The Accounting Sample Clauses

The Accounting clause establishes the requirements and procedures for maintaining, reporting, and reviewing financial records related to the agreement. Typically, it outlines how parties must keep accurate books, the format and frequency of financial statements, and the rights of one party to inspect or audit the other's records. This clause ensures transparency and accountability in financial dealings, helping to prevent disputes over payments or revenue sharing by providing a clear framework for financial oversight.
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The Accounting. Not less than fifteen (15) business days prior to the close of escrow for the sale of Phase I, except in connection with any Excluded Transaction, Playa shall complete and submit to EA, Playa’s best estimate of the Profit Participation in a detailed “Accounting” (defined below). As used herein, an “Accounting” shall mean a report prepared by Playa showing in reasonable detail (including reasonable back-up documentation) the calculation of the Profit Participation Allocation, including Invested Capital Items (and the dates incurred), Closing Costs, and Net Profits from Sale of Phase I (or in the event of a Joint Sale, both Phase I and Phase II), the required IRR , the Phase I/Phase II Allocation, if applicable, the Joint Sale Allocation, any Preliminary Cost Basis and Allocation Statement (or the Interim Arbitration Ruling, if any) and the Phase I/Phase II Allocation given with such Preliminary Cost Basis and Allocation Statement (or the Interim Arbitration Ruling, if any) (“Playa’s PPA”).
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The Accounting. Accounting regarding Net Profit shall be done on a quarterly basis. Not less than thirty (30) business days after the close of each quarter, ISS shall complete and submit to GTSI, in a detailed Accounting (defined below), ISS’s best estimate of the profit participation amount due. As used herein, “Accounting” shall mean a report prepared by ISS showing in reasonable detail (including reasonable back-up documentation) the calculation of the PPA net payment.
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The Accounting. Firm Shall Determine Whether a Gross-Up Payment is Required. Subject to the provisions of Section 10.10 , all determinations required to be made under this Section 10.11 C including whether and when a Gross-Up Payment is required, the amount of the Gross-Up Payment and the assumptions to be used to arrive at the determination (collectively, the "Determination") C shall be made by the Accounting Firm, ------------- which shall provide detailed supporting calculations both to NewMil Bancorp, Inc. and to the Executive within 15 business days after receipt of notice from NewMil Bancorp, Inc. or the Executive that there has been a Gross-Up Payment, or such earlier time as is requested by NewMil Bancorp, Inc..
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The Accounting. Accounting regarding Net Profit shall be done on a quarterly basis. Not less than thirty (30) business days after the close of each quarter, XSE shall complete and submit to GSLO, in a detailed Accounting (defined below), XSE’s best estimate of the net profit amount due. As used herein, “Accounting” shall mean a report prepared by XSE showing in reasonable detail (including reasonable back-up documentation) the calculation of the PPA net payment.
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Related to The Accounting

  • No Accounting Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which would justify his or her removal for cause, no person ceasing to be a Trustee for reasons including, but not limited to, death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • As the Accounting Agent The Accounting Agent shall provide the following services, in each case, subject to the control, supervision and direction of the respective Trust and its Board and in accordance with procedures which may be established from time to time between the Trust and the Accounting Agent (including the procedures established in the “Service Level Agreement” as defined in Section V of this Agreement):

  • Final Accounting Upon the dissolution of the Company, a proper accounting shall be made from the date of the last previous accounting to the date of dissolution.