Related Party Entities. Contractor agrees that all financial transactions with all 3582 Related Party Entities shall be approved in advance in writing and disclosed 3583 annually (coinciding with Contractor's annual audited financial statements referred 3584 to in this Section 9.07) to the Agency in a separate disclosure letter to the Agency. 3585 This letter shall include the following information: a general description of the nature 3586 of each transaction, or type of (for many similar) transaction, as applicable. Such 3587 description shall include for each (or similar) transaction, amounts, specific Related 3588 Party Entity, basis of amount (how amount was determined), and description of the 3589 allocation methodology used to allocate any common costs. Amounts shall be 3590 reconciled to the Related Party Entity disclosures made in Contractor's annual 3591 audited financial statements referred to in this Section. 3592 At the Agency's request, Contractor shall provide the Agency with copies of working 3593 papers or other documentation deemed relevant by the Agency relating to 3594 information shown in the annual disclosure letter. The annual disclosure letter shall 3595 be provided to the Agency within sixty (60) Business Days of Contractor's Fiscal 3596 Year end.
Appears in 2 contracts
Samples: Franchise Agreement, Franchise Agreement
Related Party Entities. Contractor agrees that all financial transactions with all 3582 3519 Related Party Entities shall be approved in advance in writing and disclosed 3583 annually 3520 (coinciding with Contractor's annual audited financial statements referred 3584 to in this 3521 Section 9.07) to the Agency in a separate disclosure letter to the Agency. 3585 This letter 3522 shall include the following information: a general description of the nature 3586 of each 3523 transaction, or type of (for many similar) transaction, as applicable. Such 3587 description 3524 shall include for each (or similar) transaction, amounts, specific Related 3588 Party Entity, 3525 basis of amount (how amount was determined), and description of the 3589 allocation 3526 methodology used to allocate any common costs. Amounts shall be 3590 reconciled to the 3527 Related Party Entity disclosures made in Contractor's annual 3591 audited financial 3528 statements referred to in this Section. 3592 3529 At the Agency's request, Contractor shall provide the Agency with copies of working 3593 3530 papers or other documentation deemed relevant by the Agency relating to 3594 information 3531 shown in the annual disclosure letter. The annual disclosure letter shall 3595 be provided 3532 to the Agency within sixty (60) Business Days of Contractor's Fiscal 3596 Year end.
Appears in 1 contract
Samples: Franchise Agreement
Related Party Entities. Contractor agrees that all financial transactions with all 3582 3540 Related Party Entities shall be approved in advance in writing and disclosed 3583 annually 3541 (coinciding with Contractor's annual audited financial statements referred 3584 to in this 3542 Section 9.07) to the Agency in a separate disclosure letter to the Agency. 3585 This letter 3543 shall include the following information: a general description of the nature 3586 of each 3544 transaction, or type of (for many similar) transaction, as applicable. Such 3587 description 3545 shall include for each (or similar) transaction, amounts, specific Related 3588 Party Entity, 3546 basis of amount (how amount was determined), and description of the 3589 allocation 3547 methodology used to allocate any common costs. Amounts shall be 3590 reconciled to the 3548 Related Party Entity disclosures made in Contractor's annual 3591 audited financial 3549 statements referred to in this Section. 3592 3550 At the Agency's request, Contractor shall provide the Agency with copies of working 3593 3551 papers or other documentation deemed relevant by the Agency relating to 3594 information 3552 shown in the annual disclosure letter. The annual disclosure letter shall 3595 be provided 3553 to the Agency within sixty (60) Business Days of Contractor's Fiscal 3596 Year end.
Appears in 1 contract
Samples: Franchise Agreement
Related Party Entities. Contractor agrees that all financial transactions with all 3582 3516 Related Party Entities shall be approved in advance in writing and disclosed 3583 annually 3517 (coinciding with Contractor's annual audited financial statements referred 3584 to in this 3518 Section 9.07) to the Agency in a separate disclosure letter to the Agency. 3585 This letter 3519 shall include the following information: a general description of the nature 3586 of each 3520 transaction, or type of (for many similar) transaction, as applicable. Such 3587 description 3521 shall include for each (or similar) transaction, amounts, specific Related 3588 Party Entity, 3522 basis of amount (how amount was determined), and description of the 3589 allocation 3523 methodology used to allocate any common costs. Amounts shall be 3590 reconciled to the 3524 Related Party Entity disclosures made in Contractor's annual 3591 audited financial 3525 statements referred to in this Section. 3592 3526 At the Agency's request, Contractor shall provide the Agency with copies of working 3593 3527 papers or other documentation deemed relevant by the Agency relating to 3594 information 3528 shown in the annual disclosure letter. The annual disclosure letter shall 3595 be provided 3529 to the Agency within sixty (60) Business Days of Contractor's Fiscal 3596 Year end.
Appears in 1 contract
Samples: Franchise Agreement