Sharing in Financial Terms Sample Clauses

Sharing in Financial Terms. 5.1 We live under unjust economic conditions. The division between rich and poor is a distressing reality between North and South and is also visible within our respective societies. Our financial cooperation is therefore an expression of solidarity. Out of our confession that we are one in Xxxxxx follows our common participation in material goods and shortcomings. Needs and possibilities always affect all members of a body equally. Those who have greater fi- nancial potential at present do not have a greater right in decision-making or intervention. The act of giving something is easier than genuine sharing. In this respect we may have to go through some conflicts, but that must not divide us. 5.2 Our financial cooperation is manifested in part through project assistance, by the Solidarity Fund (SF) established in 2013. The Solidarity Fund is our main tool for financial support of projects in the ELCRN. This has been confirmed by this consultation following the ASSESSMENT OF THE ELCRN XXXX- XXXXXX FUND (Namibia, 23-30 September 2018) and the development of the SF PROGRAMME MANAGEMENT GUIDELINES – BETTER SERVICES, PEOPLE’S IMPROVED LIVES. These items have been discussed and adopted by this consultation. All German partnership groups, as well as the German churches, the UEM, and the ELCRN, com- mit themselves to fund this mechanism within their means. Funds shall be channelled via the UEM through the Solidarity Fund account. Procedures are explained in the SF PROGRAMME MANAGEMENT GUIDELINES. 5.3 Apart from the Solidarity Fund, bilateral project support for earmarked projects is also possible. These funds shall be channelled via the UEM through the Project Account of the ELCRN. The circuits and institutions shall acknowledge receipt of the money immediately and report to the partners via the PMO on the use of the funds within six months of receiving said funds. All bodies concerned within the ELCRN, German churches, and UEM should receive copies of the correspondence. The delegates of the Bad Driburg consultation envisaged to completely end bilateral fund trans- fers in light of the concept of the ELCRN. This has not been possible so far because field realities have proved to be different, but perhaps it can be achieved in the future. 5.4 We also emphasize the idea of working as partners on and in similar projects in Namibia and Germany (Soup kitchens – youth centres …). 5.5 One of the aims of our partnership support is to help the ELCRN to reach financial s...
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Sharing in Financial Terms. Out of our confession that we are one in Xxxxxx, follows the common participation in material goods and shortcomings. Needs and possibilities always affect all members of a body equally. Those who have greater financial potential at present do not have a greater right in decision-making or in interference. The act of giving something away is easier than genuine sharing. In this respect we may have to go through some conflicts, but that must not divide us. One of the aims of our partnership is to reach financial self-reliance of ELCRN, as manifested in the Xxxxxx’x Office Develop- ment Committee (BODC) initiative, which also inspires the ecumenical partners.

Related to Sharing in Financial Terms

  • Pro Forma Financial Information The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus include assumptions that provide a reasonable basis for presenting the significant effects directly attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statements amounts in the pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus comply as to form in all material respects with the application requirements of Regulation S-X under the Exchange Act.

  • Definitions and Accounting Matters Section 1.01 Terms Defined Above 1 Section 1.02 Certain Defined Terms 1 Section 1.03 Types of Loans and Borrowings 20 Section 1.04 Terms Generally; Rules of Construction 20 Section 1.05 Accounting Terms and Determinations; GAAP 21

  • Accounting Methods and Financial Records Maintain a system of accounting, and keep such books, records and accounts (which shall be true and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its properties.

  • Additional Financial Information The Company shall provide Parent with the Company’s audited financial statements for the twelve month periods ended December 31, 2022 and 2021 consisting of the audited consolidated balance sheets as of such dates, the audited consolidated income statements for the twelve month period ended on such date, and the audited consolidated cash flow statements for the twelve month period ended on such date (the “Year End Financials”). Subsequent to the delivery of the Year End Financials, the Company’s consolidated interim financial information for each quarterly period thereafter shall be delivered to Parent no later than forty (40) calendar days following the end of each quarterly period and consolidated interim monthly information for each month thereafter shall be delivered to Purchaser no later than 20 days following the end of each month (the “Required Financial Statements”). All of the financial statements to be delivered pursuant to this Section 7.3, shall be prepared under U.S. GAAP in accordance with requirements of the PCAOB for public companies. The Required Financial Statements shall be accompanied by a certificate of the Chief Executive Officer of the Company to the effect that all such financial statements fairly present the financial position and results of operations of the Company as of the date or for the periods indicated, in accordance with U.S. GAAP, except as otherwise indicated in such statements and subject to year-end audit adjustments. The Company will promptly provide with additional Company financial information reasonably requested by Parent for inclusion in the Proxy Statement and any other filings to be made by Parent with the SEC.

  • Certified and Minority Business Enterprises Reports Upon Customer request, the Contractor shall report to the requesting Customer the Contractor’s spend with certified and other minority business enterprises in the provision of commodities or services related to the Customer’s orders. These reports shall include the period covered, the name, minority code, and Federal Employer Identification Number of each minority business utilized during the period; commodities and services provided by the minority business enterprise, and the amount paid to each minority business enterprise on behalf of the Customer.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Certain Accounting Matters (a) At all times during the existence of the Trust, the Administrative Trustees shall keep, or cause to be kept at the principal office of the Trust in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, full books of account, records and supporting documents, which shall reflect in reasonable detail each transaction of the Trust. The books of account shall be maintained on the accrual method of accounting, in accordance with generally accepted accounting principles, consistently applied. (b) The Administrative Trustees shall either (i), if the Depositor is then subject to such reporting requirements, cause each Form 10-K and Form 10-Q prepared by the Depositor and filed with the Commission in accordance with the Exchange Act to be delivered to each Holder, with a copy to the Property Trustee, within thirty (30) days after the filing thereof or (ii) cause to be prepared at the principal office of the Trust in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, and delivered to each of the Holders, with a copy to the Property Trustee, within ninety (90) days after the end of each Fiscal Year, annual financial statements of the Trust, including a balance sheet of the Trust as of the end of such Fiscal Year, and the related statements of income or loss. (c) The Trust shall maintain one or more bank accounts in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, in the name and for the sole benefit of the Trust; provided, however, that all payments of funds in respect of the Notes held by the Property Trustee shall be made directly to the Payment Account and no other funds of the Trust shall be deposited in the Payment Account. The sole signatories for such accounts (including the Payment Account) shall be designated by the Property Trustee.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, reconcile cash of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

  • 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;

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