Proper accounts Sample Clauses

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.

Proper accounts. 12.1 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. 12.2 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 12.1 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. 12.3 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 11 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. 12.4 The provisions of this Clause 12 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.

Proper accounts. The company must keep proper accounting records and accounts as required by the Corporations Act.

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.

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.

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.

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.

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.