Separate Accounting Records Clause Samples

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Separate Accounting Records. The MCO and its Subcontractors must maintain separate books, records, documents, files and other evidence pertaining to the administrative costs and expenses of the Contract to the extent and in such detail as must properly reflect all revenues and all costs of whatever nature for which reimbursement is claimed under the provisions of the Contract. All such documents must be made available to BMS or its designee at its request and must be clearly identifiable as pertaining to the Contract.
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Separate Accounting Records. The OPERATOR shall keep separate appropriate financial and accounting records, regarding the JOINT OPERATIONS, such that the records adequately segregate the JOINT OPERATIONS from any other operations conducted under any other mining agreements, or any other activities of the OPERATOR, in such a way that where applicable the PARTIES’s PARTICIPATION in disbursements for investments, costs and expenses incurred under this AGREEMENT may be clearly determined.
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Separate Accounting Records. The Seller is obliged to keep reasonable separate accounting records of the costs of performance hereunder and use the means of ongoing financing according to the Payments Schedule exclusively in connection with the performance hereunder, and the Buyer acknowledges that within the performance hereunder, in addition to direct and indirect costs, the Seller also covers the profit and risk items with regard to the experimental nature of the supply. This provision does not impose an obligation on the Seller to report these items to the Buyer or control bodies.
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Separate Accounting Records. The Contractor is obliged to keep reasonable separate accounting records of the costs of execution of the Work and use the means of ongoing financing according to the Schedule of Payments exclusively in connection with the execution of the Work, and the Client acknowledges that within the execution of the Work, in addition to direct and indirect costs, the Contractor also covers the profit and risk items with regard to the experimental nature of the supply. This provision does not impose an obligation on the Contractor to report these items to the Client or control bodies.
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Related to Separate Accounting Records

  • Accounting Records Maintain adequate books and records in accordance with generally accepted accounting principles consistently applied, and permit any representative of Bank, at any reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect the properties of Borrower.

  • Accounting Records and Reports The Trustee will keep or cause to be kept proper books of record and accounts in which complete and correct entries shall be made of all transactions relating to the receipts, disbursements, allocation and application of the Revenues, and such books shall be available for inspection by the Authority at reasonable hours and under reasonable conditions. The Trustee shall provide to the Authority monthly statements covering the funds and accounts held pursuant to the Trust Agreement. Not more than one hundred eighty (180) days after the close of each Fiscal Year, the Trustee shall furnish or cause to be furnished to the Authority a complete financial statement (which may be in the form of the Trustee’s customary account statements) covering receipts, disbursements, allocation and application of Revenues for such Fiscal Year. The Authority shall keep or cause to be kept such information as is required under the Tax Certificate.

  • Accounting, Books and Records The books and records of the Company shall be kept, and the financial position and the results of its operations recorded, in accordance with GAAP. The books and records shall reflect all the Company transactions and shall be appropriate and adequate for the Company’s business. The Company shall maintain at its principal office all of the following: (i) A current list of the full name and last known business or residence address of each Member and Assignee set forth in alphabetical order, together with the Capital Contributions, Capital Account and Units of each Member and Assignee; (ii) The full name and business address of each Director; (iii) A copy of the Articles and any and all amendments thereto together with executed copies of any powers of attorney pursuant to which the Articles or any amendments thereto have been executed; (iv) Copies of the Company’s federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years; (v) A copy of this Agreement and any and all amendments thereto together with executed copies of any powers of attorney pursuant to which this Agreement or any amendments thereto have been executed; and (vi) Copies of the financial statements of the Company, if any, for the six most recent Fiscal Years. The Company shall use the accrual method of accounting in preparation of its financial reports and for tax purposes and shall keep its books and records accordingly. Any Member or its designated representative shall have reasonable access during normal business hours to such information and documents. The rights granted to a Member pursuant to this Section 7.1 are expressly subject to compliance by such Member with the safety, security and confidentiality procedures and guidelines of the Company, as such procedures and guidelines may be established from time to time.