Accounting Issues Sample Clauses

Accounting Issues. It is the duty of the responsible institution’s and partner institution’s project management to establish and maintain a reliable accounting set up for the project funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to the respective partners in case of audits.2 It is the responsibility of the responsible institution to comply with the accounts requirements and deadlines. The partner institution must submit to the responsible institution the annual accounts of the partner institution’s share of the budget signed by the partner institution’s project coordinator and accountant no later than [time indication].
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Accounting Issues. It is the duty of the ministry/institution having the Finance Manager role as well as co-applicants and partner stakeholders to establish and maintain a reliable accounting set up for the project funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to the respective partners in case of audits. It is the responsibility of [name] to comply with the accounts requirements and deadlines. The other Sig- natories must submit to [name] the annual accounts of their share of the budget signed by the accountant and of each Signatory no later than [time indication].
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Accounting Issues. 8.1.6.1. Past due invoices.
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Accounting Issues. It is the duty of the South university and Danish partner programme management to establish and maintain a reliable accounting set up for the programme funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to DFC and South university in case of audits. It is the responsibility of the South university to comply with the accounts requirements, hereunder ensuring an accounting manual, is in place as early as possible after the finalization of the Inception Report, and at the latest before the second disbursement to the South university. The manual must be updated yearly based on recommendations from the annual audit. The Danish partner must submit to the South university the bi-annual accounts of the Danish partner expenditures signed by the Danish BSU coordinator and Danish partner responsible accounting officer no later than March 1 and September 1.
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Accounting Issues. 7.1 The parties agree that the Financial Year of the Partnership shall be amended such that Effective Date shall be the last day of the current Financial Year of the Partnership, and AJJ and CGIL shall procure that the Partnership shall, as soon as practicable after the Effective Date, prepare Accounts of the Partnership for that Financial Year. 7.2 The parties hereby agree that, for the avoidance of doubt, CGIL shall be responsible for any losses of the Partnership which arise as a result of the transactions contemplated by this agreement which liability shall be deemed to have been discharged by the capital contribution in accordance with clause 3 of this Agreement. 8.
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Accounting Issues. On and after the Effective Date, to the satisfaction of Buyer, Sellers shall use their best efforts to cause LLC to implement the accounting issues outlined in Exhibit 12.4 hereof. If the parties are unable to agree on the appropriate accounting issues, the Independent Accountant (or another "Big 5" accounting firm replacing the Independent Accountant mutually agreed upon by the parties) shall determine the appropriate accounting issues.
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Accounting Issues. EESI shall have determined, in its ----------------- reasonable discretion, that the transactions contemplated by this Agreement shall qualify as a "pooling of interests" transaction as contemplated by Section 5.2.
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Accounting Issues. Sellers, in their reasonable discretion, ----------------- concur that the transactions contemplated by this Agreement shall qualify as a Section 368(a)(1)(B) reorganization under the Code as contemplated by Section 5.3 and shall qualify as a "pooling of interests" transaction as contemplated by Section 5.2.
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Accounting Issues. No later than 45 days following the end of MFF’s fiscal year in which a Marketing Allowance has been granted, Shadewell shall provide MFF with an accounting of the Marketing Allowance in form and content reasonably satisfactory to MFF, including a breakdown indicating a brief description of the types of Promotional Activities, the payees, and the amounts of Marketing Allowance expenditures related to each Activity. If required by MFF auditors or internal accounting department in connection with any audit of any Xxx. Xxxxxx entity within 45 days following its receipt of the accounting, MFF shall have the right, upon reasonable notice to Shadewell and during regular business hours, to review Shadewell’s records concerning the Marketing Allowance and Promotional Activities. If in MFF’s review it is determined that Shadewell has not spent an amount at least equal to the Marketing Allowance on Promotional Activities during the given year or period, or that Shadewell’s records do not provide adequate support that Shadewell has met its obligations under this paragraph, MFF shall send Shadewell an invoice in the amount of the discrepancy, and Shadewell shall remit the same to MFF within 30 business days of receipt, or, at Shadewell’s option, shall propose additional Promotional Activities acceptable to MFF and complete the same within 45 days to expend the remainder of the Marketing Allowance.
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Related to Accounting Issues

  • 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.

  • Financial Accounting Practices The Borrower shall, and shall cause each of its Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with management's general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • 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.

  • 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.

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Accounting Information Without limiting the generality of Section 7.01 but subject to Section 7.01(b):

  • 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.

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

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

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