Required Accounting Clause Samples
Required Accounting. Practices - the accounting rules and regulations, if any, at the time prescribed by the Governmental Authorities under the jurisdiction of which the Company or any of its Subsidiaries is at the time operating and, to the extent of matters not covered by such rules and regulations, generally accepted accounting principles as practiced in the United States at the time prevailing for companies engaged in a business similar to that of the Company. SE Member – introductory paragraph. SEP Member – introductory paragraph. Securities Act – the Securities Act of 1933.
Required Accounting. Within 120 days after the end of each Operating Year (or such later date as may be mutually agreed upon by Corporation and Manager), Manager shall furnish to Corporation and Trustee (a) a procedures letter from one or more independent public accountants, substantially in the form attached hereto as Exhibit X (the "Annual Independent Accounting" or the "Report"); and (b) a certificate from a senior officer of Manager, substantially in the form attached hereto as Exhibit X-1, to the effect that based on the Report and such other reasonable inquiry taken by Manager in the ordinary course of business, Manager has not received any Direct or Indirect Profit from the subject calendar year as a result of the Group Services Fees and Charges. Manager shall indemnify and hold harmless Corporation and the Trustee in its individual capacity and as Trustee for the benefit of the Bondholders from and against any and all damages, expenses, liabilities or obligations that arise out of Manager receiving any Direct or Indirect Profit described in this Section 2.23.
Required Accounting. ▇▇▇▇▇▇▇ agrees that it shall provide to the State accounting for all Grant Money received by the Grantee as required by the terms of the grant or, if not expressly provided, the following accounting, at least annually and no later than 60 days after all of the Grant Money is spent:
a. a written description and an itemized report detailing the expenditure of the Grant Money or the intended expenditure of any Grant Money that has not been spent; and
b. a final written itemized report when all the Grant Money is spent.