Contractor to Maintain Certain Books and Records Sample Clauses

This clause requires the contractor to keep specific books and records related to the work performed under the contract. Typically, it outlines the types of records to be maintained, such as financial documents, invoices, and timesheets, and may specify the duration for which these records must be retained. The core purpose of this clause is to ensure transparency and accountability, enabling the client to verify compliance and audit the contractor’s performance if necessary.
Contractor to Maintain Certain Books and Records. Contractor shall maintain in a true and accurate manner and in accordance with GAAP, such accounts, books, records and data as would reasonably be expected to be examined by an independent certified public accountant in performing an audit or examination of Contractor’s revenue and expenses in accordance with GAAP and with generally accepted auditing standards.
View SourceView Similar (19)
Contractor to Maintain Certain Books and Records. The Contractor shall maintain such books and records in accordance with Generally Accepted Accounting Principles and as would normally be examined by an independent certified public accountant in performing an audit of the Contractor's Gross Receipts in accordance with Generally Accepted Auditing Standards. Such books or records shall contain records of all the Contractor's Gross Receipts in connection with its operations on the Premises in a form consistent with good accounting practice and shall contain itemized records of all Gross Receipts by such categories of sales as are specified in Section 5.02 above (or such other categories as the Authority may require from time to time) and of all other receipts derived by the Contractor from its operations on the Premises. This includes business records relating to customer transactions, complete and detailed records of all rental transactions, as well as the general ledger for all contract periods. The contractor shall maintain records and controls pertaining to each Rental Agreement written at the Airport. The Rental Agreement shall be identified to indicate that the Airport is the originating location. All Rental Agreement used by the contractor in its operations at the Airport shall be sequentially numbered, in a numbering series exclusively for the Airport. In the event the contractor does not maintain exclusive sequential numbering for Rental Agreements commencing at the Airport, the contractor agrees to provide access to all Rental Agreements from other rental locations for the purposes of testing reporting completeness.
View SourceView Similar (3)
Contractor to Maintain Certain Books and Records. The Contractor shall maintain in a true and accurate manner and in accordance with Generally Accepted Accounting Principles and the terms and conditions of this Contract, such books and records as would normally be expected to be examined by an independent certified public accountant in performing an audit of the Contractor's Gross Receipts, andas well as the inventory of HEVsGreen Vehicles within the Contractors fleet of vehicles available for rent, in accordance with generally accepted accounting standards. Such books or records shall contain records of all the Contractor's receipts in connection with its operations on its Site in a form consistent with good accounting practice and shall contain itemized records of all Gross Receipts by such categories of sales as are specified in Section 5.02 above (or such other categories as the Authority may require from time to time) and of all other receipts derived by the Contractor from its operations on the Premises. This includes business records relating to customer transaction receipts, itemized rental transactions, trial balance and general ledger, and a complete chart of accounts.
View SourceView Similar (3)
Contractor to Maintain Certain Books and Records. Contractor shall maintain in a true and accurate manner and in accordance with Generally Accepted Accounting Principles (“GAAP”), such accounts, books, records and data as would reasonably be expected to be examined by an independent certified public accountant in performing an audit or examination of Contractor’s revenue and expenses in accordance with GAAP and with Generally Accepted Auditing Standards. Such records shall include, but not be limited to, the Contractor’s agreements with third parties in connection with the Service, documents concerning the Contractor’s operations, and records and control procedures for accurately determining the value of the following for each of the Airports: the Contractor’s revenues from product or other sponsorships, advertising, paid subscriptions for content, content retransmission or distribution, data-related revenue (for activities authorized by the Authority), and other revenues.
View Source
Contractor to Maintain Certain Books and Records. The Contractor shall maintain in a true and accurate manner and in accordance with generally accepted accounting principles, such books and records as would normally be expected to be examined by an independent certified public accountant in performing an audit of the Contractor's Gross Receipts in accordance with generally accepted accounting standards. Such books or records shall contain records of all the Contractor's receipts in connection with its operations on the Premises in a form consistent with good accounting practice and shall contain itemized records of all Gross Receipts by such categories of sales as are specified in Section 5.02 above (or such other categories as the Airports Authority may require from time to time) and of all other receipts derived by the Contractor from its operations on the Premises. This includes business records relating to customer transaction receipts, daily and monthly records of rental transactions, as well as monthly trial balance and general ledger information.
View Source

Related to Contractor to Maintain Certain Books and Records

  • Access to Books and Records (a) After the date of this Agreement until the earlier of the Closing or termination of this Agreement, Sellers shall afford to Representatives of Purchasers reasonable access to the Books and Records of the Transferred Entities’ Businesses during normal business hours consistent with applicable Law and in accordance with the procedures established by Sellers; provided, however, that (i) no Seller or Transferred Entity shall be required to violate any obligation of confidentiality to which a Seller or a Transferred Entity or any of their respective Affiliates may be subject in discharging their obligations pursuant to this Section 5.1(a), and (ii) Sellers shall make available, or cause the Transferred Entities to make available, Transferred Entity Employee personnel files only after the Closing Date. Any information provided to Purchasers or their Representatives in accordance with this Section 5.1 or otherwise pursuant to this Agreement shall be held by Purchasers and their Representatives in accordance with, shall be considered under, and shall be subject to the terms of, the Confidentiality Agreement. (b) Purchasers agree that any permitted investigation undertaken by Purchasers pursuant to the access granted under Section 5.1(a) shall be conducted in such a manner as not to interfere unreasonably with the operation of the Business by Sellers or the Transferred Entities, and Purchasers and their representatives shall not communicate with any of the employees of Sellers or the Transferred Entities without the prior written consent of Sellers. Notwithstanding anything to the contrary in this Agreement, neither Sellers nor the Transferred Entities shall be required to provide access to or disclose information where, upon the advice of counsel, such access or disclosure would jeopardize the attorney-client privilege of such Party or any of its Affiliates or contravene any Laws. (c) At and after the Closing Date, Purchasers shall, and shall cause their Affiliates to, afford Sellers and their representatives, during normal business hours, upon reasonable notice, full access to the books, records, properties and employees of each Transferred Entity to the extent that such access may be reasonably requested by Sellers, including in connection with financial statements or a proceeding before the Independent Accounting Firm under Section 2.5(d). (d) Purchasers agree to hold all the Books and Records of each Transferred Entity’s Business existing on the Closing Date and not to destroy or dispose of any thereof for a period of seven (7) years from the Closing Date or such longer time as may be required by Law, and thereafter, if they desire to destroy or dispose of such Books and Records, to offer first in writing at least sixty (60) days prior to such destruction or disposition to surrender them to Sellers.

  • Contractor’s Books and Records Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services or expenditures and disbursements charged to the County for a minimum of five (5) years, or for any longer period required by law, from the date of final payment to the Contractor under this Contract. Any records or documents required to be maintained shall be made available for inspection, audit and/or copying at any time during regular business hours, upon oral or written request of the County.

  • Inspection of Books and Records Contractor will permit County, or any duly authorized agent of County, to inspect and examine the books and records of Contractor for the purpose of verifying the amount of work performed under the Scope of Services. County’s right to inspect survives the termination of this Agreement for a period of four years.

  • Consultant’s Books and Records Consultant shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services or expenditures and disbursements charged to the City under this Agreement for a minimum of three (3) years, or for any longer period required by law, from the date of final payment to the Consultant to this Agreement.

  • Corporate Books and Records The minute books of the Company contain accurate records of all meetings and accurately reflect all other actions taken by the stockholders, Board of Directors and all committees of the Board of Directors of the Company. Complete and accurate copies of all such minute books and of the stock register of the Company have been provided by the Company to the Buyer.