Written Account. Within ninety (90) days following the close of each Trust Year, the Trustee shall prepare a written account of all transactions relating to the Trust and each Fund. The written account shall be based on the audit performed pursuant to Section 5.2 above and shall include the following: (a) a list of all investments showing cost and current value; (b) a statement for the year showing purchases with cost, sales with profit or loss, other investment changes, and income and disbursements; and (c) an appropriate notation as to any investments in default. The Trustee shall give notice of the availability of the account to the Plan Sponsor of the Participating Plan, or such other person designated for the purpose of receiving such account on behalf of the Participating Plan, and a copy of the account shall be furnished upon request to the Participating Plan. If the Participating Plan shall not, within ninety (90) days after the mailing of such statement of account, notify the Trustee, in writing of its disapproval of the same, such statement shall constitute a valid accounting of the Trust as if the account had been duly approved by the Participating Plan in writing. If the Trustee and Participating Plan cannot agree with respect to any act or transaction reported in the accounting, the Trustee and the Participating Plan shall have the right to have its accounts settled by judicial proceedings, in which event, only the Trustee and the Participating Plan shall be necessary parties.
Written Account. As soon as practicable after the close of each Plan year (as designated in the Plan), or upon the removal or resignation of the Master Custodial Administration Agreement Administrator as provided in Article VI of this Agreement or the termination of the Participating Plan or Participant’s account or this Agreement, as applicable, the Master Custodial Administration Agreement Administrator, shall render to the Participant and Employer a written account of all its transactions relating to the Custodial Account. If the Employer shall not, within one hundred eighty (180) days after the mailing of such statement of account, notify the Master Custodial Administration Agreement Administrator, as applicable, in writing of its disapproval of the same, such statement shall constitute a valid accounting of the Custodial Account as if the account had been duly approved by the Participant or Employer in writing.
Written Account. The Landlord must keep proper books of account in respect of the Landlord’s Costs and as soon as reasonably practicable after the end of each Accounting Period prepare and submit to the Tenant a written account showing:-
4.2.1 the amount of the Landlord’s Costs during the immediately preceding Accounting Period or in respect of a previous Accounting Period but which has not been taken into account in the statement for the previous Accounting Period; and
4.2.2 containing a fair summary of the items referred to in the account, and details of any reserve fund; and
4.2.3 a statement specifying the Service Charge for that Accounting Period and, save in the case of manifest error, any account is conclusive for the purposes of this Lease.
