Financial Affairs Sample Clauses

Financial Affairs. 1. To manage your financial affairs and not to be required to deposit personal funds with the facility. 2. To have the facility hold, safeguard, manage, and account for your personal funds, when deposited with the facility upon your written authorization, in the following manner: (a) To have funds in excess of $50 if the resident is on Medi-Cal and in excess if $100 if the resident is on Medicare deposited in an interest-bearing account that is separate from the facility's operating funds and that credits earned interest to you. (b) To have funds that do not exceed the thresholds described in Section D.2 above deposited in an account or xxxxx cash that may or may not bear interest. (c) To have the facility maintain and establish a system that assures full, complete and separate accounting, according to generally accepted accounting principles, of your personal funds entrusted to the facility, without commingling your funds with those of the facility or anyone except another resident. (d) To have available to you or your legal representative on request quarterly statements of your individual financial record. (e) If you are a Medicaid beneficiary, to be notified when your account reaches $200 less than the SSI resource limit for one person, and notified that if the account plus your other non-exempt assets reaches the resource limit, you may lose eligibility for Medicaid or SSI.

Financial Affairs. Resident financial affairs are handled so as to respect residents’ rights and dignity while meeting the IVH need for complete and timely information regarding support charges.

Financial Affairs. Employees shall so arrange their personal financial affairs that creditors and collection agencies will not have to make use of the offices of the Personnel Officer, the Department Directors, nor the Finance Manager, for the purpose of making collections.

Financial Affairs. Provider must conduct its financial affairs in a manner consistent with prudent fiscal management. Records of its transactions shall be maintained in conformity with generally accepted accounting principles, and with BCBSM billing, reporting and reimbursement policies and procedures.

Financial Affairs. Employees shall arrange their personal financial affairs so that creditor and collection agencies do not call on City offices in making collections. Except as otherwise provided by law, e.g., Government Code Section 3308, failure of an employee to meet his just obligations shall be grounds for disciplinary action.

Financial Affairs. 5.1 Unless the contrary is agreed in writing signed by all of the Members the Members shall during membership of the Group share equally expenses and all income from all sources received in connection with Group activities. 5.2 The Group will be responsible for paying any permanent employees or independent contractors used for and in the Group’s business. 5.3 Each Member shall be personally responsible for all income tax and national insurance contributions due on his share of Group income 5.5 If for any reason and at any time any Member is required to pay towards the satisfaction of any liability of the Group more than his proper proportionate share thereof he will be entitled to claim as a debt from all of the other Members their pro-rata contribution to such excess payments.

Financial Affairs. Liquidation Procedure for when the Joint Venture will terminate. 8. Others. CHAPTER 12: ADDENDUM

Financial Affairs. Schedule 3.5 contains Overflow’s current balance sheet along with the most recent financial statement prepared for it.

Financial Affairs. The Company’s balance sheet, as at December 31, 2003, and the trial balance of the Company as at January 25, 2005, are attached to this agreement, and marked as Appendix 2.10.

Financial Affairs. 14.1 The fiscal year of the Company shall start from April 1st and close on March 31st. The first fiscal year shall start from the date of the Establishment Date. All accounts and statements shall be written both in English and Chinese, both of which versions shall be equally authentic. 14.2 The Company shall handle its accounting affairs in compliance with applicable laws and regulations of the PRC. To the maximum extent permitted by such laws and regulations, the Company shall adopt generally accepted international accounting principles. 14.3 The Company shall open both Renminbi and foreign currency accounts with one (1) or more banks legal established in the PRC. 14.4 The Company shall adopt accrual basis of accounting and the debit and credit methods for bookkeeping, and shall adopt the Renminbi as its account-keeeping unit. The conversion between Renminbi and other currencies shall be in accordance with the exchange rate on the day of conversion published by the People's Bank of China. 14.5 After closing date of each fiscal year, the General Manager shall supervise the preparation of the previous year's balance sheet, profit and loss statement, cash flows statement and profit distribution and loss treatment statements. After they have been examined and signed by an auditor set forth in Article 14.8, no later than thirty (30) days after the end of each fiscal year, these statements shall be submitted to the Board of Directors for examination and approval, and to each Party. Such audited financial statements furnished to Party B shall be accompanied with an English translation. 14.6 All matters concerning foreign exchange shall be handled according to the Regulations for Exchange Control of the PRC and other relevant laws and regulations of the PRC. 14.7 Each Party shall have the right to access to all accounting books and records of the Company at its own expenses to examine the accounts of the Company, provided that such Party shall give the Company a seven (7) day period written notice. The Company shall keep all of such books and records at its headquarters during the term of its corporate existence. 14.8 The accounts of the Company shall be audited at least annually by an auditor (hereinafter referred to as the "Auditor") who shall be an internationally recognized accounting firm registered in the PRC and shall be appointed by the Board of Directors upon nomination by both Parties, at the expense of the Company. 14.9 Each Party may, at its own expe...