Financial and Accounting Matters. SPC shall maintain Client’s general ledger, accounts receivable and accounts payable records, and fixed asset records and provide billing and collection services. SPC shall also prepare or cause to be prepared Client’s federal, state and local tax returns, and financial statements. SPC shall also provide, or cause to be provided, to Client payroll services, including assistance with regulatory compliance matters. SPC shall maintain all past accounting, tax and payroll records until such time as such records shall be disposed of in accordance with applicable legal requirements and SPC’s normal record disposal policies.
Financial and Accounting Matters. The Company will maintain a standard system of accounting, established and administered in accordance with GAAP consistently followed throughout the periods involved, and will set aside on its books for each fiscal quarter the proper amounts or accruals for depreciation, obsolescence, amortization, bad debts, current and deferred taxes, prepaid expenses, and for other purposes as shall be required by GAAP.
Financial and Accounting Matters. Assist Fund Accountant in creating financial statement preparation timelines and manage deadlines - Assist with preparation of annual and semi-annual financial statements; assist with preparation and filing of Fund annual and semi-annual reports - Review “shell” financial statements (prior year numbers, new disclosures, etc.) - Prepare management’s discussion of fund performance commentary - Coordinate review of MDFP Schedule of Investments with portfolio managers - Review final version of financial statements (“blue line”) prior to printing, mailing and SEC filing - Consult with the Fund’s officers, independent accountants, legal counsel, custodian, fund administrator and transfer agent in establishing the accounting policies of the Fund - Assist in the preparation, review and filing with the SEC of the Fund’s periodic financial reports on Form N-CSR, Form N-SAR, Form N-Q and Form 24F-2, and with the preparation and review of financial information required by Form N-1A, Form N-14, proxy/information statements, and such other reports, forms or filings as maybe mutually agreed upon - Prepare reports relating to the financial affairs of the Fund as may be mutually agreed upon and not otherwise prepared by the Fund’s investment adviser, custodian, Fund accountant, fund counsel or independent accountants - Coordinate with Fund accountant and independent accountants as necessary; monitor the performance of the independent accountants and make reports and recommendations to the Fund concerning the their performance
Financial and Accounting Matters. Seller has caused to be prepared and has furnished to Purchaser, and there are included in SCHEDULE 3.15 hereto, the unaudited balance sheet of the Company as at the end of the fiscal year ended December 31, 1996. and the unaudited statements of income and cash flows for such fiscal year (together, the "1996 FINANCIAL STATEMENTS"). Seller also has caused to be prepared and has furnished to Purchaser, and there are included in SCHEDULE 3.15 hereto, the unaudited balance sheet of the Company as at August 31, 1997, and the unaudited statements of income and cash flows for the eight (8) months then ended. Except as set forth on SCHEDULE 3.15, all the financial statements referred to in this SECTION 3.15 (i) have been prepared in accordance with the Books and Records of the Company, (ii) present fairly in all material respects the financial position of the Company as of the respective dates indicated and the results of operations and cash flows for the respective periods indicated and (iii) have been prepared in accordance with GAAP as consistently applied (except, as to such unaudited financial statements, for the absence of footnotes and subject to normal year-end audit adjustments). SCHEDULE 3.15 hereto sets forth all changes in accounting methods, principles and practices (for financial accounting purposes) made by the Company within the past three (3) years.
Financial and Accounting Matters. Purchaser has caused to be prepared and has furnished to Seller, and there are included in SCHEDULE 4.12 hereto, the unaudited consolidated balance sheet of Purchaser and its Subsidiaries as at the end of the fiscal year ended December 31, 1996, and the unaudited consolidated statements of income and cash flows for such fiscal year ("PURCHASER 1996 FINANCIAL STATEMENTS"). Purchaser also has caused to be prepared and has furnished to Seller, and there are included in SCHEDULE 4.12 hereto, the unaudited consolidated balance sheet of Purchaser and its Subsidiaries as at July 31, 1997, and the unaudited statements of income and cash flows for the seven (7) months then ended. All the financial statements, including the notes thereto, referred to in this SECTION 4.12 (i) have been prepared in accordance with the Books and Records of Purchaser, (ii) present fairly in all material respects the financial position of Purchaser and its Subsidiaries as of the respective dates indicated and the results of operations and cash flows for the respective periods indicated and (iii) have been prepared in accordance with GAAP as consistently applied (except, as to such unaudited financial statements, for the absence of footnotes and subject to normal year-end audit adjustments). SCHEDULE 4.12 hereto sets forth all changes in accounting methods, principles and practices (for financial accounting purposes) made by Purchaser or requested or required by Purchaser's auditors within the past three (3) years.
Financial and Accounting Matters. 29 14.1 Bank Accounts; Investments 29 14.2 Fiscal Year 29 14.3 Books and Records 29 14.4 Annual Audit 30 14.5 Special Basis Adjustment 30 14.6 Regulatory Reporting 31 14.7 Insurance 31
Financial and Accounting Matters. 3.3.1. Operator shall maintain, at a bank or banks designated by Operator, one or more bank accounts for the Business, which shall be held in Operator’s name (the “Operating Accounts”) until termination or expiration of this Agreement at which time Operator will assign all rights to and interest in the Operating Accounts to Manager. Until such assignment, the sole authorized signatories to the Operating Accounts shall be persons designated by Operator in its sole discretion. Operator shall deposit or cause to be deposited in the Operating Accounts all funds received from the operation of the Business and shall periodically, and in no event less than once every ten (10) business days, segregate and pay to Manager (as management fees in accordance with Section 5) all revenue generated by the Business from and after the Effective Date.
Financial and Accounting Matters. 44 13.1 Books and Records; Financial Year. . . . . . . . . . . . . . . . . . . . . . 44 13.2
Financial and Accounting Matters. 13 SECTION 3.13.
Financial and Accounting Matters. Seller has prepared and furnished to Cordis and Purchaser, and there are included in SCHEDULE 3.12 hereto, the unaudited balance sheet of Seller as at the end of the fiscal year ending March 31, 1995, and the unaudited operating statement for such fiscal year. Seller also has prepared and furnished to Cordis and Purchaser, and there are included in SCHEDULE 3.12 hereto, the unaudited balance sheets of Seller as at the end of each calendar month ending after March 31, 1995, and the unaudited operating statements for the respective months then ended. All the financial statements, including the notes thereto, if any, included in SCHEDULE 3.12 (i) are complete and correct in all material respects and have been prepared in accordance with the Books and Records of Seller, (ii) present fairly the financial position of Seller as of the respective dates and the results of operations for the respective periods indicated and (iii) have been prepared in a consistent manner in accordance with the usual internal accounting practices of Seller. SCHEDULE 3.12 hereto sets forth all changes in accounting methods (for financial accounting purposes) at any time made, agreed to, requested or required with respect to Seller.
