Financial Sample Clauses
The Financial clause outlines the terms and conditions related to monetary matters within an agreement. It typically specifies payment obligations, invoicing procedures, timelines for payments, and any applicable interest or penalties for late payments. This clause ensures that both parties clearly understand their financial responsibilities, reducing the risk of disputes over payments and promoting smooth financial transactions throughout the contractual relationship.
POPULAR SAMPLE Copied 3 times
Financial. 5.1 Community Council funds shall be used only for the benefit of the Métis citizens who are represented by the Community Council. Expenditures shall be consistent with the financial ability of the Community Council and may include, but are not limited to:
a) the purpose of assisting Métis citizens of the MNO;
b) salaries, offices or administration;
c) obligations arising from agreements entered into for the benefit of the Métis citizens represented by the MNO;
d) other activities that fall within the purposes of the MNO as stated in the Statement of Purpose (Appendix A).
5.2 The Community Council and any of its committees, subsidiaries, institutions or other entities shall;
a) have a fiscal end of March 31st;
b) keep its financial records in accordance with generally accepted accounting procedures;
c) cause an annual financial statement of its books and records and funds to be created within 90 days of the end of the fiscal year;
d) within 30 days of its completion, submit the financial statement to the Secretariat;
e) within 30 days of its completion, provide on request, the financial statement to its citizens.
5.3 In the event that a copy of the annual financial statement is not submitted, pursuant to paragraph 5.2(d), the Secretariat may cause an audit to be made, at the expense of the Community Council.
Financial. Factors associated with the Subrecipient’s financial stability and ability to comply with financial requirements of the Federal Award.
Financial. Contractor shall provide all financial information requested on Contractor’s Annual Budget attached hereto and incorporated herein by reference as Appendix E and the Contractor’s Semi-Annual Budget Expenditures Report provided by the Board and attached hereto and incorporated herein by reference as Appendix F.
Financial services panelists shall: (a) have expertise or experience in financial services law or practice, which may include the regulation of financial institutions; (b) be chosen strictly on the basis of objectivity, reliability, and sound judgment; (c) be independent of, and not be affiliated with or take instructions from, a disputing Party; and (d) comply with the code of conduct to be established by the Joint Commission. 4. Notwithstanding Article 23.17 (Non-Implementation and Compensation), where a panel finds a measure to be inconsistent with this Agreement and the measure under dispute affects: (a) only the financial services sector, the complaining Party may suspend benefits only in the financial services sector; (b) the financial services sector and any other sector, the complaining Party may suspend benefits in the financial services sector that have an effect equivalent to the effect of the measure in the Party's financial services sector; or (c) only a sector other than the financial services sector, the complaining Party shall not suspend benefits in the financial services sector.
Financial. ENROLLMENT, CONTRACTING, SERVICE TRACKING, ATTENDANCE REPORTING, AND BILLING PROCEDURES
Financial. 10.4.1 The Accounting Principles are in accordance with applicable laws and regulations and generally accepted accounting principles, and have been consistently applied by the Acquired Companies during the current and the three preceding financial years except for the adoption of K3 which was adopted in the Accounts for financial years 2014 and 2013.
10.4.2 The Accounts have been prepared in accordance with the Accounting Principles and present a true and fair view (Sw. rättvisande bild) of the assets, liabilities, financial position and result of each Acquired Company, respectively, and Seller’s Group as a whole on the Accounts Date and of the profits or losses and cash flows for the periods concerned.
10.4.3 The Pro Forma Accounts are in all material aspects correct, have been prepared in accordance with the Accounting Principles in a way in all material respects consistent with the preparation of the Accounts, and do not materially misstate the assets, liabilities, financial position and result of each Acquired Company, respectively, and the Acquired Companies as a whole on the Pro Forma Accounts Date and of the profits or losses for the period concerned.
10.4.4 There are no inquiries or investigations pending or, to Seller’s Knowledge, threatened regarding any accounting practices of Seller which relate to the Acquired Companies.
10.4.5 No conditional shareholders’ contribution which has not been fully repaid or converted to an unconditional shareholders’ contribution has been given or received by any Acquired Company during the present or the 3 preceding financial years.
10.4.6 Except as disclosed in Schedule 10.4.6, all receivables reflected on the Pro Forma Accounts are current and, to Seller’s Knowledge, the debtors to whom the receivables relate are not in or subject to a bankruptcy or insolvency proceeding and none of the receivables have been made subject to an assignment for the benefit of creditors. No Acquired Company has factored any of its receivables.
10.4.7 Except as disclosed in Schedule 10.4.6 and except for any receivables which have been waived, cancelled, settled or set-off, in full or in part, by Buyers or any Acquired Company after Closing, all receivables will realize their full value net of any allowance, provision or reserve as included in the Pro Forma Accounts within 150 days after the Closing Date in the normal course of collection consistent with past practices.
10.4.8 None of the Acquired Companies has borrowed any money or...
Financial. CONSULTANTS shall be paid for services as set forth in Exhibit A. The fees to be paid shall be paid with shares of registered S-8 shares of Common Stock of Maximum Dynamics, Inc. and shall be priced at a twenty percent (20%) discount to today's bid of $0.185 per share. The number of shares and issued to each CONSULTANT as payment for services is set forth in Exhibit A.
Financial. (1) An employee taking a sabbatical leave shall post a fidelity bond equal to the sum of the sabbatical stipend. At the time the employee returns to the District and the employer has signed a contract for the next school year he/she shall post a bond for one-half (½) of the sabbatical stipend. No bond will be required at the beginning of his/her second year of re-employment with the District.
(2) In the event an employee on sabbatical leave fails to return to service in the District at the end of the leave the stipend received shall be repaid to the District immediately either in full through the bond, personal check or cash.
(3) The potential stipend repayment obligation shall be canceled upon the immediate return of the employee to the District in the following manner:
(a) One-half (½) of the potential stipend repayment obligation shall be canceled after the first year's service to the District.
(b) The remaining one-half (½) of the potential stipend repayment obligation shall be canceled after the second year of service.
(4) Should an employee be unable to return to the District, due to a physical or mental disability any repayment obligation will be suspended until the employee is again fit and able to return to his/her assignment in the District.
Financial. (a) Calculate unit values on business days of the separate account.
(b) Place trades with corresponding Trust funds and settle such trades as defined in the Participation Agreement.
(c) Prepare Separate Account semiannual and annual reports .
Financial. The Project Funding Recipient will cause proper and adequate books of records and accounting to be kept showing complete and correct entries of all receipts, disbursements and other transactions relating to the project. The Project Funding Recipient shall retain all invoices, bills, or other acceptable documentation of grant expenditures for eight years after the project is completed and the Department has closed the grant agreement. The Department may grant the Project Funding Recipient permission to destroy these records prior to the eight-year termination. The Project Funding Recipient agrees that the Department or the Legislative Audit Division or Legislative Fiscal Division may, at any reasonable time, audit all records, reports, and other documents, which the Project Funding Recipient maintains under or in the course of this agreement to ensure compliance with this agreement. In addition, the Department may require, with reasonable cause and notice, the Project Funding Recipient to submit to an audit by a Certified Public Accountant or other person acceptable to the Department, paid for by the Project Funding Recipient. The Project Funding Recipient shall submit a claim setting forth the project budgets, disbursements and balances for the Department funds, and matching funding. Indirect costs will not be paid. This information shall be submitted each time a claim for payment is made. The Project Funding Recipient shall immediately notify the Department if the matching funding specified in the agreement is reduced, eliminated, or lost. Such loss of funding may result in modifications or termination of this agreement. Pursuant to the sections entitled "Termination", the Department may terminate this agreement upon any refusal of the Project Funding Recipient to allow access to records necessary for the Legislative Auditor or Legislative Fiscal Division, to carry out the legislative audit or analysis functions set forth in Title 5, Chapter 12 and 13, MCA, or for the Department or its designee to conduct its own audit. In the event this agreement is terminated for such failures, the Project Funding Recipient, at the option of the Department, shall return to the Department all funds previously awarded the Project Funding Recipient and all results of the project to date. If the project is audited by another federal or state agency, the audit may meet the conditions of this agreement.