Common use of Accounting Practices Clause in Contracts

Accounting Practices. The Company makes and keeps accurate books and records reflecting its assets and maintains internal accounting controls that provide reasonable assurance that (i) transactions are executed with management's authorization; (ii) transactions are recorded as necessary to permit preparation of the Company's financial statements and to maintain accountability for the assets of the Company; (iii) access to the assets of the Company is permitted only in accordance with management's authorization; and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervals.

Appears in 2 contracts

Sources: Stock Purchase and Loan Agreement (Thinking Tools Inc), Stock Purchase Agreement (Dover Saddlery Inc)

Accounting Practices. The Each Company makes and keeps accurate books and records reflecting its respective assets and maintains internal accounting controls that provide reasonable assurance that (i) transactions are executed with management's ’s authorization; , (ii) transactions are recorded as necessary to permit preparation of the such Company's ’s financial statements and to maintain accountability for the assets of the such Company; , (iii) access to the assets of the such Company is permitted only in accordance with management's authorization; ’s authorization and (iv) the reported accountability of the assets of the such Company is compared with existing assets at reasonable intervals.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Bulova Technologies Group, Inc.), Stock Purchase Agreement (Bulova Technologies Group, Inc.)

Accounting Practices. The Company makes and keeps accurate books and records reflecting its assets and maintains internal accounting controls that provide reasonable assurance that (i) transactions are executed with management's ’s authorization; , (ii) transactions are recorded as necessary to permit preparation of the Company's ’s financial statements and to maintain accountability for the assets of the Company; , (iii) access to the assets of the Company is permitted only in accordance with management's authorization; ’s authorization and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervals.

Appears in 1 contract

Sources: Stock Acquisition Agreement (Alternet Systems Inc)

Accounting Practices. The Company makes and keeps accurate -------------------- books and records reflecting its assets total asset value and maintains internal accounting controls that provide reasonable assurance that (ia) transactions are executed with management's authorization; authorization and (iib) transactions are recorded as necessary to permit preparation of the Company's financial statements and to maintain accountability for the assets and liabilities of the Company; (iii) access to the assets of the Company is permitted only in accordance with management's authorization; and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervals.

Appears in 1 contract

Sources: Share Purchase Agreement (Psinet Inc)

Accounting Practices. The Company makes Companies make and keeps keep accurate books and records reflecting its assets their total asset value and maintains internal accounting controls that provide reasonable assurance that (ia) transactions are executed with management's authorization; authorization and (iib) transactions are recorded as necessary to permit preparation of the Company's Companies' financial statements and to maintain accountability for the assets of the Company; (iii) access to the assets of the Company is permitted only in accordance with management's authorization; and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervalsCompanies.

Appears in 1 contract

Sources: Shareholder Agreement (Biophan Technologies Inc)

Accounting Practices. The Company makes and keeps materially accurate books and records reflecting its assets and maintains internal accounting controls that provide reasonable assurance that (ia) transactions are executed in accordance with management's authorization; authorization and (iib) transactions are recorded as necessary to permit preparation of the Company's financial statements Financial Statements and to maintain accountability for the assets of the Company; (iii) access to the assets of the Company is permitted only in accordance with management's authorization; and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervals.

Appears in 1 contract

Sources: Stock Purchase Agreement (Dynamics Research Corp)

Accounting Practices. The Company makes and keeps accurate -------------------- books and records reflecting records, on a modified accrual accounting method on a historically consistent basis to reflect its assets and assets. The Company maintains internal accounting controls that provide reasonable assurance that (ia) transactions are executed with management's authorization; authorization and (iib) transactions are recorded as necessary to permit preparation of the Company's financial statements and to maintain accountability for the assets of the Company; (iii) access to the assets of the Company is permitted only in accordance with management's authorization; and (iv) the reported accountability of the assets of the Company is compared with existing assets at reasonable intervals.

Appears in 1 contract

Sources: Stock Purchase Agreement (Production Group International Inc)