Reports and Accounts Sample Clauses
The 'Reports and Accounts' clause requires a party, typically a company, to provide regular financial statements and other relevant reports to another party, such as a lender or investor. This obligation often includes delivering audited annual accounts, interim financial reports, or other specified documentation within set timeframes. By mandating transparency and timely disclosure of financial information, the clause enables the recipient to monitor the company's financial health and compliance, thereby reducing informational risk and supporting informed decision-making.
Reports and Accounts. As soon as reasonably practicable after the end of each Accounting Period, each Limited Partner shall be provided with a report audited by an independent certified public accountant selected by the General Partner(s) that contains: the balance sheet of the Limited Partnership as of the last day of that Accounting Period, a statement of profit and loss showing the amounts allocated to or against that Limited Partner's account with respect to that Accounting Period.
Reports and Accounts. As soon as reasonably practicable after the end of each Accounting Period, each Limited Partner shall be provided
Reports and Accounts. Within sixty (60) days after the close of each month, the -------- Company shall render to the Reinsurers the following:
Reports and Accounts. Accounts and premium are due and payable quarterly thirty -------- (30) days after the close of each calendar quarter. SEC:vs 1/7/97 2 REINSURANCE COVER NOTE Agreement No: 970008 CEDING COMMISSION: 32.5% of gross ceded premium.
Reports and Accounts. As soon as reasonably practicable after the end of each fiscal year, each Member shall be furnished with a copy of a balance sheet of the Company as of the last day of such fiscal year and a statement of profit or loss showing the amounts allocated to or against such Member’s accounts in respect of such year, all prepared in accordance with Sections 9.1. Copies of all federal and state partnership income tax returns prepared by the Company shall be furnished to each Member.
Reports and Accounts. 11 ARTICLE VII.
Reports and Accounts. Within thirty (30)days after the close of each quarter, the Company shall furnish to the Reinsurer the following: Gross Earned Premium for the quarter LESS, Ceding Commission allowed on the reinsurance premium for the quarter LESS, Reinsurers' share of paid loss and paid loss adjustment expenses during the quarter PLUS, Reinsurers' share of all salvage recovered during the QUARTER, Net balance due. Any balances due either party will be payable within forty-five (45) days after the close of each quarter. All losses to be settled from funds withheld account until the fund balance is exhausted.
Reports and Accounts. The Company shall furnish within forty-five days after the close of each calendar quarter an account reflecting the following separately for each underwriting year:
A. Net written premium ceded during the quarter (credited).
B. Commission on the ceded premium (debited).
C. Net paid losses (debited).
D. Net paid adjustment expenses (debited).
E. Net outstanding losses.
F. Net unearned premium. If the balance of A through D is a credit such amount shall be remitted with the account. If the balance of A through D is a debit, the Reinsurer shall remit such amount within 15 days of receipt of the account. Accounts by line of business shall also be provided by the Company including the aforementioned information.
Reports and Accounts. We hereby waive all statutory requirements, including the requirement under Probate Code § 16062(a), that the Trustees of any trust created under this Trust Agreement render a report or account to the beneficiaries of the trust. The Trustees shall not be required to make any current reports or render any annual or other periodic accounts to any trust beneficiary or to any court, whether or not required by statute, except pursuant to court order. The Trustees may take action for the approval of their accounts at the times and before the courts, or without court proceedings, as they determine in the exercise of their discretion. Any Trustees’ account may, at the Trustees’ option, either be settled pursuant to the provisions of Probate Code §16060 et seq. or by sending the account to all beneficiaries of such trust, at their respective last known addresses by certified mail, return receipt requested. Unless written objections are received by the Trustees within one hundred eighty (180) days of mailing such account, the account and all transactions set forth in the account shall be deemed settled and approved. The Trustees shall pay the costs and expenses of such action, including the compensation and expenses of accountants, attorneys, and guardians, from the principal or income, or both, of the trust as they determine.
Reports and Accounts. 5.1 The Trustee shall maintain true and accurate accounts of all transactions hereunder, which shall be subject to inspection and audit at any time by the Company or by auditors designated by the Company.
5.2 Within sixty days after the end of each Plan Year, the Trustee shall prepare and deliver to the Plan Manager a statement, in such form as the Company shall prescribe, of its accounts and proceedings for the year. Each annual statement shall be certified as accurate by appropriate officers of the Trustee.