Accounting Unit Sample Clauses

Accounting Unit. The currency of accounts of the Company shall be Renminbi. When foreign currency transactions take place, the foreign currency amount will be converted into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place. TSEC JV Contract amended in August 18, 2017 33
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Accounting Unit. The currency of accounts of the Company shall be determined by the Board of Directors of the Company. When foreign currency transactions take place, the foreign currency amount will be translated into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place.
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Accounting Unit. Fin R 5.1 The Accounting Unit adopted by the Conference, for the purposes of the Agreement establishing the Conference, shall be the EURO and will henceforth be viewed as equivalent to the Accounting Unit defined in the Agreement as 0.88867088 gram of fine gold. 22 Fin R 5.2 The EURO shall be used in establishing the size of contributions, the indicative schemes for the realization of programmes, the provisional estimates of expenditure and the annual budgets, and more generally in all official documents bearing upon the Conference’s income and expenditure.
Sample 1
Accounting Unit. The currency of accounts of the Company shall be determined by the Board of Directors of the Company. When foreign currency transactions take place, the foreign currency amount will be translated into the reporting currency for recording purposes. Any increase or decrease in the balance of accounts relating to foreign currency transactions shall be translated into the currency of account in accordance with the official Foreign Exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place or, with respect to financial statements prepared in accordance with U.S. GAAP, as may otherwise be required by U.S. GAAP.
Sample 1
Accounting Unit. All accounts of a Client, no matter from which legal relationship, form an accounting unit and may be offset against each other as far as this is legally possible. The Client only may offset against the bank's claims, if his claims have been established undisputed or by a court of law. The bank may within its relationship to the Client offset payments made by a customer, which are received after the cancellation of a credit line established for this customer, against accounts receivable purchased from the same customer, regardless of the instructions for allocation by the customers, provided that regarding the account receivable against which the payment should be offset no extended property rights in favor of a supplier were agreed upon. The same applies to the bank's claims against the Client resulting from the guarantee according to No. 5 of the Factoring Agreement together with No. 4 of these Additional Terms of Business for Factoring as well as for credit notes issued by the Client and for possible returns from utilizations.
Sample 1
Accounting Unit. The accounting unit of the Association, as defined in Paragraph 9.2 of the Agreement shall be used to draw up the annual budgets and accounts, it shall also be used in all documents relating to the finances of the Association. ESTABLISHMENT OF THE BUDGET
Sample 1

Related to Accounting Unit

  • Accounting Fee Each Restaurant shall pay to the General Partner or its designee a fee (“Accounting Fee”) in consideration for the accounting services provided by the General Partner or its designee to the Restaurant. The initial Accounting Fee shall be established by the Company and shall be either a flat fee per Restaurant or a specified percentage of each Restaurant’s gross sales, as the Company deems appropriate in its reasonable discretion. The Accounting Fee shall be reviewed on a monthly basis by the Company and may be increased or decreased by the Company from time to time in accordance with the Company’s criteria for establishing such fees for company owned restaurants.

  • 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.

  • Accounting Valuations and Books and Records 7.1 Accounting and Reports...........................................24 7.2 Determinations by the Board of Managers..........................25 7.3

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting and Fiscal Year Subject to Section 448 of the Code, the books of the Company shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the Management Committee. The Fiscal Year of the Company shall be the calendar year.

  • Accounting Fees The charges and expenses of the independent accountants retained by the Trust;

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Tax Accounting Except for Tax Returns described in paragraph 9 of Part 3 of this Exhibit A, Provider shall prepare, or cause to be prepared, all Tax Returns of the Company in accordance with Sections 7.5 and 7.6 of the LLC Agreement. Part 2: SCOPE OF ADMINISTRATIVE SERVICES

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