Common use of ACCOUNTING AND OTHER INFORMATION Clause in Contracts

ACCOUNTING AND OTHER INFORMATION. 9.1 The parties shall procure that the JVC shall at all times maintain accurate and complete accounting and other financial records including ail corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom. 9.2 Each party and its authorised representatives shall be allowed access at all reasonable times to examine the books and records of the JVC and to discuss the JVC’s affairs with its directors and senior management. 9.3 The parties shall procure that the JVC shall supply each party with the financial and other information necessary to keep the party informed about how effectively the Business is performing and in particular shall supply each party with: (a) a copy of each year’s Business Plan for approval in accordance with clause 8.3; (b) a copy of the audited accounts of the JVC prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within 9 months of the end of the year to which the audited accounts relate; and (c) monthly management accounts of the JVC to be supplied within 45 days of the end of the month to which they relate and the accounts shall include a profit and loss account, a balance sheet and a cashflow statement and such other information as each party may reasonably require. 9.4 The parties shall procure that the JVC shall, as soon as possible, comply with any request made by a party, to provide any documents, information and correspondence necessary (at the cost of the party making the request) to enable the relevant party to comply with filing, elections, returns or any other requirements of NM Revenue & Customs or of any other revenue or tax authority.

ACCOUNTING AND OTHER INFORMATION. 9.1 The parties shall procure that the JVC shall at all times maintain accurate and complete accounting and other financial records including ail all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom. 9.2 Each party and its authorised representatives shall be allowed access at all reasonable times to examine the books and records of the JVC and to discuss the JVC’s 's affairs with its directors and senior management. 9.3 The parties shall procure that the JVC shall supply each party upon written request with the financial and other information necessary to keep the party informed about how effectively the Business is performing and in particular shall supply each party with: (a) a copy of each year’s Business Plan for approval in accordance with clause 8.3; (b) 9.3.1 a copy of the audited accounts of the JVC prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within 9 three months of the end of the year to which the audited accounts relate; and (c) monthly management 9.3.2 quarterly accounts of the JVC to be supplied within 45 days of the end of the month to reasonable time, which they relate and the accounts shall include a profit and loss account, a balance sheet and a cashflow statement and such other information as each party may reasonably require. 9.4 The parties shall procure that the JVC shall, as soon as possible, comply with any request made by a party, to provide any documents, information and correspondence necessary (at the cost of the party making the request) to enable the relevant party to comply with filing, elections, returns or any other requirements of NM HM Revenue & Customs or of any other revenue or tax authority.