Common use of Financial Accounting Practices Clause in Contracts

Financial Accounting Practices. Such Account Party will, and will cause each of its consolidated Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements required under Section 6.01 in conformity with GAAP and SAP, as applicable, and to maintain accountability for assets.

Appears in 9 contracts

Samples: Credit Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD)

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Financial Accounting Practices. Such Each Account Party will, and will cause each of its consolidated Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements required under Section 6.01 in conformity with GAAP GAAP, Local GAAP, SAP and SAPSFR, as applicable, and to maintain accountability for assets.

Appears in 6 contracts

Samples: Assignment and Assumption (Xl Group PLC), Credit Agreement (Xl Group PLC), Secured Credit Agreement (Xl Group PLC)

Financial Accounting Practices. Such Account Party will, and will cause each of its consolidated Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements required under Section 6.01 5.01 in conformity with GAAP and SAP, as applicable, and to maintain accountability for assets.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Assurance LTD), Credit Agreement (Security Capital Assurance LTD)

Financial Accounting Practices. Such Account Credit Party willshall, and will shall cause each of its consolidated Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements required under Section 6.01 5.01 hereof in conformity with GAAP and SAP, as applicable, and to maintain accountability for assets.

Appears in 2 contracts

Samples: Facility and Reimbursement Agreement (Xl Capital LTD), Loan Agreement (Xl Capital LTD)

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Financial Accounting Practices. Such Each Account Party will, and will cause each of its consolidated Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements required under Section 6.01 in conformity in all material respects with GAAP GAAP, Local GAAP, SAP and SAPSFR, as applicable, and to maintain accountability for assets.

Appears in 2 contracts

Samples: Secured Credit Agreement (Xl Group LTD), Unsecured Credit Agreement (Xl Group LTD)

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