Common use of Statements and Bxxxxxxx Clause in Contracts

Statements and Bxxxxxxx. Unless otherwise agreed by the Parties, Paltar shall submit monthly to Nation, on or before the 15th day of each month, statements of the costs and expenditures incurred during the prior month, indicating by appropriate classification the nature thereof and the corresponding budget category. 1.5.1 These statements, as a minimum, shall contain the following information: (i) advances of funds setting forth the currencies received from Nation; (ii) the share of Nation in total expenditures, if other than 100%; (iii) the accrued expenditures; (iv) the current account balance of Nation; (v) summary of costs, credits, and expenditures on a current month, year-to-date, and inception-to-date basis or other periodic basis, as agreed by the Parties (such expenditures shall be grouped by the categories and line items designated in the approved Work Program and Budget so as to facilitate comparison of actual expenditures against that Work Program and Budget), and (vi) details of unusual charges and credits in excess of fifty thousand Australian dollars (A $50,000.00). 1.5.2 Paltar shall, upon request, furnish a description of the accounting classifications used by it. 1.5.3 Amounts included in statements and bxxxxxxx shall be expressed in Australian currency and reconciled to the currencies advanced. 1.5.4 Each Party shall be responsible for preparing its own accounting and tax reports to meet the requirements of the Country of Operations and of all other countries to which it may be subject. Paltar, to the extent that the information is reasonably available from the Operating Account records, shall provide Nation in a timely manner the necessary information to facilitate the discharge of such responsibility.

Statements and Bxxxxxxx. Unless otherwise agreed by the Parties, Paltar Officer shall submit monthly to Nation, on or before the 15th day of each month, statements of the costs and expenditures incurred during the prior month, indicating by appropriate classification the nature thereof and the corresponding budget category. 1.5.1 These statements, as a minimum, shall contain the following information: (i) advances of funds setting forth the currencies received from Nation; (ii) the share of Nation in total expenditures, if other than 100%; (iii) the accrued expenditures; (iv) the current account balance of Nation; (v) summary of costs, credits, and expenditures on a current month, year-to-date, and inception-to-date basis or other periodic basis, as agreed by the Parties (such expenditures shall be grouped by the categories and line items designated in the approved Work Program and Budget so as to facilitate comparison of actual expenditures against that Work Program and Budget), and (vi) details of unusual charges and credits in excess of fifty thousand Australian dollars (A $50,000.00). 1.5.2 Paltar Officer shall, upon request, furnish a description of the accounting classifications used by it. 1.5.3 Amounts included in statements and bxxxxxxx shall be expressed in Australian currency and reconciled to the currencies advanced. 1.5.4 Each Party shall be responsible for preparing its own accounting and tax reports to meet the requirements of the Country of Operations and of all other countries to which it may be subject. PaltarOfficer, to the extent that the information is reasonably available from the Operating Account records, shall provide Nation in a timely manner the necessary information to facilitate the discharge of such responsibility.