Accounting and Valuations Books and Records Clause Samples

The 'Accounting and Valuations; Books and Records' clause establishes the requirements for maintaining accurate financial records and conducting regular valuations related to the agreement. It typically obligates one or both parties to keep detailed books and records of all relevant transactions and to perform periodic assessments of assets or obligations as specified in the contract. This clause ensures transparency and accountability by providing a clear framework for financial reporting and record-keeping, thereby reducing the risk of disputes over financial matters.
Accounting and Valuations Books and Records. 47 Section 7.1 Accounting and Reports 47 Section 7.2 Valuation of Partnership Assets and Interests 48 Section 7.3 Determinations by the General Partner 50 Section 7.4 Books and Records; Register 50 Section 7.5 Greenlight Re or GRIL Board Meeting 51 ARTICLE VIII GENERAL PROVISIONS 51 Section 8.1 Amendment of Agreement 51 Section 8.2 Special Power of Attorney 51 Section 8.3 Notices 52 Section 8.4 Agreement Binding Upon Successors and Assigns 54 Section 8.5 Governing Law; Jurisdiction 54 Section 8.6 Not for Benefit of Third Parties 54 Section 8.7 Consents 55 Section 8.8 Miscellaneous 55 Section 8.9 Entire Agreement 55 Exhibit 4.1(c)-1 Greenlight Re Guidelines E-1 Exhibit 4.1(c)-2 GRIL Guidelines E-2 Schedule 4.8(d) Authorized Persons S-1 SECOND AMENDED AND RESTATED EXEMPTED LIMITED PARTNERSHIP AGREEMENT (the “Agreement”) of Solasglas Investments, LP, dated January 7, 2021, among DME Advisors II, LLC, as General Partner, each Limited Partner and those Persons who will be admitted as limited partners as of the date hereof and hereafter are admitted as additional limited partners in accordance with this Agreement. Certain capitalized terms used herein are defined in Section 1.1 of this Agreement.
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Accounting and Valuations Books and Records 
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Related to Accounting and Valuations Books and Records

  • Accounting, Books and Records The books and records of the Company shall be kept, and the financial position and the results of its operations recorded, in accordance with GAAP. The books and records shall reflect all the Company transactions and shall be appropriate and adequate for the Company’s business. The Company shall maintain at its principal office all of the following: (i) A current list of the full name and last known business or residence address of each Member and Assignee set forth in alphabetical order, together with the Capital Contributions, Capital Account and Units of each Member and Assignee; (ii) The full name and business address of each Director; (iii) A copy of the Articles and any and all amendments thereto together with executed copies of any powers of attorney pursuant to which the Articles or any amendments thereto have been executed; (iv) Copies of the Company’s federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years; (v) A copy of this Agreement and any an all amendments thereto together with executed copies of any powers of attorney pursuant to which this Agreement or any amendments thereto have been executed; and (vi) Copies of the financial statements of the Company, if any, for the six most recent Fiscal Years. The Company shall use the accrual method of accounting in preparation of its financial reports and for tax purposes and shall keep its books and records accordingly.

  • Financial Statements; Books and Records (a) The Seller has made available to the Purchaser, and attached as Schedule 3.7 are, true, complete and correct copies of the following financial statements (collectively, the “Financial Statements”): (i) the audited combined financial statements of the Business for the fiscal year ended as of December 31, 2013 and the unaudited combined financial statements for the fiscal year ended December 31, 2012; and (ii) the unaudited condensed combined financial statements of the Business for the interim periods ended June 30, 2014 and June 30, 2013, including, in each case, the notes with respect thereto. (b) The Financial Statements: (i) have been prepared from, and are in accordance with, the books and records of the ELN Companies; (ii) have been prepared in accordance with IFRS consistently applied during the periods covered thereby (subject to, in the case of any interim financial statements, to normal and recurring year-end adjustments that are not expected to be material in amount or effect); and (iii) present fairly and accurately, in all material respects, the financial condition and results of operations of the Business as of the dates thereof or for the periods covered thereby. (c) The books and records of the ELN Companies that were used as source documentation for the preparation of the Financial Statements are and will be, as applicable, true and correct in all material respects, reflect or will reflect, as applicable, only actual, bona fide transactions and have been maintained in accordance with sound business practices and Applicable Law. The ELN Companies maintain a system of internal accounting controls sufficient to provide reasonable assurance that transactions are executed in accordance with management’s general or specific authorizations and recorded accurately in all material respects. The Seller has not received any notice of fraud that involves any Employee or that calls into question the effectiveness of the design and operation of the ELN Companies’ internal controls over accounting or financial reporting in any material way. (d) All accounts receivable reflected on the books and records of the Business have arisen from bona fide transactions in the Ordinary Course of Business, and are valid, genuine and fully collectible in the Ordinary Course of Business, subject only to any reserve that are included in the Financial Statements or that may be included in the calculation of the Final Closing Working Capital.

  • Accounting and Records The books and records of the Company shall be made and maintained, and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Managing Member. The books and records of the Company shall reflect all Company transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business.

  • Keeping Books and Records The Borrower will maintain, and will cause each Subsidiary to maintain, proper books of record and account in which full, true, and correct entries in conformity with GAAP shall be made of all dealings and transactions in relation to its business and activities.

  • Books and Records Accounting Tax Matters Describes general and administrative items and procedural aspects of handling certain of those items.