Common use of Financial Accounting Practices Clause in Contracts

Financial Accounting Practices. Such Borrower 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 4 contracts

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

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Financial Accounting Practices. Such Borrower 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 3 contracts

Samples: Term Revolving Credit Agreement (Xl Capital LTD), Term Revolving Credit Agreement (Exel LTD), Revolving Credit Agreement (Exel LTD)

Financial Accounting Practices. Such Borrower 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 9.01 in conformity with GAAP and SAP, as applicable, and to maintain accountability for assets.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

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Financial Accounting Practices. Such Borrower 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 1 contract

Samples: Revolving Credit Agreement (Xl Capital LTD)

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