Segregation of Proceeds. In order to perform the calculations required by the Code, it is necessary to separately account for all of the Gross Proceeds and each specific investment acquired therewith. To that end, the Authority, the Company and the Lessee agree to establish separate sub-accounts or to take other accounting measures in order to account fully and with specificity for all Gross Proceeds and each investment acquired therewith.
Appears in 2 contracts
Sources: Tax Certificate and Regulatory Agreement (Intracel Corp), Tax Certificate and Regulatory Agreement (Intracel Corp)