Accounting Unit Sample Clauses
Accounting Unit. The currency of accounts of the Company shall be determined by the Board of Directors of the Company. When foreign currency transactions take place, the foreign currency amount will be translated into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place.
Accounting Unit. The currency of accounts of the Company shall be Renminbi. When foreign currency transactions take place, the foreign currency amount will be converted into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place. TSEC JV Contract amended in August 18, 2017 33
Accounting Unit. Fin R 5.1 The Accounting Unit adopted by the Conference, for the purposes of the Agreement establishing the Conference, shall be the EURO and will henceforth be viewed as equivalent to the Accounting Unit defined in the Agreement as 0.88867088 gram of fine gold.
Accounting Unit. All accounts of a Client, no matter from which legal relationship, form an accounting unit and may be offset against each other as far as this is legally possible. The Client only may offset against the bank's claims, if his claims have been established undisputed or by a court of law. The bank may within its relationship to the Client offset payments made by a customer, which are received after the cancellation of a credit line established for this customer, against accounts receivable purchased from the same customer, regardless of the instructions for allocation by the customers, provided that regarding the account receivable against which the payment should be offset no extended property rights in favor of a supplier were agreed upon. The same applies to the bank's claims against the Client resulting from the guarantee according to No. 5 of the Factoring Agreement together with No. 4 of these Additional Terms of Business for Factoring as well as for credit notes issued by the Client and for possible returns from utilizations.
Accounting Unit. The currency of accounts of the Company shall be determined by the Board of Directors of the Company. When foreign currency transactions take place, the foreign currency amount will be translated into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place or, with respect to financial statements prepared in accordance with U.S. GAAP, as may otherwise be required by U.S. GAAP.
Accounting Unit. The accounting unit of the Association, as defined in Paragraph 9.2 of the Agreement shall be used to draw up the annual budgets and accounts, it shall also be used in all documents relating to the finances of the Association.