ACCOUNTING FOR TRANSACTIONS Sample Clauses

ACCOUNTING FOR TRANSACTIONS. (a) You authorise NAB to open such accounts as NAB requires reasonably determines as necessary in connection with a Facility.
Sample 1Sample 2
AutoNDA by SimpleDocs
ACCOUNTING FOR TRANSACTIONS. 4.1 All accounting transactions relating to the ESCP will be recorded in the Host Employer’s Financial System.
Sample 1
ACCOUNTING FOR TRANSACTIONS. This transaction will be accounted for as a purchase transaction.
Sample 1
ACCOUNTING FOR TRANSACTIONS. (a) The Borrower irrevocably authorises the Bank to open such accounts as the Bank requires in connection with a Facility.
Sample 1
ACCOUNTING FOR TRANSACTIONS except to the extent that this occurs:
Sample 1
ACCOUNTING FOR TRANSACTIONS. Contract notes and corporate actions
Sample 1
ACCOUNTING FOR TRANSACTIONS. (See Part 8.21, schedule duty 8) The agent must maintain records of his expenses against, and transactions with, the sequestration estate. The agent must account for his transactions at intervals coinciding with the dates for lodgement of the statutory transactions. Statements of account must be presented in the form provided in Annex G to these Notes, either in the turnkey format or, in any other format that has the Accountant’s prior approval. In certain circumstances the Accountant will also need to see the agent’s correspondence files etc, together with a statement of time and trouble. Generally, they will be required when the time expended by the agent is 25 hours or over in relation to any one accounting period. While these will be specifically requested, agents may wish to include them with their statements of account to avoid delays. The first statement of account must be submitted within 2 weeks of the expiry of 12 months from the date of sequestration. Thereafter statements of accounts must be submitted within 2 weeks of each anniversary of the date of sequestration, as follows: First and possible final account: on expiry of first 12 months from date of award of sequestration A formal determination in terms of section 52(2A) will be issued to the agent along with the letter of authority to act as trustee on behalf of the Accountant. Both of these should be entered in the sederunt book. Agents’ attention is drawn to Part 5.2 of the Notes for Guidance. If in the opinion of the agent an accounting period should be varied, he must submit an application using the form at Appendix B2 to the Notes at least 2 weeks before the end of the statutory accounting period. Agents are encouraged to vary the second and third accounting periods where there are few or no transactions. A completed Annex K1 should accompany the Appendix B2 where the Agent wishes re-imbursement of fees and outlays albeit that the accounting period is being varied. These will be subject to revision when an account is subsequently submitted. Net receipts, that is after deduction of any expenses or outlays relative to the transaction but not including agent’s remuneration ingathered from the realisation of assets and / or any IPA/IPO payments from the debtor etc, should be placed in an interest-bearing bank account. Balances and interest accrued must be remitted to the Accountant using the remittance form at Annex H whenever a statement of account is lodged. Small balances (£5.00 and unde...
Sample 1
AutoNDA by SimpleDocs
ACCOUNTING FOR TRANSACTIONS. 6.1. We will account to you for any transaction we have executed for you by sending you a contract note or ETC. If you have a preferred method of confirmation, please tell us and in the absence of your specific instructions, we will account to you by using a contract note. If you do not wish to receive a contract note or ETC you must notify us in writing.
Sample 1

Related to ACCOUNTING FOR TRANSACTIONS

  • 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.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Accounting for Profits Employee covenants and agrees that if he violates the provisions of Sections 7, 9, 11, or 12 the Company shall be entitled to an accounting and repayment of all profits, compensation, commissions, remuneration or other benefits that Employee has realized and/or may realize as a result of or in connection with any such violation. These remedies shall be in addition and not in limitation of any injunctive relief or other rights or remedies to which the Company is or may be entitled at law, in equity or under this Agreement.

  • Accounting Provisions Unless otherwise expressly provided herein, all references in this Agreement to GAAP shall mean GAAP as in effect on the date of this Agreement as published by the Financial Accounting Standards Board. All accounting terms used in this Agreement and not defined expressly, completely or specifically herein shall have the respective meanings given to them, and shall be construed, in accordance with GAAP. All financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in accordance with GAAP applied in a manner consistent with that used to prepare the most recent audited consolidated financial statements of the Borrower and its Subsidiaries. All financial or accounting calculations or determinations required pursuant to this Agreement shall be made, and all references to the financial statements of the Borrower, Adjusted EBITDA, Senior Secured Debt, Total Debt, Interest Expense, Consolidated Total Assets and other such financial terms shall be deemed to refer to such items, unless otherwise expressly provided herein, on a consolidated basis for the Borrower and its Subsidiaries. Notwithstanding the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the financial statements of the Borrower for the fiscal year ended December 31, 2018 for all purposes, notwithstanding any change in GAAP relating thereto, including with respect to Accounting Standards Codification 842.

  • Certain Accounting Matters (a) At all times during the existence of the Trust, the Administrative Trustees shall keep, or cause to be kept at the principal office of the Trust in the United States, as defined for purposes of Treasury Regulations section 301.7701-7, full books of account, records and supporting documents, which shall reflect in reasonable detail each transaction of the Trust. The books of account shall be maintained on the accrual method of accounting, in accordance with generally accepted accounting principles, consistently applied.

  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. 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 Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company 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 Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Accounting Decisions All decisions as to accounting principles, except as specifically provided to the contrary herein, shall be made by the General Partner.

  • Accounting Terms and Calculations Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP. To the extent any change in GAAP affects any computation or determination required to be made pursuant to this Agreement, such computation or determination shall be made as if such change in GAAP had not occurred unless the Borrower and the Bank agree in writing on an adjustment to such computation or determination to account for such change in GAAP.

  • Accounting Terms; GAAP; Pro Forma Calculations (a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting Standards Codification 000-00-00 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

Time is Money Join Law Insider Premium to draft better contracts faster.