Accounting Authority Sample Clauses

Accounting Authority. Agent shall open and maintain at least one federally insured clients’ trust account, pursuant to ORS 696.241, for the deposit of all funds received on behalf of the Owner for the property managed under this agreement. Agent shall provide to the Owner a monthly statement of operations for all receipts and disbursements for the account of the owner during the prior monthly period. Agent shall have the authority to transfer funds between two or more ledger accounts maintained by the Owner. Owner acknowledges that some bills shall be paid by computer and through a pooled account. Agent shall not withdraw, pay or transfer funds for payment of generally authorized expenses from the Owner’s ledger account in excess of the actual credit balance of the account. This credit shall not include the amount of the tenant’s conditionally refundable deposits being held at the time of the withdrawal, payment or transfer of funds.
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Accounting Authority if the public entity has a board or other controlling body, that board or controlling body is the accounting authority for that entity;
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Accounting Authority. 5.1 In consideration of the obligations herein contained the Accounting Authority will:
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Accounting Authority. Allerdale Borough Council Functions To act on behalf of, under the oversight of and be advised by the CCPSB in the management and day to day supervision of the Programme To employ and use staff to manage the delivery of the Progamme To act as representative of the Consortium in any discussions or negotiations or other appropriate transactions with any third party (including Government departments) in relation to the programme provided that no final decisions or agreements will be made without the approval of the CCPSB or CCPPB With the approval of the CCPSB to provide such administrative resources and office facilities as should reasonably be necessary to enable the Lead Authority to manage the programme To be responsible for the claiming of Grant funding from funding bodies within the terms of this Agreement and for the payment of such Grant to Consortium Members provided that all such claims and payments accord with relevant conditions as set by the funding body To ensure that all financial transactions to which it is a party and relevant to this Agreement shall be conducted according to relevant financial regulations and are appropriately audited On behalf of, and with advice from, the CCPSB take responsibility for ensuring quality assurance of the Programme including the monitoring and evaluation of the development of the Programme To make reports on all relevant matters to CCPSB and CCPPB such that CCPSB and CCPPB are able to carry out its functions of oversight To fulfil such other roles and functions as reasonably required and notified by the CCPSB
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Related to Accounting Authority

  • Appointing Authority If the grievance is not settled under Step 1, it may be formally submitted to the appointing authority. The grievance shall be submitted within seven (7) days after receipt of the written decision from Step 2 or the verbal decision of Step 1, whichever applies. Within seven (7) days after receipt of the written grievance, the appointing authority or designated representative shall meet with the employee. Within seven (7) days thereafter, a written decision shall be delivered to the employee.

  • Accounting Standards The Subrecipient agrees to comply with 2 CFR 200 and agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred.

  • Accounting and Financial Determinations Unless otherwise specified, all accounting terms used herein or in any other Loan Document shall be interpreted, all accounting determinations and computations hereunder or thereunder (including under Section 7.2.4) shall be made, and all financial statements required to be delivered hereunder or thereunder shall be prepared in accordance with, those generally accepted accounting principles ("GAAP") applied in the preparation of the financial statements referred to in Section 6.5.

  • Decision-Making Authority BMS shall have the sole decision-making authority for the operations and Commercialization strategies and decisions, including funding and resourcing, related to the Commercialization of Products; provided that such decisions are not inconsistent with the express terms and conditions of this Agreement, including BMS’ diligence obligations set forth in Section 5.1.

  • Signing Authority Will the above-named Partner be able to sign contracts on behalf of the Partnership? ☐ Yes ☐ No Partner 3: with a mailing address of . a.) Ownership: %

  • Accounting and Financial Reporting 6.1. The Bank shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements made therefrom.

  • Tax and Accounting Treatment Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP.

  • Contracting authority If you are an individual accepting these terms on behalf of an entity, you represent that you have the legal authority to enter into this agreement on that entity’s behalf.

  • Accounting Treatment For accounting purposes, the Merger is intended to be treated as a "purchase."

  • Regulatory Authority If any regulatory authority having jurisdiction (or any successor boards or agencies), a court of competent jurisdiction or other Governmental Authority with the appropriate jurisdiction (collectively, the ''Regulatory Body'') issues a rule, regulation, law or order that has the effect of cancelling, changing or superseding any term or provision of this Agreement (the ''Regulatory Requirement''), then this Agreement will be deemed modified to the extent necessary to comply with the Regulatory Requirement. Notwithstanding the foregoing, if a Regulatory Body materially modifies the terms and conditions of this Agreement and such modification(s) materially affect the benefits flowing to one or both of the Parties, as determined by either of the Parties within twenty (20) business days of the receipt of the Agreement as materially modified, the Parties agree to attempt in good faith to negotiate an amendment or amendments to this Agreement or take other appropriate action(s) so as to put each Party in effectively the same position in which the Parties would have been had such modification not been made. In the event that, within sixty (60) days or some other time period mutually agreed upon by the Parties after such modification has been made, the Parties are unable to reach agreement as to what, if any, amendments are necessary and fail to take other appropriate action to put each Party in effectively the same position in which the Parties would have been had such modification not been made, then either Party shall have the right to unilaterally terminate this Agreement forthwith.

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