Accounting Issues Sample Clauses

Accounting Issues. It is the duty of the responsible institution’s and partner institution’s project management to establish and maintain a reliable accounting set up for the project funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to the respective partners in case of audits.2 It is the responsibility of the responsible institution to comply with the accounts requirements and deadlines. The partner institution must submit to the responsible institution the annual accounts of the partner institution’s share of the budget signed by the partner institution’s project coordinator and accountant no later than [time indication].
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Accounting Issues. 8.1.6.1. Past due invoices.
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Accounting Issues. It is the duty of the ministry/institution having the Finance Manager role as well as co-applicants and partner stakeholders to establish and maintain a reliable accounting set up for the project funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to the respective partners in case of audits. It is the responsibility of [name] to comply with the accounts requirements and deadlines. The other Sig- natories must submit to [name] the annual accounts of their share of the budget signed by the accountant and of each Signatory no later than [time indication].
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Accounting Issues. It is the duty of the South university and Danish partner programme management to establish and maintain a reliable accounting set up for the programme funds. This implies preparation of an adequate chart of accounts, and ensuring that accounts are kept up to date. All accounting material shall be available to DFC and South university in case of audits. It is the responsibility of the South university to comply with the accounts requirements, hereunder ensuring an accounting manual, is in place as early as possible after the finalization of the Inception Report, and at the latest before the second disbursement to the South university. The manual must be updated yearly based on recommendations from the annual audit. The Danish partner must submit to the South university the bi-annual accounts of the Danish partner expenditures signed by the Danish BSU coordinator and Danish partner responsible accounting officer no later than March 1 and September 1.
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Accounting Issues. No later than 45 days following the end of MFF’s fiscal year in which a Marketing Allowance has been granted, Shadewell shall provide MFF with an accounting of the Marketing Allowance in form and content reasonably satisfactory to MFF, including a breakdown indicating a brief description of the types of Promotional Activities, the payees, and the amounts of Marketing Allowance expenditures related to each Activity. If required by MFF auditors or internal accounting department in connection with any audit of any Xxx. Xxxxxx entity within 45 days following its receipt of the accounting, MFF shall have the right, upon reasonable notice to Shadewell and during regular business hours, to review Shadewell’s records concerning the Marketing Allowance and Promotional Activities. If in MFF’s review it is determined that Shadewell has not spent an amount at least equal to the Marketing Allowance on Promotional Activities during the given year or period, or that Shadewell’s records do not provide adequate support that Shadewell has met its obligations under this paragraph, MFF shall send Shadewell an invoice in the amount of the discrepancy, and Shadewell shall remit the same to MFF within 30 business days of receipt, or, at Shadewell’s option, shall propose additional Promotional Activities acceptable to MFF and complete the same within 45 days to expend the remainder of the Marketing Allowance.
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Accounting Issues. EESI shall have determined, in its ----------------- reasonable discretion, that the transactions contemplated by this Agreement shall qualify as a "pooling of interests" transaction as contemplated by Section 5.2.
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Accounting Issues. Sellers, in their reasonable discretion, ----------------- concur that the transactions contemplated by this Agreement shall qualify as a Section 368(a)(1)(B) reorganization under the Code as contemplated by Section 5.3 and shall qualify as a "pooling of interests" transaction as contemplated by Section 5.2.
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Accounting Issues. On and after the Effective Date, to the satisfaction of Buyer, Sellers shall use their best efforts to cause LLC to implement the accounting issues outlined in Exhibit 12.4 hereof. If the parties are unable to agree on the appropriate accounting issues, the Independent Accountant (or another "Big 5" accounting firm replacing the Independent Accountant mutually agreed upon by the parties) shall determine the appropriate accounting issues.
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Accounting Issues. 7.1 The parties agree that the Financial Year of the Partnership shall be amended such that Effective Date shall be the last day of the current Financial Year of the Partnership, and AJJ and CGIL shall procure that the Partnership shall, as soon as practicable after the Effective Date, prepare Accounts of the Partnership for that Financial Year. 7.2 The parties hereby agree that, for the avoidance of doubt, CGIL shall be responsible for any losses of the Partnership which arise as a result of the transactions contemplated by this agreement which liability shall be deemed to have been discharged by the capital contribution in accordance with clause 3 of this Agreement. 8.
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Related to Accounting Issues

  • Absence of Accounting Issues A member of the Audit Committee has confirmed to the Chief Executive Officer, Chief Financial Officer or General Counsel that, except as set forth in the General Disclosure Package, the Audit Committee is not reviewing or investigating, and neither the Company’s independent auditors nor its internal auditors have recommended that the Audit Committee review or investigate, (i) adding to, deleting, changing the application of, or changing the Company’s disclosure with respect to, any of the Company’s material accounting policies; (ii) any matter which could result in a restatement of the Company’s financial statements for any annual or interim period during the current or prior three fiscal years; or (iii) any Internal Control Event.

  • Reporting Issuer The Company shall be a Reporting Issuer, shall be current on all periodic public filings required to be made with the SEC and shall have a class of securities registered under Section 12 of the Exchange Act.

  • Tax Issues The parties agree that the payments and benefits provided under this Agreement, and all other contracts, arrangements or programs that apply to him/her, shall be subject to Section 16 of the Employment Agreement.

  • Financing Issues From the incurrence of the Working Capital Facility Obligations until the Discharge of Working Capital Facility Obligations, if any Obligor shall be subject to any Insolvency Proceeding and the Working Capital Facility Collateral Agent or any Working Capital Facility Lender shall desire (i) to permit the use of “Cash Collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting Shared Collateral or (ii) to permit any Obligor to obtain financing under Section 364 of the Bankruptcy Code (“DIP Financing”), then the Notes Collateral Agent, on behalf of itself and the Noteholders, and the Pari Passu Collateral Agent, on behalf of the Pari Passu Lenders, will raise no objection to such Cash Collateral use or DIP Financing (provided that such DIP Financing is on terms and conditions no less favorable to the Company and its subsidiaries than any other debtor in possession financing available to the Company in the market) and to the extent the Liens securing the Working Capital Facility Obligations (subject to the principal amount thereof not exceeding the Working Capital Facility Debt Cap) are subordinated to or pari passu with such DIP Financing, the Notes Collateral Agent and the Pari Passu Collateral Agent will subordinate their respective Liens on the Shared Collateral to the Liens securing such DIP Financing (and all obligations relating thereto) in the same priorities and to the same extent as provided herein with respect to the Working Capital Facility and will not request adequate protection or any other relief in connection therewith (except, as expressly agreed by the Working Capital Facility Collateral Agent or to the extent permitted by this Section 6.2 or by Section 6.4(b)); provided, that (i) the aggregate principal amount of the DIP Financing plus the aggregate outstanding principal amount of Working Capital Facility Indebtedness plus the aggregate face amount of any letters of credit issued and not reimbursed under the Working Capital Facility Agreement does not exceed the Working Capital Facility Debt Cap and (ii) the Notes Collateral Agent and the Noteholders, and the Pari Passu Collateral Agent and the Pari Passu Lenders, retain the right to object to any ancillary agreements or arrangements regarding Cash Collateral use or the DIP Financing that are materially prejudicial to their interests.

  • Accounting Standards The Subrecipient agrees to comply with 2 CFR 200 and agrees to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred.

  • Accounting Compliance Participant agrees that, if a merger, reorganization, liquidation or other “transaction” as defined in Section 14 of the Plan occurs and Participant is an “affiliate” of the Company or any Affiliate (as defined in applicable legal and accounting principles) at the time of such transaction, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Project is located.

  • Accounting Information Without limiting the generality of Section 7.01 but subject to Section 7.01(b):

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