Proper accounts Sample Clauses

The 'Proper accounts' clause requires a party, typically one handling funds or financial transactions, to maintain accurate and up-to-date records of all relevant financial activities. In practice, this means keeping detailed books, ledgers, and supporting documentation that reflect all receipts, payments, and balances related to the agreement. This clause ensures transparency and accountability, helping to prevent disputes over financial matters and enabling effective audits or reviews if needed.
Proper accounts. Each Transaction Party must: (a) keep accounting records which give a true and fair view of its financial condition and state of affairs; and (b) ensure that the accounts it provides under clause 8.6 are prepared in accordance with the Accounting Standards.
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Proper accounts. Each Obligor must: (a) keep accounting records which give a true and fair view of its financial condition and state of affairs; and (b) ensure that the accounts it provides under clause 8.1 are prepared in accordance with the Accounting Standards.
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Proper accounts. 10.1 Geron shall maintain (and retain for not less than six (6) years) true and accurate accounts and records of all Sales which shall show in sufficient detail all facts necessary for the accurate calculation of the royalty payments payable by Geron pursuant to this Agreement. 10.2 Geron shall permit the Institute and its accountants not more than once in any Year on reasonable prior notice to inspect the accounts and records referred to in Clause 10.1 for the purpose of verifying that all royalties due to the Institute pursuant to this Agreement have been properly calculated. The Institute shall, and shall procure that its accountants shall, treat information arising from such inspection as strictly confidential. 10.3 If it is established that the amount of royalties paid in respect of any Quarter is 5% or more less than the amount of the royalties which were properly payable under Clause 9 in respect of that Quarter Geron, shall, within seven (7) days of the date on which it is so established, pay the shortfall to the Institute together with any interest due thereon and the reasonable costs and expenses incurred by the Institute in making the inspection and audit pursuant to which the underpayment is discovered. Any overpayment of royalties Quarters shall be credited against royalties owed to the Institute for the following Quarter or shall be repaid by the Institute to Geron within fourteen (14) days of the Institute's receipt of a notice from Geron requiring repayment. 10.4 The provisions of this Clause 10 shall remain in full force and effect following the expiry or termination of this Agreement for any reason whatsoever until the settlement of all subsisting claims of the Institute under this Agreement.
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Proper accounts. The Company must keep proper books of account (which may include computer records) of the Company at its principal office and will make entries of all such matters, transactions and things which are usually entered in books of accounts kept by entities engaged in concerns of a similar nature and including, without limitation, particulars of all business transactions and of all such names, times and places as may be necessary or useful for the administration of the Company.
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Proper accounts. It will keep proper books of account and other records which accurately record all details relating to Collateral Receivables, and ensure that financial statements furnished by it under the Facility Documents, if any, are prepared in accordance with accounting principles generally accepted in the United States consistently applied.
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Proper accounts. The Grantor must: (a) keep accounting records which give a true and fair view of its financial condition and state of affairs; and (b) ensure that accounts it provides to BOQ Specialist are prepared in accordance with the Accounting Standards and the laws of its domicile.
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Proper accounts. The Borrower must: (a) keep accounting records which fairly present its financial condition and state of affairs; and (b) ensure that the accounts it provides under clause 9.5 are prepared in accordance with the Accounting Standards.
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Proper accounts. The Borrower and each Guarantor must keep proper books of account which give a true and fair view of its financial condition and its state of affairs, and ensure that the accounts provided by it under clause 10.5 are prepared in accordance with the requirements of the applicable accounting standards and practices for financial statements for a financial year.
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Proper accounts. The Company must keep proper accounting records and accounts as required by the Corporations Act.
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Related to Proper accounts

  • Other Accounts On the date of withdrawal of any Deposit (other than the date of the Final Withdrawal or Replacement Withdrawal), the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall re-deposit with the Depositary any portion thereof not used to acquire Equipment Notes and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on October 31, 2009 (provided that if a Labor Strike occurs or continues, such date shall be extended by the Additional Days) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of receipt of each such re-deposit and the account number assigned thereto.

  • User Accounts End User shall ensure that only Authorized Users can access the Services. User accounts may not be shared among individuals or used to provide access to the Services to individuals who are not the individual associated with the corresponding user account.

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.