Yearly Accounting Sample Clauses

Yearly Accounting. Contractor shall annually, between the end of each Agreement Year during the Term and the beginning of the next Agreement Year during the Term, provide to Licensor, with a copy to the Team, a complete listing and description of all Equipment, including Licensor Equipment, POS Equipment, Smallwares, Promoted Equipment, and Office Equipment, along with Contractor's plans and recommendations for replenishment.
Sample 1
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Yearly Accounting. TENANT shall submit to LANDLORD before the sixtieth (60) day following the end of each lease Year a written statement, signed by TENANT and certified by an officer of TENANT to be correct, setting forth the amount of Gross Sales during the preceding Lease Year. The statements referred to herein shall be made in such form and contain such details as LANDLORD may reasonably request. The acceptance by LANDLORD of payments of Percentage Rental or reports thereon shall be without prejudice and shall in no case constitute a waiver of LANDLORD's right to audit TENANT's books and records of its Gross Sales and inventories of merchandise. TENANT shall maintain at its Home Office adequate records for a period of twenty-four (24) months after the close of each Lease Year for the allowing of LANDLORD to verify the reported Gross Sales for such year. Once with respect to each Lease Year and any time within said twenty-four (24) months, LANDLORD or its agents may inspect such records during normal business hours. LANDLORD shall have the right to cause, upon five (5) days notice to TENANT, a complete audit to be made of TENANT's entire business affairs relating to the Store and of all records including those specified in the preceding paragraph, and TENANT shall make all such records available for examination at the TENANT's home office. If the results of such audit shall show that TENANT's statement of Gross Sales for any period has been understated by three percent (3%) or more, then TENANT shall pay LANDLORD the cost of such audit in addition to any deficiency payment required. The furnishing by TENANT of any grossly inaccurate statement shall constitute a breach of the Lease. Any information obtained by LANDLORD as a result of such audit shall be held in strict confidence by LANDLORD, except in any proceeding or action to collect the cost of such audit or deficiency or with respect to a prospective sale, mortgage, lease or lease- back of the Center.
Sample 1

Related to Yearly Accounting

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • 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.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Tax Accounting Except for Tax Returns described in paragraph 9 of Part 3 of this Exhibit A, Provider shall prepare, or cause to be prepared, all Tax Returns of the Company in accordance with Sections 7.5 and 7.6 of the LLC Agreement. Part 2: SCOPE OF ADMINISTRATIVE SERVICES

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Fiscal Year and Accounting Methods Borrower may not and may not permit any Company to change its fiscal year or its method of accounting (other than immaterial changes in methods or as required or permitted by GAAP).

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C. The method and requirements for reporting and remitting premiums are outlined in Exhibit F. The Reinsurer reserves the right to charge interest on overdue premiums. The interest will be calculated according to the terms and conditions specified in Exhibit C.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Accounting Fees The charges and expenses of the independent accountants retained by the Trust;

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