Interim Accounting Sample Clauses

Interim Accounting. The General Partner may cause the books of account of the Partnership to be closed on an interim basis, when it deems such closing necessary or appropriate under the circumstances, including but not limited to a transfer of a Partnership Interest causing a termination of the Partnership for tax purposes.
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Interim Accounting. An interim accounting and adjustment shall be carried out by the Seller and a statement (the "INTERIM ACCOUNTING STATEMENT") shall be prepared and delivered by the Seller to the Purchaser at least three Business Days prior to the Closing Date based on the Seller's good faith estimate of all adjustments to be made to the Purchase Price as of the Effective Time. The Purchase Price shall be adjusted on the Closing Date to reflect the adjustments provided for in the Interim Accounting Statement. At its initiative or upon the reasonable request of the Seller, the Purchaser agrees to provide subsequent Interim Accounting Statement(s) after the Closing Date and before the Final Accounting Statement is provided, and the Seller and the Purchaser agree to make all reasonable efforts to agree upon these subsequent interim adjustments and to provide for the prompt payment of same, together with interest thereon at the Prime Rate from and including the Closing Date to but excluding the date of payment.
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Interim Accounting. The Tax Matters Member may cause the books of account of the Company to be closed on an interim basis when the Board deems such closing necessary or appropriate under the circumstances, including a transfer of Units causing a termination of the Company for tax purposes.
Sample 1Sample 2
Interim Accounting. A Majority in Interest of the Partners may cause the books of account of all Partnership to be closed on an interim basis, when a Majority in Interest of the Partners deems such closing necessary or appropriate under the circumstances, including but not limited to a transfer of a Unit causing a termination of the Partnership for tax purposes.
Sample 1Sample 2
Interim Accounting. At least 2 Business Days prior to the Closing Date, EMCLP shall provide to the Participant an interim accounting of EMCLP’s good faith estimate of the apportionment of the BR Benefits and Obligations (the “BR Interim Accounting”) and of the SD Benefits and Obligations (the “SD Interim Accounting”), together with reasonable supporting information. The BR Interim Accounting and the SD Interim Accounting shall be calculated by EMCLP in accordance with the agreed apportionment rules in Section 2.5(1) or Section 2.5(2), as applicable. On Closing, the Participant shall pay to EMCLP or EMCLP shall pay to the Participant, as applicable, the amount shown on the BR Interim Accounting and the amount shown on the SD Interim Accounting as owing by or to the Participant.
Sample 1
Interim Accounting. 6.4.1.1 On the 5th of the first month of each calendar quarter, commencing from the date of signing of the first agreement for the sale of an apartment between the Housing Company and a buyer of an apartment, an interim accounting will be done in relation to the Additional Consideration in respect of the proceeds of the sales that have been received by the Purchaser in the preceding quarter (hereinafter: “the Interim Accounting”). The Interim Accounting will be carried out with respect to each and every apartment the proceeds in respect of which were paid in the preceding quarter in a manner whereby the average selling price per sq.m. for each apartment will be determined on a basis of the total proceeds of the sales which were received in respect thereof in the preceding quarter (hereinafter: “Proceeds of the Quarter”) where same is divided by “the partial sale area”.
Sample 1

Related to Interim Accounting

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C. The method and requirements for reporting and remitting premiums are outlined in Exhibit F. The Reinsurer reserves the right to charge interest on overdue premiums. The interest will be calculated according to the terms and conditions specified in Exhibit C.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • Other Accounting Reports Promptly upon receipt thereof, a copy of each other report or letter submitted to the Borrower or any of its Subsidiaries by independent accountants in connection with any annual, interim or special audit made by them of the books of the Borrower or any such Subsidiary, and a copy of any response by the Borrower or any such Subsidiary, or the Board of Directors of the Borrower or any such Subsidiary, to such letter or report.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • No Accounting Except to the extent required by the 1940 Act or under circumstances which would justify his removal for cause, no person ceasing to be a Trustee as a result of his death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

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