Books and Records of Accounts Sample Clauses

Books and Records of Accounts. Immediately prior to or simultaneous with the Second Closing, Seller and Company will zero out all credits and debits of all Company accounts and invoices and, to the extent requested in writing by the Purchaser at least ten (10) days prior to the Second Closing, transfer such Company accounts into the name of Purchaser or its designee effective as of the Second Closing Date and assign any contracts associated with the running and management of the Company that are in the Seller’s name to the Purchaser or its designee, effective as of the Second Closing Date; provided, that the completion of such transfers and assignments shall not be a condition of either Closing.
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Books and Records of Accounts. MBI shall keep and maintain the books and records relating to the Ice Rink in accordance with (i) sound business practice; (ii) generally accepted accounting principles; (iii) applicable law; (iv) information as City may require; and (v) in formats as City may require. The books and records relating the Ice Rink and their operation shall be kept on site. MBI is aware that these books and records may be public records as well as documents used in the course of this Agreement. MBI shall make such documents available during the course of this Agreement and copies of same shall be turned over to City at the conclusion of this Agreement.
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Books and Records of Accounts. YMCA shall keep and maintain the books and records relating to the Aquatic Center in accordance with (i) sound business practice; (ii) generally accepted accounting principles; (iii) relevant provisions of any Indenture; (iv) applicable law; (v) information as City may require; and (vi) in formats as may be required by the Auditor of State for the State of Ohio. The books and records relating the Aquatic Center and their operation shall be kept on site. YMCA is aware that these books and records may be public records in accordance with Ohio Revised Code Section 149.43 and that City is subject to the Ohio Public Records Act. Documents used in the course of this Agreement may be subject to the Ohio Public Records law and Retention Requirements. To the extent such documents are subject to said law, YMCA shall make such documents available during the course of this Agreement and copies of same shall be turned over to City at the conclusion of this Agreement.
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Books and Records of Accounts. Company shall keep and maintain the books and records relating to the Facilities in accordance with (i) sound business practice; (ii) generally accepted accounting principles; (iii) relevant provisions of any Indenture; (iv) applicable law; (v) information as the Owner may require; and (vi) in formats as may be required by the Auditor of State for the State of Ohio. The books and records relating the Facilities and their operation shall be kept on site. The Company is aware that these books and records may be public records in accordance with Ohio Revised Code Section 149.43. Company understands that Owner is subject to the Ohio Public Records Act. Documents used in the course of this Agreement may be subject to the Ohio Public Records law and Retention Requirements. To the extent such documents are subject to said law, Company shall make such documents available during the course of this Agreement and copies of same shall be turned over to the Owner at the conclusion of this Agreement.
Sample 1

Related to Books and Records of Accounts

  • Books and Records of Account The Company shall maintain adequate books and records of account that shall be maintained on the accrual method of accounting. All of the books of account of the Company shall at all times be maintained at the principal office of the Company, or at such other place or places as may be designated by the Member or an officer of the Company.

  • Books of Account and Records Proper and complete records and books of account shall be kept or shall be caused to be kept by the Board of Directors or such representatives as it may appoint in which shall be entered fully and accurately all transactions and other matters relating to the Company’s business in such detail and completeness as is customary and usual for businesses of the type engaged in by the Company. The books and records shall at all times be maintained at the principal executive office of the Company.

  • Accounting, Books and Records The books and records of the Company shall be kept, and the financial position and the results of its operations recorded, in accordance with GAAP. The books and records shall reflect all Company transactions and shall be appropriate and adequate for the Company’s business. The Company shall maintain at its principal place of business: (i) a current list of the full name and last known address of each Member and Assignee set forth in alphabetical order, together with the Capital Contributions, Capital Account and Units of each Member and Assignee; (ii) the full name and address of each Director; (iii) a copy of the Articles and any and all amendments thereto, together with executed copies of any powers of attorney pursuant to which the Articles or any amendments thereto have been executed; (iv) copies of the Company’s federal, state and local income tax and information returns and reports, if any, for the six (6) most recent taxable years; (v) a copy of this Agreement and any and all amendments hereto, together with executed copies of any powers of attorney pursuant to which this Agreement or any amendments hereto have been executed; and (vi) copies of the financial statements of the Company, if any, for the six (6) most recent Fiscal Years. The Company shall use the accrual method of accounting in the preparation of its financial reports and for tax purposes and shall keep its books and records accordingly.

  • Books and Records (a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Subsidiary, as the case may be.

  • Keeping Books and Records The Borrower will maintain, and will cause each Subsidiary to maintain, proper books of record and account in which full, true, and correct entries in conformity with GAAP shall be made of all dealings and transactions in relation to its business and activities.

  • Records and Books of Account The records and books of account of the Company reflect all material items of income and expense and all material assets, liabilities and accruals, have been, and to the Closing Date will be, regularly kept and maintained in conformity with GAAP applied on a consistent basis with preceding years.

  • Books and Records; Accountants (a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Loan Parties or such Subsidiary, as the case may be; and (ii) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Loan Parties or such Subsidiary, as the case may be.

  • Books of Accounts The LLC shall maintain proper books of account, which shall comply with all applicable federal income tax regulation and with generally accepted accounting practices as applicable to limited liability companies.

  • Books and Records; Audits Licensee shall prepare and maintain, in such manner as will allow its accountants to audit same in accordance with generally accepted accounting principles, complete and accurate books of account and records (specifically including without limitation the originals or copies of documents supporting entries in the books of account) in which accurate entries will be made covering all transactions, including advertising expenditures, arising out of or relating to this Agreement. Licensee shall keep separate general ledger accounts for such matters that do not include matters or sales related to this Agreement. Licensor and its duly authorized representatives shall have the right, for the duration of this Agreement and for one (1) year thereafter, during regular business hours and upon seven (7) business days advance notice (unless a shorter period is appropriate in the circumstances), to audit said books of account and records and examine all other documents and material in the possession or under the control of Licensee with respect to the subject matter and the terms of this Agreement, including, without limitation, invoices, credits and shipping documents, and to make copies of any and all of the above. All such books of account, records, documents and materials shall be kept available by Licensee for at least two (2) years after the end of the Annual Period to which they relate. If, as a result of any audit of Licensee's books and records, it is shown that Licensee's payments were less than the amount which should have been paid by an amount equal to * or more of the payments actually made with respect to sales occurring during the period in question, Licensee shall reimburse Licensor for the cost of such audit and shall make all payments required to be made to eliminate any discrepancy revealed by said audit within ten (10) days after Licensor's demand therefore.

  • Books and Records Reports (a) The Trustees shall keep a certified copy or duplicate original of this Trust Agreement on file at the office of the Trust and the office of the Administrator available for inspection at all reasonable times during its usual business hours by any Holder. The Trustees shall keep proper books of record and account for all the transactions under this Trust Agreement at the office of the Trust and the office of the Administrator, and such books and records shall be open to inspection by any Holder at all reasonable times during usual business hours. The Trustees shall retain all books and records in compliance with Section 31 of the Investment Company Act and the rules and regulations thereunder.

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