Reporting; Record Keeping Clause Samples
The 'Reporting; Record Keeping' clause requires parties to maintain accurate records and provide regular reports related to their activities under the agreement. Typically, this involves keeping detailed documentation of transactions, performance metrics, or compliance with contractual obligations, and making these records available for inspection or audit upon request. The core function of this clause is to ensure transparency and accountability, enabling both parties to verify compliance and resolve disputes based on reliable documentation.
Reporting; Record Keeping. Sponsor will be available at reasonable times to discuss the activities of the Trust with the trustee of the Trust or its designee. Any written reports supplied by Sponsor to the Trust discussing the activities of the Trust are intended solely for the benefit of the Trust, and the Trust agrees that it will not disseminate such reports to any other party (other than the Trust’s service providers) without the prior consent of Sponsor, except as may be required by applicable law. Sponsor shall make or cause to be made, and shall maintain or cause to be maintained, all records as are required to be made or maintained by it in its capacity as Sponsor of the Trust.
Reporting; Record Keeping. Sponsor will be available at reasonable times to discuss the activities of the Funds with the trustee of the Trust or its designee. Any written reports supplied by Sponsor to the Trust discussing the activities of the Funds are intended solely for the benefit of the Trust and the Funds, and the Trust agrees that it will not disseminate such reports to any other party (other than the Funds’ service providers) without the prior consent of Sponsor, except as may be required by applicable law. Sponsor shall make or cause to be made, and shall maintain or cause to be maintained, all records as are required to be made or maintained by it in its capacity as Sponsor and commodity pool operator of the Funds.
Reporting; Record Keeping. Sponsor shall advise the Trust, at such times as the Trust may specify, of any Fund investments made and the reasons for making a particular investment. Sponsor will be available at reasonable times to discuss the management of the Funds with the Trust or its designee. Any written reports supplied by Sponsor to the Trust discussing Fund management are intended solely for the benefit of the Trust and the Funds, and the Trust agrees that it will not disseminate such reports to any other party (other than the Funds’ service providers) without the prior consent of Sponsor, except as may be required by applicable law. Sponsor shall make or cause to be made, and shall maintain or cause to be maintained, all records as are required to be made or maintained by it in its capacity as commodity pool operator and commodity trading advisor of the Funds.
Reporting; Record Keeping access and audit
7.1 The Recipient agrees to:
(a) hold the Funding in an account in the Recipient’s name and in the Recipient’s sole control;
(b) maintain records of the expenditure of the Funding;
(c) provide each required Progress Report by the due date specified in Item 10 of the Details;
(d) provide an update report, at the Department’s request, up to 12 months after the Project End Date;
(e) provide any information reasonably requested by the Department; and
(f) allow the Department’s employees, contractors and agents to access the premises and inspect records and Project documentation and/or audit the performance of the Agreement, upon reasonable notice; to the satisfaction of the Department.
7.2 All Reports and information provided must be:
(a) true and accurate in all respects; and
(b) of a standard and in a format acceptable to the Department.
Reporting; Record Keeping. The Service Provider shall maintain accurate records of receipts and disbursements of funds allocated by the City. These shall be presented by representatives of the Service Provider to Council at a Committee of the Whole or Regular Council Meeting periodically as determined in Schedule A “Deliverables”; and further, shall be included in a summary format in the Service Provider’s
Reporting; Record Keeping. Sponsor agrees that, upon the Trust’s reasonable request with respect to the Fund’s investments, it will (a) cooperate with the Trust to obtain information from third-parties to the best of its ability using commercially reasonable efforts, and (b) provide the Trust with information in its possession. Sponsor shall make or cause to be made, and shall maintain or cause to be maintained, all records as are required to be made or maintained by it in its capacity as commodity pool operator and commodity trading advisor of the Funds.
Reporting; Record Keeping