Accounting Standard Sample Clauses

Accounting Standard. The term
Accounting Standard it refers to the currently effective accounting standard which conforms to the Chinese laws and is universally accepted within China.
Accounting Standard. Custodian shall keep accurate, complete and detailed accounts of all investments, receipts, disbursements, and other transactions under or relating to this Agreement. Custodian shall provide trade-date accounting with full accruals for assets according to Generally Accepted Accounting Principles. Each Fund Account and Manager Sub-Account shall be accounted for separately. Accounting by Manager. Custodian shall provide separate accounting for each Manager Sub-Account, and consolidated accounts as directed by the Treasurer’s Office or a State Fund Administrative Entity.
Accounting Standard. For purposes of determining Percentage Rent and the preparation of all financial statements required to be delivered to Landlord under this Lease, Adjusted Gross Revenues shall be determined on an accrual basis in accordance with GAAP (the “Accounting Standard”). The Accounting Standard shall be consistently applied during the Term and shall be used for the preparation and maintenance by all books and records required to be maintained by or on behalf of Tenant under the terms of this Lease.

Related to Accounting Standard

  • Accounting Standards The Subrecipient agrees to comply with 24 CFR 84.21-28 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.

  • Operating Standards MP will ensure that the Affiliated MP Site ------------------- complies in all material respects and at all times with the standards set forth in Exhibit E within a commercially reasonable amount of --------- time. To the extent operating site standards are not established in Exhibit E with respect to any aspect or portion of the Affiliated MP --------- Site (or the Products or other Content contained therein), MP will provide such aspect or portion of operating standards which meets or exceeds prevailing standards in the online grocery industry. In the event AOL determines that MP has failed to comply with the material technical requirements of this Section 2.8 AOL will have the right (in addition to any other remedies available to AOL hereunder), after providing MP with advance notice, to decrease the promotion it provides to MP hereunder until such time as MP corrects its non- compliance (and in such event, if such failure to comply shall last for more than five (5) days, AOL will be relieved of the proportionate amount of any promotional commitment made to MP by AOL hereunder corresponding to such decrease in promotion) and any revenue threshold(s) set forth in Section 4 will each be adjusted proportionately to correspond to such decrease in promotion during the period of non-compliance. MP may invoke the dispute resolution procedures of Section 7 in the event that it reasonably believes that the Affiliated MP Site meets the applicable standards, AOL has acted unjustly, or AOL has adversely affected MP's rights hereunder. AOL shall not be permitted to decrease the promotion for MP's failure to comply with the requirements of Section 1 of Exhibit E, if MP has invoked the dispute resolution procedures of Section 7.

  • 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.

  • 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.

  • 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 Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Accounting Practice Except as otherwise provided herein, all Mortgage Loan account records must be maintained according to (a) the Uniform Single Attestation Program for Mortgage Bankers and (b) where applicable, sound and generally accepted accounting practices.

  • Licensing Standards The Contractor, its employees and subcontractors shall comply with all applicable licensing standards, certification standards, accrediting standards and any other laws, rules, or regulations governing services to be provided by the Contractor pursuant to this Contract. The State will not pay the Contractor for any services performed when the Contractor, its employees or subcontractors are not in compliance with such applicable standards, laws, rules, or regulations. If any license, certification or accreditation expires or is revoked, or any disciplinary action is taken against an applicable license, certification, or accreditation, the Contractor shall notify the State immediately and the State, at its option, may immediately terminate this Contract.

  • 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 Practices All matters concerning this FuturesAccess Fund’s accounting practices shall be determined by the Sponsor on a fair and equitable basis, and all such determinations shall be final and conclusive as to all Investors. However, the Sponsor shall be under no obligation whatsoever to make any deviations from the allocations set forth in this Article II. In reporting Net Asset Values to Investors and third parties on an interim basis, the Sponsor shall be entitled to accrue fees and payments due at the end of a period as if such fees or payments were due (on a pro rata basis, if appropriate) as of the end of an interim period within such period.