Common use of Controls Clause in Contracts

Controls. The Company and each of its Subsidiaries maintains internal information systems and controls sufficient to provide reasonable assurance that (i) material transactions are executed in accordance with management's general or specific authorizations, and (ii) material transactions (including payment of claims and collection of receivables) are executed in accordance with their terms and applicable Law and are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability.

Appears in 5 contracts

Samples: Investment Agreement (Magellan Health Services Inc), Investment Agreement (Magellan Health Services Inc), Investment Agreement (On Semiconductor Corp)

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Controls. The Company and each Each of its Subsidiaries the Companies maintains internal information systems, cash management systems and other controls sufficient to provide reasonable assurance that (i) material transactions are executed in accordance with management's ’s general or specific authorizations, and (ii) material transactions (including payment of claims and collection of receivables) are executed in accordance with their terms and applicable Law authorizations and are recorded as necessary to permit in a manner that permits the preparation of financial statements in conformity accordance with GAAP and to maintain asset accountabilityGAAP.

Appears in 4 contracts

Samples: Investment Agreement (Republic Airways Holdings Inc), Investment Agreement (Frontier Airlines Holdings, Inc.), Investment Agreement (Republic Airways Holdings Inc)

Controls. The Company and each of its Subsidiaries maintains internal information systems, cash management systems and other controls sufficient to provide reasonable assurance that (i) material transactions are executed in accordance with management's ’s general or specific authorizations, and (ii) material transactions (including payment of claims and collection of receivables) are executed in accordance with their terms and applicable Law authorizations and are recorded as necessary to permit in a manner that permits the preparation of financial statements in conformity accordance with GAAP and to maintain asset accountabilityGAAP.

Appears in 2 contracts

Samples: Investment Agreement (Savitr Capital, LLC), Investment Agreement (Molecular Insight Pharmaceuticals, Inc.)

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Controls. The Company and each Each of its Subsidiaries the Companies maintains internal information systems, cash management systems and other controls sufficient to provide reasonable assurance that (i) material transactions are executed in accordance with management's management s general or specific authorizations, and (ii) material transactions (including payment of claims and collection of receivables) are executed in accordance with their terms and applicable Law authorizations and are recorded as necessary to permit in a manner that permits the preparation of financial statements in conformity accordance with GAAP and to maintain asset accountabilityGAAP.

Appears in 1 contract

Samples: Investment Agreement

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