Common use of Termination and Final Accounting Clause in Contracts

Termination and Final Accounting. Within 90 Days after the Termination Date, whether by affirmative action of the Entity or by virtue of the provisions of the Applicable Law or pursuant to the terms of this Agreement, the Entity shall provide a final accounting and pay to the Borough the reserve, if any, pursuant to N.J.S.A. 40A:20-15, as well as any Excess Net Profits, if any payable as of that date. For purposes of rendering a final accounting, the termination of the Agreement shall be deemed to be the end of the fiscal year for the Entity.

Appears in 2 contracts

Samples: Financial Agreement, Financial Agreement

AutoNDA by SimpleDocs

Termination and Final Accounting. Within 90 Days ninety (90) days after the Termination Datedate of termination, whether by affirmative action of the Entity Redeveloper or by virtue of the provisions of the Applicable Law or pursuant to the terms of this Financial Agreement, the Entity Redeveloper shall provide a final accounting and pay to the Borough Township the reserve, if any, pursuant to the provisions of N.J.S.A. 40A:20-15, 13 and 15 as well as any Excess excess Net Profits, if any any, payable as of that datedate and any adjusted Annual Service Charge. For purposes of rendering a final accounting, the termination of the Financial Agreement shall be deemed to be the end of the fiscal year for the EntityProject.

Appears in 1 contract

Samples: Financial Agreement

Termination and Final Accounting. Within 90 ninety (90) Days after the Termination Date, whether by affirmative action of the Entity or by virtue of the provisions of the Applicable Law or pursuant to the terms of this Agreement, the Entity shall provide a final accounting and pay to the Borough City the reserve, if any, pursuant to N.J.S.A. 40A:20-15, as well as any Excess Net Profits, if any payable as of that date. For purposes of rendering a final accounting, the termination of the this Agreement shall be deemed to be the end of the fiscal year for the Entity.

Appears in 1 contract

Samples: Financial Agreement

AutoNDA by SimpleDocs

Termination and Final Accounting. Within 90 ninety (90) Days after the Termination Date, whether by affirmative action of the Entity or by virtue of the provisions of the Applicable Law or pursuant to the terms of this Financial Agreement, the Entity shall provide a final accounting and pay to the Borough the reserveReserve, if any, pursuant to N.J.S.A. 40A:20-15, as well as any Excess Net Profits, if any any, payable as of that date. For purposes of rendering a final accounting, the termination Termination Date of the Financial Agreement shall be deemed to be the end of the fiscal year for the Entity.

Appears in 1 contract

Samples: Financial Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.