Accounting for Annual Payment Sample Clauses

Accounting for Annual Payment. The Developer shall keep and ------------ ----------------------------- make available to the City complete and accurate records of Adjusted Gross Receipts for each calendar year and partial calendar year during the Term (in the form and to the extent required to be supplied to or reviewed and audited by the Gaming Commission). Commencing in the calendar year or partial calendar year immediately following the calendar year or partial calendar year in which the Boat is placed in operation and for each calendar year and partial calendar year of the Term thereafter, the Developer shall submit a statement to the City on or before the last day of the following March showing in detail the Adjusted Gross Receipts for the immediately preceding calendar year or partial calendar year and showing the computation of the Annual Payment for such immediately preceding calendar year or partial calendar year (the "Annual Statement"). In addition, the Developer shall submit to the City with the Annual Statement, any audits or other reports required to be submitted by the Developer to the Gaming Commission or prepared by or on behalf of the Gaming Commission and received by the Developer relating to Adjusted Gross Receipts or the computation thereof that constitute public records and records of any correction to Adjusted Gross Receipts made by the Developer and reported to the Gaming Commission. Each Annual Statement shall be prepared in accordance with generally accepted accounting principles, consistently applied, and in accordance with the requirements and definitions contained in this Agreement, and shall be certified by a principal financial officer of the Developer to be true, correct and complete. The City may, at any time on or before the later of three (3) years after the end of a calendar year or three (3) years after receipt of an Annual Statement and at the City's sole cost and expense, cause a comparison to be made of the Annual Statement to the forms, reports and information published or released by the Gaming Commission, including any corrections thereto, that relate to the payment of admission taxes or the calculation of Adjusted Gross Receipts. The Developer shall cooperate with the City and provide the City with copies of all such forms, reports and information that are nonconfidential or classified as public records. The City may cause such comparison to be made by such persons as the City may determine in its sole discretion. If such comparison shows that...
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Related to Accounting for Annual Payment

  • Accounting for Profits Employee covenants and agrees that if he shall violate any of his covenants or agreements under Article 2 hereof, Company shall be entitled to an accounting and repayment of all profits, compensation, commissions, remunerations or benefits which Employee directly or indirectly has realized and/or may realize as a result of, growing out of or in connection with any such violation; such remedy shall be in addition to and not in limitation of any injunctive relief or other rights or remedies to which Company is or may be entitled at law or in equity or under this Agreement.

  • Accounting for Purchases Account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than as sales of the Receivables and Related Rights by such Originator to the Company.

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  • 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.

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  • Fiscal Year; Accounting In the case of the Borrower, cause its fiscal year to end on December 31.

  • Annual Accounting Landlord shall maintain true, correct and complete records of the Operating Expenses and Tax Expenses in accordance with sound accounting practices. Within ninety (90) days after the close of each calendar year subsequent to the Base Year, or as soon after such ninety (90) day period as practicable, but in any event within one hundred eighty (180) days after the close of each such calendar year, Landlord shall deliver to Tenant a statement of the Additional Rent payable under Paragraphs 7.a. and 7.b. for such year. The statement shall be based on the results of an audit of the operations of the Building prepared for the applicable year by a nationally recognized certified public accounting firm selected by Landlord. Upon Tenant's request made no later than ninety (90) days after receipt of Landlord's annual statement, Landlord shall promptly deliver to Tenant a copy of the auditor's statement on which Landlord's annual statement is based, and such other information regarding the annual statement as may be reasonably requested by Tenant to ascertain Landlord's compliance with this Paragraph 7. At Landlord's option, Landlord may deliver such auditor's statement to Tenant together with Landlord's annual statement, or otherwise deliver such auditor's statement to Tenant prior to Tenant's request therefor. Landlord's annual statement shall be final and binding upon Landlord and Tenant (except for revisions to take into account any subsequent reassessment affecting the calculation of Tax Expenses included in such statement, which revisions shall be made if at all, within one hundred eighty (180) days after the close of the calendar year in which Landlord receives the revised tax bill) unless, within sixty (60) days after Tenant's receipt thereof ox Xxnant's receipt of any such revisions due to a reassessment or Tenant's receipt of any correction thereof by Landlord pursuant to the following provisions, as applicable), Tenant shall contest or Landlord shall correct any item therein by giving written notice to the other, specifying each item contested or corrected, respectively, and the reason therefor. If the annual statement shows that Tenant's payments of Additional Rent for such calendar year pursuant to Paragraph 7.e. hereof exceeded Tenant's obligations for the calendar year, Landlord shall at its option either (1) credit the excess to the next succeeding installments of rent or (2) pay the excess to Tenant within thirty (30) days after delivery of such statement. If the annual statement shows that Tenant's payments of Additional Rent for such calendar year pursuant to Paragraph 7.e. hereof were less than Tenant's obligation for the calendar year, Tenant shall pay the deficiency to Landlord within thirty (30) days after delivery of such statement.

  • 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.

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

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