Audit Statement Sample Clauses

Audit Statement. Within 60 days after the end of the Third Base Year, the Participant must provide to the Commonwealth an Audit Statement verifying: (a) the Actual Expenditure in respect of the Third Base Year; and (b) that the expenditure reported as Actual Expenditure in respect of the Third Base Year is Eligible Expenditure and has been spent on the Portfolio.
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Audit Statement. 10 3.4 Final Adjustment of the Purchase Price.........................................................11 3.5
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Audit Statement. The Vendor shall cooperate fully and provide all reasonable assistance in the preparation of the Audit Statement after the Closing Date.
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Audit Statement. 25 9.1.3 Consents, etc..........................................................................25 9.1.4 Delivery of Books and Records..........................................................26 9.1.5 Delivery of Non-Competition and Non-Solicitation Agreement.............................26 9.1.6 Arrangements re Cheques................................................................26 9.1.7 Social Service Tax Act (British Columbia) Certificate..................................26 9.1.8 Subleases..............................................................................26
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Audit Statement. As soon as reasonably practicable following the Closing, the Vendor and the Purchaser shall jointly instruct KPMG LLP to review the Inventories referred to in Section 2.1(b) and the Fixed Assets, audit the accounts receivable of the Imaging Division Business, including the accounts receivable referred to in Section 2.1(c), and prepare an audit statement (the "Audit Statement") on or before September 30, 2000, setting out: (a) the aggregate accounts receivable of the Imaging Division Business accrued or invoiced, or both, as at August 9, 2000 (the "August 9 - A/R"); (b) the aggregate accounts receivable of the Imaging Division Business accrued or invoiced, or both, as at the Effective Date (the "Effective Date A/R"); (c) the aggregate accounts receivable of the Imaging Division accrued or invoiced, or both (excluding the August 9 - A/R and the Effective Date A/R), as at the Time of Closing (the "Interim A/R"); (d) the aggregate proceeds realized by the Vendor from the Interim A/R (the "Interim A/R Realization"); (e) the aggregate amount receivable in respect of all individual accounts receivable accrued or invoiced, or both, as at the Effective Date (the "Doubtful A/R") determined to be doubtful by KPMG LLP in accordance with generally accepted accounting principles; and (f) the results of the review of the Inventories and Fixed Assets by KPMG LLP. The Vendor and the Purchaser agree that all expenses relating to the foregoing audit and review by KPMG LLP, including professional fees, shall be borne by the Vendor, and that the scope of the review of the Inventories and Fixed Assets shall be mutually agreed upon by the parties upon the engagement of KPMG LLP but shall include, without limitation, verifying that the Inventories and Fixed Assets have not been recently re-valued and that accounting principles have been applied consistently in the valuation of the Inventories and the Fixed Assets.
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Related to Audit Statement

  • Financial Statement Audit If, during its fiscal year, Grantee expends less than $750,000 in Federal Awards, Grantee is subject to the following audit requirements: (i) If, during its fiscal year, Grantee expends $500,000 or more in Federal and state Awards, singularly or in any combination, from all sources, Grantee must have a financial statement audit conducted in accordance with the Generally Accepted Government Auditing Standards (GAGAS). Grantee may be subject to additional requirements in PART TWO, PART THREE or Exhibit G based on the Grantee’s risk profile. (ii) If, during its fiscal year, Grantee expends less than $500,000 in Federal and state Awards, singularly or in any combination, from all sources, but expends $300,000 or more in Federal and state Awards, singularly or in any combination, from all sources, Grantee must have a financial statement audit conducted in accordance with the Generally Accepted Auditing Standards (GAAS). (iii) If Grantee is a Local Education Agency (as defined in 34 CFR 77.1), Grantee shall have a financial statement audit conducted in accordance with GAGAS, as required by 23 Ill. Admin. Code 100.110, regardless of the dollar amount of expenditures of Federal and state Awards. (iv) If Grantee does not meet the requirements in subsections 15.3(b) and 15.3(c)(i- iii) but is required to have a financial statement audit conducted based on other regulatory requirements, Grantee must submit those audits for review. (v) Grantee must submit its financial statement audit report packet, as set forth in 44 Ill. Admin. Code 7000.90(h)(2) and the current GATA audit manual, to the Grantee Portal within the earlier of (i) 30 calendar days after receipt of the auditor’s report(s) or (ii) 6 months after the end of the Grantee’s audit period.

  • Account Statement Subscriber Account Statement will be updated on a periodic basis and can be accessed anytime on My Tata Sky. The Account Statement will contain details of the transactions made between the Subscriber and the Company in the previous month in connection with the Subscriber Account. Account Statements for the previous six months can be accessed by the Subscriber, free of cost, on My Tata Sky. Subscriber is solely responsible to ensure that the Subscriber has internet connection and/or necessary computer infrastructure to access and/or use My Tata Sky. Subscriber may request copies of the Account Statement for the previous month, which may be provided by the Company via e-mail to the registered email address. The Company reserves the right to charge additional amount for such additional services (such as material charge, visit charge, swap charge etc.) and debit the amount from the Subscriber Account, subject to Applicable Law, and the Subscriber hereby consents to the same. It shall be the responsibility of the Subscriber to ensure that the Company has the correct and latest email address.

  • 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.

  • Problem Statement School bus fleets are aging, and our communities have poor air quality. Replacing school buses with zero emission school buses will address both of these issues.

  • Closing Statement (a) In connection with the prorations required under SECTION 9.1, not later than 5 Business Days prior to the intended Closing Date, the Seller will use commercially reasonable efforts to have prepared a proforma of the accounting for the transaction that reflects the Seller’s good faith estimate of how items subject to proration will be accounted for by crediting or debiting appropriate accounts either pre or post Closing, respectively (the “Draft Closing Statement”). The Draft Closing Statement shall reflect the parties’ good faith estimate of all of the prorations, credits and/or other adjustments to be made at Closing. On the day prior to Closing, the Seller and the Buyer will use commercially reasonable efforts to conduct inventories, examinations and audits of the Asset as may be necessary to verify and/or make revisions to the Draft Closing Statement based on such audits, examinations and inventories, and on the night preceding the Closing immediately after the Cut-Off Time, the Seller and the Buyer will use commercially reasonable efforts to make all final adjustments necessitated by such nights’ operations and prepare a final closing statement of prorations and adjustments required under SECTION 9.1 with such supporting documentation as the parties hereto may reasonably require being attached thereto. The Buyer and the Seller acknowledge and agree that the completion of the Draft Closing Statement pursuant to this SECTION 9.2(a) shall not be a condition precedent to the obligation of the Buyer or the Seller to consummate the transactions pursuant to the terms of this Agreement. (b) If any items to be adjusted pursuant to this ARTICLE IX are not determinable at the Closing, or if any such adjustments made at the Closing prove to be incorrect, the adjustment shall be made subsequent to the Closing or corrected when the charge is finally determined. The Buyer shall deliver to the Seller no later than 60 days following the Closing Date (except with respect to any item which is not reasonably determinable within such time frame, as to which the time frame shall be extended until such item is reasonably determinable) a schedule of prorations setting forth the Buyer’s determination of prorations not determined at the Closing and any adjustments to the prorations made at Closing that it believes are necessary to complete the prorations as set forth in this ARTICLE IX. Any errors or omissions in computing adjustments or readjustments at the Closing or thereafter shall be promptly corrected or made, provided that the party seeking to correct such error or omission or to make such readjustment shall have notified the other party of such error or omission or readjustment on or prior to the date that is 30 days following the receipt from the other party of such other party’s proposed adjustment or readjustment. The party owing the other party any sum pursuant to any adjustment, or readjustment or correction under this ARTICLE IX shall pay such sum to the other party within 15 days after the same has been determined as set forth above.