Accounting Accruals Sample Clauses

Accounting Accruals. Liabilities arising from reserves and accruals required by GAAP that do not reflect liquidated and mature obligations to third parties, including, but not limited to, current deferred income taxes.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Accounting Accruals. Buyer and Seller hereby consent and agree to the expense accruals adjusting the net worth of the Company as described on Exhibit 4.11. They further agree to review, adjust and agree to any additional or new expense accrual as of Closing, and that none of the expense accruals as so agreed shall be a claim against Sellers for any breach of a representation or warranty hereunder, or an adjustment to the purchase price for the Company Common Stock being purchased hereunder.
Sample 1
Accounting Accruals. 55 6.1.9 Liabilities Among Consolidated Entities.............................................. 56 6.2
Sample 1
Accounting Accruals. All accruals to be made by the Operating Companies for tax purposes shall be recorded in compliance with generally accepted accounting principles in Chile and reconciled to US GAAP. It is understood that the auditors of the Operating Companies will have to certify their annual financial statements including such accruals. The Companies shall close the accounts for tax purposes as of December 31 of each year in accordance with Chilean GAAP and as of March 31, of each year for all other purposes, duly audited, in accordance with US GAAP. However, the Operating Companies will prepare monthly financial statements to be delivered to their shareholders at their request, in accordance with US GAAP.
Sample 1

Related to Accounting Accruals

  • Accruals All material accruals for unpaid vacation pay, premiums for unemployment insurance, health premiums, federal or provincial pension plan premiums, accrued wages, salaries and commissions and payments for any plan for any officer, director, employee or consultant of the Corporation have been accurately reflected in the books and records of the Corporation.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

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

  • 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.

  • 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.

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

Time is Money Join Law Insider Premium to draft better contracts faster.