ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS; WORKING CAPITAL Sample Clauses

ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS; WORKING CAPITAL. AND OPERATING LOSSES
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ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS; WORKING CAPITAL. AND OPERATING LOSSES 11 4.01 Accounting, Interim Payment and Annual Reconciliation 11 4.02 Books and Records 12 4.03 Accounts 12 4.04 Annual Operating Projection 12 4.05 Working Capital 13 4.06 Operating Losses 13 Article V REPAIRS, MAINTENANCE AND REPLACEMENTS 13 5.01 Manager’s Maintenance Obligation 13 5.02 Repairs and Maintenance to be Paid from Gross Revenues 14 5.03 Repairs and Maintenance to be Paid by Owner or Landlord 14 5.04 FF&E Reserve Account 15 5.05 Capital Estimate 15 5.06 Additional Requirements 16 5.07 Ownership of Replacements 16 Article VI INSURANCE, DAMAGE, CONDEMNATION, AND FORCE MAJEURE 16 6.01 General Insurance Requirements 16 6.02 Waiver of Subrogation 16 6.03 Risk Management 16
Sample 1
ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS; WORKING CAPITAL. AND OPERATING LOSSES 9 4.01 Accounting, Interim Payment and Annual Reconciliation 9 4.02 Books and Records 10 4.03 Accounts 11 4.04 Annual Operating Projection 11 4.05 Working Capital 12 4.06 Operating Losses 12 ARTICLE V REPAIRS, MAINTENANCE AND REPLACEMENTS 12 5.01 Manager’s Maintenance Obligation 12 5.02 Repairs and Maintenance to be Paid from Gross Revenues 13 5.03 Routine Capital Replacements 13 5.04 Capital Replacements to be Paid by Owners or Landlords 13 5.05 FF&E Reserve Account 14 5.06 Capital Estimate 14 5.07 Additional Requirements 15 5.08 Ownership of Replacements 16 ARTICLE VI INSURANCE, DAMAGE AND CONDEMNATION 16 6.01 General Insurance Requirements 16 6.02 Waiver of Subrogation 16 6.03 Risk Management 16 6.04 Damage and Repair 16 6.05 Damage Near End of Term 17 6.06 Condemnation 18 6.07 Partial Condemnation 18 6.08 Temporary Condemnation 18 6.09 Allocation of Award 18 6.10 Effect of Condemnation 19
Sample 1

Related to ACCOUNTING, BOOKKEEPING AND BANK ACCOUNTS; WORKING CAPITAL

  • Fund Accounting Services GFS may from time to time adopt procedures, or modify its procedures, to implement the terms of this Section. With respect to each Fund, GFS shall provide the following services subject to, and in compliance with, the objectives, policies and limitations set forth in the Trust’s Registration Statement, the Trust’s Agreement and Declaration of Trust, Bylaws, applicable laws and regulations, and resolutions and policies implemented by the Trust’s Board of Trustees (the “Board”):

  • Bank Accounts; Investments Capital Contributions, revenues and any other Company funds shall, as directed by Preferred, be deposited by the Company in trading accounts (whether “regulated” or “unregulated”) established in the name of the Company. As provided by Rule 4.20(c) of the Commodity Futures Trading Commission (the “CFTC”), no other funds shall be deposited into the Company’s trading accounts or commingled with Company investments. Funds deposited in the Company’s trading accounts may be withdrawn only to be invested in furtherance of the Company’s purposes, to pay Company debts or obligations or to be distributed to the Members pursuant to this Agreement.

  • Bank Accounts; Cash Balances (a) Each Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by SpinCo or any other member of the SpinCo Group (collectively, the “SpinCo Accounts”) and all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such SpinCo Account and Parent Account, if currently Linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any Parent Account or SpinCo Account, respectively, is de-Linked from such Parent Account or SpinCo Account, respectively.

  • 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.

  • Bookkeeping and Administrative Expenses If so provided in the Prospectus, as compensation for providing bookkeeping and other administrative services of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940 to the extent such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee or the Depositor for providing supervisory services, the Depositor shall receive at the times specified in Section 3.05, against a statement or statements therefor submitted to the Trustee an aggregate annual fee in an amount which shall not exceed that amount set forth in the Prospectus, calculated as specified in Section 3.05. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase, during the period from the Trust Agreement to the date of any such increase, in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index as described under Section 3.18. The consent or concurrence of any Unitholder hereunder shall not be required for any such adjustment or increase. Such compensations shall be paid by the Trustee, upon receipt of invoice therefor from the Depositor, upon which, as to the cost incurred by the Depositor of providing services hereunder the Trustee may rely, and shall be charged against the Income and Capital Accounts as specified in Section 3.05. The Trustee shall have no liability to any Unitholder or other person for any payment made in good faith pursuant to this Section. If the cash balance in the Income and Capital Accounts shall be insufficient to provide for amounts payable pursuant to this Section 3.23, the Trustee shall have the power to sell (1) Securities from the current list of Securities designated to be sold pursuant to Section 5.02 hereof, or (2) if no such Securities have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 3.23. Any moneys payable to the Depositor pursuant to this Section 3.23 shall be secured by a prior lien on the Trust except that no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04. Any moneys payable to the Depositor pursuant to this Section 3.23 shall be secured by a prior lien on the Trust except that no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04.

  • Bank Accounts, etc A true and correct and complete list as of the ------------------- date of this Agreement of all banks, trust companies, savings and loan associations and brokerage firms in which the Company or any Subsidiary has an account or a safe deposit box and the names of all Persons authorized to draw thereon, to have access thereto, or to authorize transactions therein, the names of all Persons, if any, holding powers of attorney from the Company or any Subsidiary and a summary statement as to the terms thereof has been previously delivered to VIALOG.

  • Financial, Accounting, and Administrative Services The Manager shall maintain the existence and records of the Corporation; maintain the registrations and qualifications of Fund Shares under federal and state law; monitor the financial, accounting, and administrative functions of the Fund; maintain liaison with the various agents employed by the Corporation (including the Corporation’s transfer agent, custodian, independent accountants and legal counsel) and assist in the coordination of their activities on behalf of the Fund.

  • 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”).

  • Working Capital Upon consummation of the Offering, it is intended that approximately $1,000,000 of the Offering proceeds will be released to the Company and held outside of the Trust Account to fund the working capital requirements of the Company.

  • Minimum Working Capital The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000.

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