Common use of STATEMENTS; REPORTS Clause in Contracts

STATEMENTS; REPORTS. (a) Service Provider shall establish and maintain a record of all transactions relating to Deposits, any returns of Deposits (at the request of TRQ under Clause 3.4(a) or by Service Provider under Clause 3.6) and interest credited and paid to TRQ, in each case, to the US dollar bank account maintained by Service Provider, details of which account are set out in Schedule 1 (the “Service Provider Account”). Service Provider shall ensure that the Service Provider Account shows: (i) the date and amount of each Deposit made by TRQ under this Agreement; (ii) the date and amount of each return of Deposit made by it to TRQ under this Agreement; and (iii) the amount of interest in respect of each daily closing balance, the date on which interest is paid and the amount of each such payment. (b) The balance of money owing to TRQ at any time shown by the Service Provider Account and each entry shown in the Service Provider Account shall, in the absence of manifest error, be conclusive evidence of such. (c) Service Provider shall provide to TRQ a monthly statement of movements on the Service Provider Account no later than five Business Days after the end of each calendar month.