Financial and Accounting Matters Clause Samples

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-lA, 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. Service Provider shall maintain Client's general ledger, accounts receivable and accounts payable records, and fixed asset records and provide billing and collection services. Service Provider shall also provide, or cause to be provided, to Client payroll services, including assistance with regulatory compliance matters.

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. 13 SECTION 3.13.

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. 3.3.2. Every ten (10) business days during the term of this Agreement, Operator shall deliver to Manager a written report, which report shall include (i) a detailed summary of all funds received by Operator during such period, together with a corresponding explanation of the date and type of services to which such funds relate and (ii) a detailed summary of all charges posted and billed. 3.3.3. Manager shall (a) pay or cause to be paid (but not from the Operating Accounts) all costs and expenses incurred in operating the Business, including without limitation, accounts payable, employee payrolls, employment taxes, real property taxes, insurance payments, mortgage debt service payments, and other operating and capital expenditures (only to the extent such obligations relate to periods from and after the Effective Date and provided that Manager shall not be entitled to make any such payments from the Operating Accounts), (b) maintain, safeguard, and control access to the financial books and records of the Business, (c) establish all fees for the Business’s services, (d) supervise the Operator’s billing and collection procedures and the maintenance of related records and (e) select and retain such accountants and consultants as Manager deems necessary or appropriate, in connection with financial and accounting matters involving the Business.

Financial and Accounting Matters. (a) Section 4.03(a) of the Company Disclosure Schedule sets forth (i) the audited consolidated balance sheet of the Company and its Subsidiaries as of December 31, 2024 (the latest date thereof, the “Audited Balance Sheet Date”) and the related audited consolidated statements of comprehensive income, cash flows and changes in member’s equity/stockholders’ equity of the Company and its Subsidiaries for the fiscal year then ended (the “Annual Financials”), and (ii) the unaudited consolidated balance sheet of the Company and its Subsidiaries as of June 30, 2025 (the latest date thereof, the “Interim Balance Sheet Date”) and the related unaudited consolidated statements of comprehensive income, cash flows and changes in member’s equity/stockholders’ equity of the Company and its Subsidiaries for the six (6)-month period then ended (the “Interim Financials” and, together with the Annual Financials, the “Company Financial Statements”). (b) The Company Financial Statements were prepared in all material respects in accordance with the books of account and other financial records of the Group Companies and fairly present, in all material respects, the consolidated financial position of the Company and the Subsidiaries, as of the respective dates thereof, and the results of operations and the changes in cash flows of the Company and the Subsidiaries, for the respective periods set forth therein. The Books and Records of the Group Companies accurately reflect in all material respects the assets, liabilities, business, financial condition and results of operations of the Group Companies and have been maintained in all material respects in accordance with prudent business and bookkeeping practices. Each of the Company Financial Statements (including all related notes) has been prepared, in all material respects, in accordance with GAAP, except as otherwise noted therein, and subject, in the case of the Interim Financials, to normal year‑end adjustments, none of which are material and the absence of footnote disclosures. Since the Audited Balance Sheet Date, the Company has not identified and has not been advised by the Company’s auditors of any fraud having a material impact on the Company Financial Statements that involves management or other employees of the Company who have a material role in the Group Company’s internal controls over financial reporting. (c) The Company has made available to Purchaser, to the extent required to be filed with the applicable Insuranc...

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. 5.1 Business Plan and Annual Budget....................................... 16 5.2 Periodic Reports of the Corporation................................... 17 5.3