Common use of Accounting and Reports Clause in Contracts

Accounting and Reports. At such intervals as shall be mutually agreed upon between the parties, but in any event not less than once per calendar year quarter, the Manager shall furnish the Company with appraisals of the Accounts, performance tabulations, compliance certifications, a summary of purchases and sales and such other reports as shall be agreed upon from time to time. The Manager’s service levels and reporting responsibilities are further set forth in a Service Level Agreement Addendum (“SLA”) to this Agreement, which may be amended from time to time with the consent of both parties. The Manager shall also reconcile accounting, transaction and asset-summary data with custodian reports at times that are mutually agreeable to the Manager and the Company. In addition, the Manager shall communicate and resolve any significant discrepancies with the custodian(s).