Financial System Sample Clauses

Financial System. GRANTEE shall establish and maintain a system of financial record keeping which complies with applicable laws, rules and regulations, and with generally accepted accounting principles relevant to entities receiving federal funds. GRANTEE shall maintain financial records adequate to show that funds paid under the AGREEMENT were used for purposes consistent with the terms of the AGREEMENT.
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Financial System. 13.1.1 The Company’s chief financial officer is responsible for the Company’s financial management. The chief financial officer shall report to the Board and the general manager.
Financial System. No fees for the FoodNet Meta-cluster partners and associated members are foreseen up to the end of the FoodNet project (15th December 2019). Until this date each Partner intends to bear its own costs and expenditures that might be incurred in the course of implementing this agreement in terms of particular action or activity which will be initiated within the FoodNet, besides possible funding made available under the FoodNet project funding. As of 16th December 2019 the economic resources of the FoodNet Meta-cluster foreseen for the development of the aims and activities will be private contributions of all the partners and the attainment of public resources. Private:
Financial System. 13.1.1 The Company's chief financial officer is responsible for the Company's financial management. The chief financial officer shall report to the Board and the general manager. 13.1.2 The Company’s general manager and chief financial officer shall formulate the financial accounting system and procedures of the Company in accordance with relevant Laws of China, Chinese Accounting Standards, and the business and financial procedures and requirements of Investor A and ChipMOS BVI. The accounting system and procedures to be adopted by the Company shall be submitted to the Board for approval. Upon approval of the Board, the Company shall submit the financial accounting system and procedures of the Company to the relevant departments for record (if necessary). 13.1.3 The Company shall use RMB as its currency for bookkeeping. 13.1.4 All accounting records, vouchers, books and statements of the Company shall be prepared and maintained in Chinese. The Parties shall have the right to inspect the Company's accounts within the scope permitted by Company Law of China (the Company's accounts shall be kept at the Company's principal place of business), and Investor A or ChipMOS BVI may, at its costs, employ an external auditor to audit the Company's accounts. 13.1.5 If a foreign currency conversion is required for the purposes of preparing the Company's accounts and statements, the dividends declared to be distributed to the Parties and for other purposes, it shall be calculated on the basis of the averages of the buying and selling rates published by the People's Bank of China at the date of actual payment and collection. (Translation, for reference only) Unimos Microelectronics (Shanghai) Co., Ltd. AMENDED AND RESTATED AGREEMENT FOR SINO-FOREIGN EQUITY JOINT VENTURE 13.2 AuditingThe Company shall employ an independent accounting firm registered in China as the Company's Auditor (the "Auditor") to inspect and verify the Company's annual financial statements, financial reports at the time of liquidation and any other financial documents required by the Board.
Financial System. 25.1 Subject to the provisions of the present Convention, the State guarantees, for the duration of the present Convention, to BHP, the limited liability company and their affiliates and sub-contractors :
Financial System. One of the most applauded policies during the nineties, and one of the reasons Chile was hurt less by the Asian crisis was the ‘encaje’. This is a reserve requirement of a year imposed by the Central Bank to increase the cost of bringing short term capital into the country. It is therefore a mechanism to deter short term capital volatility. In periods of high capital flow the encaje reached levels of 30%, whereas in periods of scarce capital it has fallen to 0%. Since 1998, the Central Bank has maintained this level. But with the Agreement the reserve is eliminated, with an exceptionality in moments of crisis. However, this is pointless, since the idea behind the reserve is to use it in times of abundance of capital flows thus avoiding them coming in rather than going out. Though today there is no need for the reserve32, renouncing the possibility of applying one is extremely risky and affects the ability of a an autonomous economic policy33
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Financial System. No fees for the GEN.ERA Meta-cluster partners and associated members are foreseen up to the end of the GEN.ERA project (30th August 2022). Until this date, each Partner intends to bear its own costs and expenditures that might be incurred in the course of implementing this agreement in terms of particular action or activity which will be initiated within the GEN.ERA, besides possible funding made available under the GEN.ERA project funding. As of 1st of September 2022, the economic resources of the GEN.ERA Meta-cluster foreseen for the development of the aims and activities might be private contributions or/and the attainment of public resources depending on the will of each partner to pursue GEN.ERA actions beyond this date in a long-term cooperation Agenda. Private:
Financial System. (1) The financial system of the Federal Republic of Germany shall be extended to the territory specified in Article 3 unless otherwise provided in this Treaty.
Financial System. 30.1 The Company shall establish a complete financial system in accordance with the relevant laws and regulations in China.
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