Common use of Accounting Methods and Financial Records Clause in Contracts

Accounting Methods and Financial Records. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31.

Appears in 2 contracts

Samples: Credit Agreement (Ixc Communications Inc), Credit Agreement (Ixc Communications Inc)

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Accounting Methods and Financial Records. The Borrower and the Parent shall, and shall cause the Parent and each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Parent, the Borrower and the Parent shall, and each of its Subsidiaries shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31.

Appears in 2 contracts

Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)

Accounting Methods and Financial Records. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and the Parent shall, and each of its Subsidiaries shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Telco Communications Group Inc)

Accounting Methods and Financial Records. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary to, (a) maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assetsassets and (b) keep materially accurate and complete records detailing separately items representing tangible cash exchanges and intangible and barter exchanges. The Borrower and the Parent shall, and each Subsidiary shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Metro Networks Inc)

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Accounting Methods and Financial Records. The Borrower and the Parent shall, ---------------------------------------- and shall cause each Restricted Subsidiary to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and the Parent shall, and each of its Subsidiaries shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Accounting Methods and Financial Records. The Borrower and the Parent shall, and shall cause each Restricted Subsidiary to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and the Parent shall, and each of its Subsidiaries shall cause each Restricted Subsidiary to, maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

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