Financial Management, Financial Reports and Audits. 1. The Participating Bank shall maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect the operations and financial condition of the Participating Bank, including the operations, resources and expenditures related to its Respective Part of the Project.
Appears in 5 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Financial Management, Financial Reports and Audits. 1. The Participating Bank Recipient shall maintain a financial management system and prepare financial statements (“Financial Statements”) in accordance with consistently applied accounting standards acceptable to the Association, both in a manner adequate to reflect the operations and financial condition of the Participating Bank, including the operations, resources and expenditures related to its Respective Part the Project in accordance with the provisions of Section 4.09 of the ProjectGeneral Conditions.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement
