Common use of Statements and accounts Clause in Contracts

Statements and accounts. The Trustees shall cause the PRIM Board to prepare and distribute statements of assets and transactions to each Participant in the SRBT Fund. Annually, within ninety (90) days after the close of the SRBT Fund’s fiscal year, the Trustees shall furnish or cause the PRIM Board to furnish a written account of the operation of the SRBT Fund for the preceding fiscal year to each Participant. Any Participant to which an account is furnished may approve such account by an instrument in writing delivered to the Trustees and the PRIM Board. If objections to specific items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished and the Trustees and the PRIM Board believe such objections to be valid, the Trustees and the PRIM Board may cause the PRIM Board to adjust the account in such manner as they deem equitable under the circumstances. Each Participant to which the PRIM Board furnishes an account shall be notified by the PRIM Board of any adjustments so made. If all Participants to which such account of the PRIM Board furnished by the Trustees, approve such account, or no objections to specific items in such account are filed by any Participant with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, or objections to specified items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, and the PRIM Board and the Trustees give no notice of any adjustment to the account within one hundred and fifty (150) days after such account has been furnished, then, and in any of said events, the account of the PRIM Board, with respect to all matters contained therein (as originally furnished if no adjustment was made, or as adjusted if an adjustment was made), shall be deemed to have been approved by all Participants.

Statements and accounts. The Trustees shall cause the PRIM Board to prepare and distribute statements of assets and transactions to be prepared and distributed to each Participant in the SRBT FundParticipating or Purchasing System. Annually, within ninety (90) days after the close of the SRBT Trust Fund’s fiscal year, the Trustees shall furnish or cause the PRIM Board to furnish a written account of the operation of the SRBT Trust Fund for the preceding fiscal year to the Board of each ParticipantParticipating or Purchasing System. Any Participant Board to which an account of the Trustees is furnished may approve such account by an instrument in writing delivered to the Trustees and the PRIM BoardTrustees. If objections to specific items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished and the Trustees and the PRIM Board believe such objections to be valid, the Trustees and the PRIM Board may cause the PRIM Board to adjust the account in such manner as they deem equitable under the circumstances. Each Participant Board to which the PRIM Board furnishes Trustees furnish an account shall be notified by the PRIM Board Trustees of any adjustments so made. If If (a) all Participants Boards to which such account of the PRIM Board Trustees is furnished by the Trustees, approve such account, or or (b) no objections to specific items in such account are filed by any Participant Board with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, or or (c) objections to specified items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, and the PRIM Board and the Trustees give no notice of any adjustment to the account within one hundred and fifty (150) days after such account has been furnished, then, then and in any of said events, the account of the PRIM BoardTrustees, with respect to all matters contained therein (as originally furnished if no adjustment was made, or as adjusted if an adjustment was made), shall be deemed to have been approved by all ParticipantsParticipating and Purchasing Systems.

Statements and accounts. The Trustees shall cause the PRIM Board to prepare and distribute statements of assets and transactions to each Participant in the SRBT Fund. Annually, within ninety (90) days after the close of the SRBT Fund’s fiscal year, the Trustees shall furnish or cause the PRIM Board to furnish a written account of the operation of the SRBT Fund for the preceding fiscal year to each Participant. Any Participant to which an account is furnished may approve such account by an instrument in writing delivered to the Trustees and the PRIM Board. If objections to specific items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished and the Trustees and the PRIM Board believe such objections to be valid, the Trustees and the PRIM Board may cause the PRIM Board to adjust the account in such manner as they deem equitable under the circumstances. Each Participant to which the PRIM Board furnishes an account shall be notified by the PRIM Board of any adjustments so made. If If (a) all Participants to which such account of the PRIM Board furnished by the Trustees, approve such account, or or (b) no objections to specific items in such account are filed by any Participant with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, or or (c) objections to specified items in such account are filed with the Trustees and the PRIM Board within sixty (60) days after the account has been furnished, and the PRIM Board and the Trustees give no notice of any adjustment to the account within one hundred and fifty (150) days after such account has been furnished, then, and in any of said events, the account of the PRIM Board, with respect to all matters contained therein (as originally furnished if no adjustment was made, or as adjusted if an adjustment was made), shall be deemed to have been approved by all Participants.