Annual Accounting definition

Annual Accounting. The Custodian shall from time to time, but at least once annually as of the close of each calendar year, render to the Depositor an accounting that reflects both the transactions occurring in the Depositor’s Custodial Account in the preceding period and the fair market value of the assets held in the Depositor’s Custodial Account as of the accounting date to the extent such information exists and is made available to the Custodian. Such accounting may consist of, or be supplemented by, statements of accounts regularly issued by the designated Brokerage Firm or an affiliate thereof. If the Depositor fails to file any written exceptions or objections to any such accounting within sixty (60) days after the mailing of same, the Depositor shall be deemed to have approved of such accounting and the Custodian shall be released, relieved and discharged with respect to all matters set forth in such accounting.
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Annual Accounting the accounting conducted every full year (twelve months) starting from the date when the Entrusted Party was entrusted for operation and management;
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Annual Accounting. The Custodian shall, at least annually, provide the Responsible Individual with an accounting of such Designed Beneficiary’s account. Such accounting shall be deemed to be accepted by the Responsible Individual, if the Responsible Individual does not object in writing within 60 days after the mailing of such accounting. Amendment: The Depositor and Responsible Individual irrevocably delegate to the Custodian the right and power to amend this Agreement. Except as hereafter provided, the Custodian will give the Responsible Individual 30 days notice of any such amendment, or if later, the time required to be given under regulation or other guidance provided by the IRS. The Depositor and Responsible Individual shall be deemed to have consented to any such amendment unless the Responsible Individual notifies the Custodian to the contrary within 30 days after notice to the Responsible Individual and requests a distribution or transfer of the balance in the ▇▇▇▇▇▇▇▇▇ ESA.
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Examples of Annual Accounting in a sentence

  • Reconciliations between amounts reported and actual amounts shown in accounting records shall be provided as supporting schedules to the Annual Accounting Statements.

  • The Carrier shall submit the audit report and the Annual Accounting Statements to OPM in accordance with the requirements of the Guide.

  • Annual Accounting: Each calendar year, a full and complete account of the condition of the partnership shall be made to the partners.

  • An Annual Accounting of this Plan will occur within 90 days of the close of the Company’s annual financial reporting.

  • The Annual Accounting Date is 31 December (save to the extent altered without breaching the terms of this Agreement).

  • Within one hundred twenty (120) days after the end of the initial term of the Agreement, and any renewal term, Florida Blue shall prepare and furnish to the Group an Annual Accounting of the operations of that term.

  • In the event the amount set forth in Section IV (a) is less than the sum of the amounts set forth in Sections IV (b), IV (c) and IV (d), the difference shall be paid by the Group to Florida Blue within 10 working days of receipt of the Annual Accounting with the provision that the difference shall be limited to the amount set forth in Section IV (e) less the amount set forth in Section IV (a).

  • The Supplemental Rent Payment Date with respect to each Fiscal Year shall be the first Rent Payment Date following the delivery of the Annual Accounting Statement with respect to such Fiscal Year.

  • The Annual Accounting Period of the Scheme is from [1st July] to [30th, June].

  • At the time Tenant delivers to Lessor the Annual Accounting Statement (as provided in Section 2.5) it shall pay to Lessor the accrued but unpaid Escalation Rent, if any, due for the portion of such Adjustment Year which has already occurred as a result of the application of clause (2) of whichever of subsections (a) or (b) above is then applicable.


More Definitions of Annual Accounting

Annual Accounting shall have the meaning set forth in Article 23.1;
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Related to Annual Accounting

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Annual Accounts means the accounts of the licensee prepared in accordance with the provisions of the Companies Act, 1956 and/or in such other manner as may be directed by the Commission in terms of the provisions of the Act;

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Fiscal Year End means December 31 of each calendar year.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;