Audit Statement Sample Clauses
Audit Statement. Within 60 days after the end of the Third Base Year, the Participant must provide to the Commonwealth an Audit Statement verifying:
(a) the Actual Expenditure in respect of the Third Base Year; and
(b) that the expenditure reported as Actual Expenditure in respect of the Third Base Year is Eligible Expenditure and has been spent on the Portfolio.
Audit Statement. 10 3.4 Final Adjustment of the Purchase Price.........................................................11 3.5
Audit Statement. The Vendor shall cooperate fully and provide all reasonable assistance in the preparation of the Audit Statement after the Closing Date.
Audit Statement. 25 9.1.3 Consents, etc..........................................................................25 9.1.4 Delivery of Books and Records..........................................................26 9.1.5 Delivery of Non-Competition and Non-Solicitation Agreement.............................26 9.1.6 Arrangements re Cheques................................................................26 9.1.7 Social Service Tax Act (British Columbia) Certificate..................................26 9.1.8 Subleases..............................................................................26
Audit Statement. As soon as reasonably practicable following the Closing, the Vendor and the Purchaser shall jointly instruct KPMG LLP to review the Inventories referred to in Section 2.1(b) and the Fixed Assets, audit the accounts receivable of the Imaging Division Business, including the accounts receivable referred to in Section 2.1(c), and prepare an audit statement (the "Audit Statement") on or before September 30, 2000, setting out:
(a) the aggregate accounts receivable of the Imaging Division Business accrued or invoiced, or both, as at August 9, 2000 (the "August 9 - A/R");
(b) the aggregate accounts receivable of the Imaging Division Business accrued or invoiced, or both, as at the Effective Date (the "Effective Date A/R");
(c) the aggregate accounts receivable of the Imaging Division accrued or invoiced, or both (excluding the August 9 - A/R and the Effective Date A/R), as at the Time of Closing (the "Interim A/R");
(d) the aggregate proceeds realized by the Vendor from the Interim A/R (the "Interim A/R Realization");
(e) the aggregate amount receivable in respect of all individual accounts receivable accrued or invoiced, or both, as at the Effective Date (the "Doubtful A/R") determined to be doubtful by KPMG LLP in accordance with generally accepted accounting principles; and
(f) the results of the review of the Inventories and Fixed Assets by KPMG LLP. The Vendor and the Purchaser agree that all expenses relating to the foregoing audit and review by KPMG LLP, including professional fees, shall be borne by the Vendor, and that the scope of the review of the Inventories and Fixed Assets shall be mutually agreed upon by the parties upon the engagement of KPMG LLP but shall include, without limitation, verifying that the Inventories and Fixed Assets have not been recently re-valued and that accounting principles have been applied consistently in the valuation of the Inventories and the Fixed Assets.