Accounting for Changes Sample Clauses

Accounting for Changes. During the construction of the Work, Landlord will cause to be submitted to Tenant and Tenant's Consultant monthly progress reports prepared by General Contractor, and approved by the Base Building Architect and the Leasehold Improvement Architect as to the Building Work and the Leasehold Improvements Work, respectively, specifying any change in the estimated date of Substantial Completion, and showing the progress of the Work, and, as to those items for which the cost is the responsibility of Tenant, the amount of estimated costs and/or savings attributable to any approved changes or delay of any kind including Tenant Delay. Landlord will submit to Tenant such accounts, records, invoices, and evidences of payment as Tenant may reasonably request to evidence the costs or savings as to those items for which the cost is the responsibility of Tenant or for which the savings will benefit Tenant. Within 30 days after Substantial Completion, an analysis will be completed to determine the sum total of additional charges due to Landlord (after crediting savings and, to the extent applicable, the Allowance Amount) by reason solely of Tenant's Building Changes or Tenant Delay. If an amount is due to Landlord after crediting savings and, to the extent applicable, the Allowance Amount, and after submission to and approval by Tenant of such accounts, records, invoices, and evidence of payments as Tenant may reasonably request, such amount (plus interest accrued thereon at an agreed rate of the then “prime rate” as published in The Wall Street Journal plus 2% interest per annum from the date of Landlord's payment), to the extent not added to the Base Rent as provided in Section 5.2 of this Addendum, will be paid in cash by Tenant to Landlord within 30 days after the analysis and determination have been completed. Tenant will be obligated to pay the fees (including, but not limited to, the fees of the Base Building Architect, the Leasehold Improvement Architect, and other professionals engaged and utilized by the Landlord), expenses, and charges of Landlord and all contractors, subcontractors, suppliers, materialmen, and laborers to the extent, but only to the extent, that such fees, expenses, and charges are directly or indirectly incurred as a result of Tenant's Building Changes or Tenant Delay and, to the extent the same relate to the Leasehold Improvements, only to the extent the same cause the Leasehold Improvement Cost to exceed the Allowance Amount.
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Accounting for Changes. During the performance of the Work, Landlord will cause to be submitted to Tenant and Tenant's Consultant monthly progress reports prepared by Construction Contractor as to the Work, specifying any change in the estimated date of Substantial Completion, and showing the progress of the Work, and, as to those items for which the cost is the responsibility of Tenant, the amount of estimated costs and/or savings attributable to any approved changes under Section 3.1 and Section 3.2 or delay of any kind including Tenant Delay. Landlord will submit to Tenant such accounts, records, invoices, and evidences of payment as Tenant may reasonably request to evidence the costs or savings as to those items for which the cost is the responsibility of Tenant or for which the savings will benefit Tenant. All changes will be submitted on a lump sum basis. Approval of proposed changes shall be in accordance with Sections 3.1 and 3.2. Landlord will cause Contractor to track all changes weekly and summarize changes in a monthly report, which shall be delivered to Tenant upon receipt by Landlord. Tenant will be obligated to pay the fees (including, but not limited to, the fees of any professionals engaged and utilized by Landlord), expenses, and charges of Landlord and all contractors, subcontractors, suppliers, materialmen, and laborers to the extent, but only to the extent, that such fees, expenses, and charges are directly incurred as a result of Tenant's Changes or Tenant Delay.

Related to Accounting for Changes

  • Certain Accounting Changes Change its Fiscal Year end, or make any change in its accounting treatment and reporting practices except as required by GAAP.

  • 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.

  • Critical Accounting Policies The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Time of Sale Prospectus and the Prospectus accurately and fairly describes (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult subjective or complex judgment; (ii) the material judgments and uncertainties affecting the application of critical accounting policies and estimates; (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof; (iv) all material trends, demands, commitments and events known to the Company, and uncertainties, and the potential effects thereof, that the Company believes would materially affect its liquidity and are reasonably likely to occur; and (v) all off-balance sheet commitments and arrangements of the Company and its Controlled Entities, if any. The Company’s directors and management have reviewed and agreed with the selection, application and disclosure of the Company’s critical accounting policies as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and have consulted with its independent accountants with regards to such disclosure.

  • CONSISTENT CHANGES The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above.

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting Compliance Participant agrees that, if a merger, reorganization, liquidation or other “transaction” as defined in Section 14 of the Plan occurs and Participant is an “affiliate” of the Company or any Affiliate (as defined in applicable legal and accounting principles) at the time of such transaction, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance.

  • Accounting Changes; Fiscal Year No Group Member shall change its (a) accounting treatment or reporting practices, except as required by GAAP or any Requirement of Law, or (b) its fiscal year or its method for determining fiscal quarters or fiscal months.

  • Accounting Matters If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

  • Accounting Policies There has been no change in accounting policies or practices of the Company or the Material Subsidiaries since December 31, 2015.

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