Annual Profit and Loss Statement Sample Clauses

Annual Profit and Loss Statement. The Concessionaire will provide an Annual Profit and Loss Statement to the Department in the form attached as Exhibit F. The statement will include the results of the Concessionaire’s operations for each calendar year or portion thereof. The statement will be delivered to, or sent so it is received by, the Park Manager no later than April 30th of the succeeding calendar year, or within 90 days of the expiration or termination of this Agreement, whichever is sooner.
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Annual Profit and Loss Statement. On or before March 3l of each Fiscal Year or Fractional Year, Operator shall submit to Owner an "Annual Profit and Loss Statement" for the Hotel audited by the Independent Auditor. The Annual Profit and Loss Statement shall be prepared in accordance with the Uniform System of Accounts, on the accrual basis in accordance with generally accepted principles of accounting applicable to the operation of hotels (except as this Agreement may otherwise provide), and shall set forth the profit or loss of the operation of Hotel (including for this purpose the Rental Program) for the prior Fiscal Year or Fractional Year. If Owner questions any of the amounts for any period as shown by the Annual Profit and Loss Statement, or the computations used in determining the same, and if Operator and Owner are unable to agree thereon, then the matter in dispute shall be submitted for a binding decision to a Certified Public Accountant selected by the parties hereto. If Operator and Owner shall be unable to agree on the selection of a Certified Public Accountant for this purpose within thirty (30) days after their failure to agree upon Owner's questions, the matter shall be
Sample 1
Annual Profit and Loss Statement. On or before January 31st of ----- ---------------------------------- each Fiscal Year or Fractional Year, Operator shall provide an "Annual Profit and Loss Statement" for the Resort for delivery to the Independent Auditor. The Annual Profit and Loss Statement shall be prepared in accordance with the Uniform System of Accounts, on the accrual basis in accordance with generally accepted principles of accounting applicable to the operation of resorts (except as this Agreement may otherwise provide), and shall set forth the profit or loss of the operation of Resort (including for this purpose the Rental Program) for the prior Fiscal Year or Fractional Year. If Master Manager questions any of the amounts for any period as shown by the Annual Profit and Loss Statement, or the computations used in determining the same, and if Operator and Master Manager are unable to agree thereon, then the matter in dispute shall be submitted for a binding decision to a Certified Public Accountant selected by the parties hereto. If Operator and Master Manager are unable to agree on the selection of a Certified Public Accountant for this purpose within thirty (30) days after their failure to agree upon such questions, the matter shall be referred to arbitration pursuant to the provisions of ARTICLE XV hereof. ---------- Notwithstanding anything contained herein to the contrary, Master Manager shall be conclusively deemed to have accepted the said accounts and the accuracy thereof as shown in any Annual Profit and Loss Statement, and the computations used in determining the same, unless, within sixty (60) days after the receipt of any such Annual Profit and Loss Statement, Master Manager notifies Operator that Master Manager questions the amount of such items shown thereon or the computations used therein and specifies the items or other computations in issue.
Sample 1

Related to Annual Profit and Loss Statement

  • Profit and Loss Subject to Section 5.1(d) hereof, Profit and Loss occurring on any day during the Fiscal Year shall be allocated to the Holders' Book Capital Accounts at the end of such day in proportion to the Holders' respective Book Capital Account balances at the commencement of such day.

  • Monthly Statement The Contractor shall submit a statement to the Engineer at the end of each month, in a tabulated form approved by the Engineer, showing the amounts to which the Contractor considers himself to be entitled. The statement shall include the following items, as applicable; - the value of the Permanent Work executed up to the end of previous month - such an amount (not exceeding 75 percent of the value) as the Engineer may consider proper on account of materials for permanent work delivered by the Contractor in the site - such amount as the Engineer may consider fair and reasonable for any Temporary Works for which separate amounts are provided in the Bill of Quantities - adjustments under Clause 70 - any amount to be withheld under retention provisions of Sub-clause 60.3 - any other sum to which the Contractor may be entitled under the Contract If the Engineer disagrees with or cannot verify any part of the statement, the Contractor shall submit such further information as the Engineer may reasonably require and shall make such changes and corrections in the statement as may be directed by the Engineer. In cases where there is difference in opinion as to the value of any item, the Engineer’s view shall prevail.

  • Earnings Statement The Company will make generally available to its security holders as soon as practicable, but in any event not later than 15 months after the end of the Company’s current fiscal quarter, an earnings statement covering a 12-month period that satisfies the provisions of Section 11(a) and Rule 158 of the Securities Act.

  • Monthly Statements Each month we will send you a statement showing purchases, cash advances, payments, and credits made to your Account during the billing cycle, as well as your “New Balance”, any Finance Charge and any late charges. Your statement also will identify the minimum monthly payment you must make for that billing period and the date it is due. You agree to retain for statement verification copies of transaction slips resulting from each purchase, each advance, and other transactions on your Account. Unless you notify us of a billing error in accordance with the section entitled “Your Billing Rights”, you accept your monthly statement as an accurate statement of your Account with us.

  • Annual Statement The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under this Agreement.

  • Allocation of Profit and Loss Article V, Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

  • Earnings Statements As soon as practicable, the Company will make generally available to its security holders and to the Manager an earnings statement or statements of the Company and its Subsidiaries which will satisfy the provisions of Section 11(a) of the Act and Rule 158. For the avoidance of doubt, the Company’s compliance with the reporting requirements of the Exchange Act shall be deemed to satisfy the requirements of this Section 4(d).

  • Financial Year End The financial year end of the Company may be determined by resolution of the Board and failing such resolution shall be 31st December in each year. AUDITS

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • 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.

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