FINANCIAL AND ACCOUNTING STATEMENTS Sample Clauses

The "Financial and Accounting Statements" clause requires a party to provide accurate and up-to-date financial records and reports, such as balance sheets, income statements, or other relevant accounting documents. Typically, this clause outlines the types of statements to be delivered, the frequency of their delivery (e.g., quarterly or annually), and the standards or formats they must adhere to, such as generally accepted accounting principles (GAAP). Its core function is to ensure transparency and allow the other party to assess the financial health and compliance of the reporting party, thereby reducing the risk of misinformation or financial mismanagement.
FINANCIAL AND ACCOUNTING STATEMENTS. The Contractor shall provide the Government with all reports, records and statements indicated in the provisions of the Agreement and current legislation, and especially the following accounting and financial statements: 5.1. Statement of exploration work obligations 5.2. Petroleum Costs recovery statement a) the amount of Petroleum Costs still to be recovered at the beginning of the Calendar Quarter; b) the amount of Petroleum Costs relative to the Calendar Quarter in question, recoverable according to the provisions of the Agreement; c) the quantity and the value of the production of Hydrocarbons taken during the Calendar Quarter by the Contractor to recover Petroleum Costs; d) the amount of income or proceeds credited pursuant to article 2.4.b) of this Accounting Procedure during the quarter; e) the amount of Petroleum Costs still to be recovered at the end of the Calendar Quarter. Furthermore, an annual Petroleum Costs recovery statement shall be submitted before the end of February of each Calendar Year.
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FINANCIAL AND ACCOUNTING STATEMENTS. The Contractor shall supply to the Ministry all reports, returns and statements provided by the provisions of the Contract and the regulations in effect and in particular the following financial and accounting statements:
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FINANCIAL AND ACCOUNTING STATEMENTS. The Contractor shall provide the Government with all reports, records and statements indicated in the provisions of the Agreement and current legislation, and especially the following accounting and financial statements: 5.
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FINANCIAL AND ACCOUNTING STATEMENTS. The Contractor shall supply to the Ministry all reports, returns and statements provided by the provisions of the Contract and the regulations in effect and in particular the following financial and accounting statements: 7.1 Oil cost recovery report a) the amount of the Oil Producer Costs remaining to recover at the beginning of the quarter; b) the amount of the Oil Producer Costs related to the quarter in question and recoverable according to the provisions of the Contract; c) the quantity and the value of the production of Hydrocarbons paid out during the quarter by the Contractor with regard to the recovery of Oil Producer Costs; d) the amount of the earnings or products credited pursuant to Article 2.
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FINANCIAL AND ACCOUNTING STATEMENTS. The Contractor shall furnish the STATE and NOCAL with all the reports, records and statements provided by the provisions of the Contract and the applicable regulations and, inter alia, the following financial and accounting statements:
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Related to FINANCIAL AND ACCOUNTING STATEMENTS

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Apartment Housing is located. (b) By March 1 of each calendar year the General Partner shall send to the Limited Partner and the Special Limited Partner: (1) a balance sheet as of the end of such fiscal year and statements of income, Partners' equity and changes in cash flow for such fiscal year prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report containing an opinion of the Partnership's Accountants; (2) a report (which need not be audited) of any Distributions made at any time during the fiscal year, separately identifying Distributions from Net Operating Income for the fiscal year, Net Operating Income for prior years, Sale or Refinancing Proceeds, and reserves; and (3) a report setting forth the amount of all fees and other compensation and Distributions and reimbursed expenses paid by the Partnership for the fiscal year to the General Partner or Affiliates of the General Partner and the services performed in consideration therefor, which report shall be verified by the Partnership's Accountants, with the method of verification to include, at a minimum, a review of the time records of individual employees, the costs of whose services were reimbursed, and a review of the specific nature of the work performed by each such employee, all in accordance with generally accepted auditing standards and, accordingly, including such tests of the accounting records and such other auditing procedures as the Accountants consider appropriate in the circumstances. (c) Within 60 days after the end of each fiscal quarter in which a Sale or Refinancing of the Apartment Housing occurs, the General Partner shall send to the Limited Partner and the Special Limited Partner a report as to the nature of the Sale or Refinancing and as to the Income and Losses for tax purposes and proceeds arising from the Sale or Refinancing.

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business.

  • Legal and Accounting Fees All charges for services and expenses of the Trust's legal counsel and independent accountants.

  • Financial Accounting Practices Borrower shall make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with management's general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Operating Statements In the case of each Mortgage Loan, the related Mortgage or another Mortgage Loan document requires the related Mortgagor, in some cases at the request of the lender, to provide the holder of such Mortgage Loan with at least quarterly operating statements and rent rolls (if there is more than one tenant) for the related Mortgaged Property and annual financial statements of the related Mortgagor, and with such other information as may be required therein.