shown in the annual disclosure letter. The annual disclosure letter shall be provided to County within sixty (60) Business Days of Contractor's Fiscal Year end.

Related Party Entities. Contractor agrees that all financial transactions with all Related Party Entities shall be approved in advance in writing and disclosed annually (coinciding with Contractor's Annual Compiled Financial Statements and/or Trienniel Audited Financial Statements referred to in this Section to County in a separate disclosure letter to County. This letter shall include a general description of the nature of each transaction, or type of transaction, as applicable. Such description shall include for each transaction: a. Amount, specific to each Related Party Entity b. Basis of amount (how amount was determined and comparable quoted rates, including rental amounts, rates from non-Related Parties to be used as comparison). c. Description of the allocation methodology used to allocate any common costs. Amounts shall be reconciled to the Related Party Entity disclosures made in Contractor's annual financial statements referred to in this Section, and any adjustments made to related party expenses, including overhead charges shall be disclosed, along with the basis of any such adjustments. At County's request, Contractor shall provide County with copies of working papers or other documentation deemed relevant by County relating to information shown in the annual disclosure letter. The annual disclosure letter shall be provided to County within sixty (60) Business Days of Contractor's Fiscal Year end.