MEASUREMENT AND ACCOUNTING Sample Clauses

The MEASUREMENT AND ACCOUNTING clause defines how quantities, values, or progress are determined and recorded under a contract. It typically outlines the methods, standards, or procedures to be used for measuring work completed, materials supplied, or services rendered, and specifies how these measurements are documented and verified. For example, it may require the use of industry-standard measurement techniques or mandate regular reporting intervals. The core function of this clause is to ensure transparency and accuracy in tracking contractual obligations, thereby reducing disputes over performance or payment.
MEASUREMENT AND ACCOUNTING a. Water right applications will be filed with the Utah State Engineer in accordance with State Law for all diversions of exchanged project water. The Board agrees that these applications will: i. Establish the amount of exchange water each water user is entitled to divert and deplete; ii. Establish the points of diversion; and b. The Board will require in all Third-Party Contracts: i. That water users install metering devices on all exchange diversion points; and ii. That water users will provide to the Board annual reports of the AF quantity and beneficial uses of exchange water depleted. c. The Board agrees to provide to the Contracting Officer an annual determination of the water available under the Assigned Water Right as determined by the Utah Division of Water Rights and the River Commissioner. d. The Board will provide annual reports that document, on at least a monthly basis, diversion of the exchange water. e. The Board will hold the United States harmless for damage or claim of damage of any nature whatsoever, including property damage, personal injury or death arising out of or connected with the control, carriage, handling, use, disposal, or distribution of such water by the Board.
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MEASUREMENT AND ACCOUNTING a. Water right applications will be filed with the Utah State Engineer in accordance with State Law for all diversions of exchanged project water.Project Water. The Board agrees that these applications it must authorize will: i. Establish the amount of exchange water each water user is entitled to divert and deplete; and ii. Establish the points of diversion; and. b. a.The Board will require in all Third-Party Contracts: i. That water users install metering devices on all exchange diversion points; and ii.i. That water users will provide to the Board annual reports of the AF quantity and beneficial uses of exchange water depleted.
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MEASUREMENT AND ACCOUNTING a. At the request of the District, Participant shall submit and revise, if necessary, a written schedule of the anticipated monthly demands for the Excess Capacity storage of Participant’s Nonproject Water and Project Water Return Flows pursuant to this Subcontract. b. Participant shall be solely responsible for making whatever arrangements are necessary to make Nonproject Water or Project Water Return Flows available for storage in Excess Capacity under this Subcontract including, but not limited to, obtaining any necessary approval of the Water Court and the State of Colorado Division of Water Resources. c. Participant is solely responsible for any transit losses after release of water from storage and evaporation losses after water is placed into storage that are assessed by the State of Colorado Division of Water Resources and/or associated with Participant’s use of Excess Capacity for the Nonproject Water and Project Water Return Flows under this Subcontract. d. Participant shall maintain and shall furnish the District, without charge, the information necessary for a daily accounting of water stored under this Subcontract, as well as any other records that may be required for daily accounting. The records shall account for Nonproject Water and Project Water Return Flows according to the limitations in of the Participant’s water rights listed in the FEIS or in a subsequent NEPA analysis.
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MEASUREMENT AND ACCOUNTING. GCWSD shall measure diversions to, releases from and storage in Reservoir 2. A preliminary draft accounting form is attached hereto as Exhibit 1; however, the Parties agree to cooperatively develop, and modify from time to time as necessary, an accounting form that meets their needs and also satisfies the requirements of the Division Engineer in Water Division 5. Diversions, releases and storage volumes will be accounted for separately for each Party, including any foreign water stored by them in Reservoir 2. To the extent necessary to accurately account for the storage of water in Reservoir 2, the accounting shall include water diverted to and stored in Reservoir 1. Records of diversions to and releases from Reservoir 2 shall be maintained in GCWSD’s office and shall be regularly distributed to all Parties on a monthly basis and/or made available to them on a jointly accessible website. If requested by notice to GCWSD, documentation of a release shall be provided as soon as practicable after the date of the release. Any losses shall be allocated in accordance with the respective amount of the Parties’ water actually in storage at the time of such loss. The Parties shall pay the reasonable costs of accounting, including retention of a water rights engineering firm, in proportion to their respective Storage Capacity Ratios. The Parties acknowledge and agree that storage of foreign water in Reservoir 2, as well as conveyance or lease of the Water Right and Water Storage Capacity, may increase the cost of measurement and accounting and that such increase in cost may be allocated to a particular Party as jointly agreed by them.
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Related to MEASUREMENT AND ACCOUNTING

  • Loan Account and Accounting Agent shall maintain a loan account (the "Loan Account") on its books to record: all Advances, all payments made by Borrower, and all other debits and credits as provided in this Agreement with respect to the Loans or any other Obligations. All entries in the Loan Account shall be made in accordance with Agent's customary accounting practices as in effect from time to time. The balance in the Loan Account, as recorded on Agent's most recent printout or other written statement, shall, absent manifest error, be presumptive evidence of the amounts due and owing to Agent and Lenders by Borrower; provided, that any failure to so record or any error in so recording shall not limit or otherwise affect Borrower's duty to pay the Obligations. Agent shall render to Borrower a monthly accounting of transactions with respect to the Loans setting forth the balance of the Loan Account for the immediately preceding month. Unless Borrower notifies Agent in writing of any objection to any such accounting (specifically describing the basis for such objection), within 30 days after the date thereof, each and every such accounting shall (absent manifest error) be deemed final, binding and conclusive on Borrower in all respects as to all matters reflected therein. Only those items expressly objected to in such notice shall be deemed to be disputed by Borrower. Notwithstanding any provision herein contained to the contrary, any Lender may elect (which election may be revoked) to dispense with the issuance of Notes to that Lender and may rely on the Loan Account as evidence of the amount of Obligations from time to time owing to it.

  • Fund Accounting Services Ultimus will provide the Trust with the fund accounting services as set forth below:

  • 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.

  • Records and Accounting The General Partner shall keep or cause to be kept at the principal office of the Partnership appropriate books and records with respect to the Partnership’s business, including all books and records necessary to provide to the Limited Partners any information required to be provided pursuant to Section 3.4(a). Any books and records maintained by or on behalf of the Partnership in the regular course of its business, including the record of the Record Holders and Assignees of Units or other Partnership Securities, books of account and records of Partnership proceedings, may be kept on, or be in the form of, computer disks, hard drives, punch cards, magnetic tape, photographs, micrographics or any other information storage device; provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with U.S. GAAP.