Statements, Billxxxx xxx Adjustments Sample Clauses

Statements, Billxxxx xxx Adjustments. 1.2.1. Each Party to the Agreement is responsible for preparing its own accounting, statistical and tax reports to meet Contract Area and any other country or corporate requirements, except that Operator shall be responsible for preparation and filling of any United States Partnership Income Tax Returns that may be required. The parties may elect out of Subchapter K. Operator is required to furnish Non-Operator(s) statements and billxxxx xx such form as required to facilitate discharging such responsibilities. 1.2.2. Operator shall bill Xxx-Operator(s) on or before the last day of each month for their proportionate share of expenditures for the preceding month. Such billxxxx xxxll be accompanied by statement of charges and credits to the Joint Account summarized by appropriate accounting classifications indicative of the nature thereof, except that items of Controllable Material and unusual charges and credits shall be detailed. Such billxxxx xxxll indicate the monetary origin (Colombian Pesos or U.S. Dollars) of the charges and credits. 13 1.2.3. Operator shall, upon request by Non-Operator(s), furnish a description of such accounting classifications. 1.2.4. In accordance with Colombian law, operator shall keep the Joint Account in Colombian pesos. The Operator will also maintain these accounts in U.S. dollar equivalency or shall provide the applicable exchange rate(s) monthly so that Non-Operator(s) may convert these Colombian peso accounts to U.S. Dollars each month. The parties shall agree as to the procedure to be used in establishing the exchange rate(s) to be used in making the conversion from Colombian pesos to U.S. dollars or vice-versa. Expenditures made in U.S. Dollars shall be separately identified and reported to Non-Operator(s) on a monthly basis. Accounts maintained for recording property, plant and equipment shall be maintained in both Colombia pesos and U.S. dollars and such accounts shall reflect the monetary origin (pesos or dollars) of each item of property, plant and equipment purchased for the Joint Account. In the conversion of currencies and in accounting for advances of different currencies as provided for in Paragraph 1.3 of this Article, or any other currency transactions affecting the Joint Operations, it is the intent that none of the Parties shall experience gain or loss at the expense of, or to the benefit of, the other Parties. 1.2.5. Payment of the bills referred to in paragraph 1.2.2. of this article shall not prejudice th...
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Statements, Billxxxx xxx Adjustments. 1.2.1. Each Party to the Agreement is responsible for preparing its own accounting, statistical and tax reports to meet Contract Area and any other country or corporate requirements, except that Operator shall be responsible for preparation and filling of any United States Partnership Income Tax Returns that may be required. The parties may elect out of Subchapter K. Operator is required to furnish Non-Operator(s) statements and billxxxx xx such form as required to facilitate discharging such responsibilities. 1.2.2. Operator shall bill Xxx-Operator(s) on or before the last day of each month for their proportionate share of expenditures for the preceding month. Such billxxxx xxxll be accompanied by statement of charges and credits to the Joint Account summarized by appropriate accounting classifications indicative of the nature thereof, except that items of Controllable Material and unusual charges and credits shall be detailed. Such billxxxx xxxll indicate the monetary origin (Colombian Pesos or U.S. Dollars) of the charges and credits.
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Related to Statements, Billxxxx xxx Adjustments

  • Adjustments Resulting in Underpayments In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Return required to be paid as a result of such adjustment pursuant to a Final Determination. The Responsible Company shall compute the amount attributable to the Zoetis Group in accordance with Section 2 and Zoetis shall pay to Pfizer any amount due Pfizer (or Pfizer shall pay Zoetis any amount due Zoetis) under Section 2 within 20 Business Days from the later of (i) the date the additional Tax was paid by the Responsible Company or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company to the date of the payment under this Section 4.01(c).

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the Committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the BOR President, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner:

  • Cost of Living Adjustments Effective December 1, 2021, Compensation Plan salary rates shall be increased by two and five tenths percent (2.5%) but not less than eighty-five dollars ($85) per month (prorated for part-time employees). Effective December 1, 2022, Compensation Plan salary rates shall be increased by three and one tenth percent (3.1%) but not less than one hundred dollars ($100) per month (prorated for part-time employees). (See Appendix C & E.)

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 6.5 shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.

  • Section 754 Adjustments To the extent an adjustment to the adjusted tax basis of any Company asset, pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Unit Holder in complete liquidation of such Unit Holder’s interest in the Company, the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Unit Holders in accordance with their interests in the Company in the event Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Unit Holder to whom such distribution was made in the event Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies.

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