Cash Method Sample Clauses
The Cash Method clause defines that income and expenses are recognized when cash is actually received or paid, rather than when they are incurred or earned. In practice, this means that a party records revenue only upon receiving payment and records expenses only when they are paid out, regardless of when the underlying transaction occurs. This approach simplifies accounting by aligning financial records with actual cash flow, helping to avoid timing discrepancies and making it easier to track available funds.
Cash Method. The accounting books and records of the Company shall be kept on a cash or accrual basis, as may from time to time be determined by the Manager.
Cash Method. Optionee may exercise the Option by written notice to the Company stating (i) that the Option is being exercised pursuant to the "Cash Method," and (ii) the number of Option Shares desired to be purchased, accompanied or followed by cash, wire transfer, check, or money order in an amount equal to the aggregate Purchase Price of the Option Shares being purchased (i.e., the number of Option Shares exercised multiplied by the Purchase Price).