Examples of Quarterly Accounting in a sentence
Manager shall implement such Operating Budget and shall be authorized, subject to the limitations set forth in this Agreement, without the need for approval by UG, to make the expenditures and incur the obligations reasonably anticipated by the relevant Operating Budget, and Manager may not exceed any item in the Operating Budget by more than fifteen (15%) in any Quarterly Accounting Period without the prior consent of the UG.
Notwithstanding the foregoing, in the event that Manager meets or exceeds the Quarterly Sales Stabilization Benchmarks for four (4) consecutive Quarterly Accounting Periods during the Stabilization Period, all funds in Stabilization Fund Reserve Account will immediately vest in the UG, the UG shall have the sole right to access and use the funds remaining funds in the Stabilization Fund Reserve Account, and Manager shall have no further right to access the Stabilization Fund Reserve Account.
Within thirty (30) days after the end of each Quarterly Accounting Period, Manager shall render to the UG a preliminary statement of income and expenses, including the Gross Revenues and Operating Expenses, showing the results of operation of the Grocery Store for such period and year-to-date.
Notwithstanding the foregoing, the UG hereby agrees that it shall reimburse Manager for an amount up to One Hundred Fifty Thousand Dollars ($150,000) in connection with expenses incurred during the period commencing sixty (60) days prior to the estimated Grand Opening and the first two (2) Quarterly Accounting Periods with respect to such Grand Opening (the “Grand Opening Fund”).
During the Term, Manager shall pay, within thirty (30) days after the end of each Quarterly Accounting Period, a fee to the UG (the "UG Fee"), in the amount, if any, equal to three and one half percent (3.5%) of Gross Revenues for the preceding Quarterly Accounting Period exceeding the applicable Quarterly Sales Stabilization Benchmark as set forth on the Stabilization Fund Matrix.
Within forty-five (45) days after the end of each Quarterly Accounting Period, Manager shall render to the UG a narrative report on operations of and at the Grocery Store accompanied by a statement of income and expenses and a balance sheet in a form mutually and reasonably agreed upon between Manager and UG.
As part of the Quarterly Accounting, the City shall account for any non-Villages MPD and non-Xxxxxx Hills MPD related permit revenue over five hundred dollars ($500.00) that was received by the City as a result of City staff positions listed on Exhibit C.
In clinical studies, concurrent administration of abatacept and etanercept resulted in increased incidences of serious adverse events and did not demonstrate increased clinical benefit.
In addition, the Quarterly Accounting shall include reports with descriptions for each MDRT member (including City staff and consultants) depicting the amount of time that each MDRT member allocated to MDRT activities during the previous quarter.
This Quarterly Accounting shall include actual monthly costs of City staff positions included within the Developer’s Total Funding Obligation as well as any credits due under the Non-MPD Related Credit Procedure (Section 8) from the previous calendar quarter.