Annual Audited Statement definition

Annual Audited Statement means a complete financial statement outlining the financial status of the Project, which shall also include a computation of Net Profit, Allowable Net Profit, and Annual Gross Revenue, prepared annually by the Entity’s certified public accountant. The contents of each Annual Audited Statement shall be prepared in conformity with Generally Accepted Accounting Principles, the Exemption Law, and this Financial Agreement.
Sample 1Sample 2Sample 3
Annual Audited Statement means a complete financial statement outlining the financial status of the Project, which shall also include a computation of Net Profit, Allowable Net Profit, and Annual Gross Revenue, prepared annually by the Entity’s certified public accountant. The contents of each Annual Audited Statement shall be prepared in conformity with Generally Accepted Accounting Principles, the Exemption Law and this Financial Agreement.
Sample 1
Annual Audited Statement has the meaning set forth in Section 9.3.
Sample 1

Examples of Annual Audited Statement in a sentence

  • The Contractor’s Annual Audited Statement shall also include an examination and certification of such schedules by an independent certified public accountant and a statement from that accountant that, in its opinion, such receipts and fees have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) and under the terms and conditions of this Contract including, without limitation, the definition of Gross Receipts set forth in Section 5.02 herein.

  • Such statements shall also contain a list of the Gross Receipts, by month, as shown on the books and records of the period covered by the Annual Audited Statement.

  • The contents of each Annual Audited Statement shall be prepared in conformity with Generally Accepted Accounting Principles, the Exemption Law, and this Agreement.

  • For so long as the Entity owns the Project and within 90 Days after the close of each fiscal or calendar year (depending on the Entity’s accounting basis) that this Agreement shall continue in effect, the Entity shall submit to the Mayor of the Borough, the Governing Body and the Borough Clerk, its Annual Audited Statement for the preceding fiscal or calendar year in accordance with the Exemption Law.

  • The Entity shall, for the duration of this Agreement, calculate the Annual Gross Revenue in accordance with the Exemption Law and this Financial Agreement and the computation of Annual Gross Revenue shall be shown on the Entity’s Annual Audited Statement.

  • The Annual Audited Statement for any calendar year shall be controlling over and shall supercede the interim accountings for such calendar year.

  • The Redeveloper shall, for the duration of this Agreement, calculate the Annual Gross Revenue in accordance with the Exemption Law and this Financial Agreement and the computation of Annual Gross Revenue shall be presented in the supplementary information on the Redeveloper's Annual Audited Statement.

  • If the Annual Audited Statement indicates Manager is owed monies, Owner shall reimburse such amount to Manager within 30 days after receipt of the Annual Audited Statement, without interest.

  • For so long as the Entity owns the Project and within ninety (90) Days after the close of each fiscal or calendar year (depending on the Entity’s accounting basis) that this Financial Agreement shall continue in effect, commencing for the year in which the Project first achieves Substantial Completion, the Entity shall submit to the Mayor of the City, the Governing Body, and the City Clerk, its Annual Audited Statement for the preceding fiscal or calendar year in accordance with the Exemption Law.

  • The Entity shall calculate the Annual Gross Revenue in accordance with the Exemption Law and this Financial Agreement and the computation of Annual Gross Revenue shall be shown on the Entity’s Annual Audited Statement.


More Definitions of Annual Audited Statement

Annual Audited Statement means, as to any insurance company, the annual audited statutory financial statement (including footnotes) of such insurance company as required to be filed with the applicable Department, together with all exhibits or schedules filed therewith, prepared in conformity with SAP.
Sample 1
Annual Audited Statement shall have the meaning given to such term in Section 9(c)(ii).
Sample 1
Annual Audited Statement means the annual financial ------------------------ statements to be prepared by the borrower and audited by the auditors, together with the certificates of the auditors and the Borrowers, all as required to be delivered pursuant to Section 5.6(b).
Sample 1

Related to Annual Audited Statement

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2009, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower’s independent public accountants.

  • Annual Statement means that statement required by Iowa Code section 508.11 to be filed annually by the company with the office of the commissioner.

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

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Annual Financial Statement is defined in Section 10.1(a).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Audited Financials has the meaning specified in Section 4.6(a).

  • Fiscal Year End means the end of each Fiscal Year.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Accounting Statement means for each financial year, the following statements, namely-

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Quarterly Statement means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and shall contain the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

  • NAIC Annual Statement is defined in Section 6.2(a).

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

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

  • Target Financial Statements has the meaning set forth in Section 3.4(a).

  • Financial Statements has the meaning set forth in Section 3.06.