Common use of Accounting Methods and Financial Records Clause in Contracts

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 2 contracts

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

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Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 ParentExcept with respect to a change in the fiscal year of any Subsidiary to conform to the fiscal year of the Borrower, the Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 2 contracts

Samples: Credit Agreement (Pc Service Source Inc), Credit Agreement (Safeguard Scientifics Inc Et Al)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 2 contracts

Samples: Credit Agreement (Signature Resorts Inc), Credit Agreement (Sunterra Corp)

Accounting Methods and Financial Records. The Borrower shall, ---------------------------------------- and shall cause the Parent and each 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 ParentExcept with respect to a change in the fiscal year of any Subsidiary to conform to the fiscal year of the Borrower, the Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 2 contracts

Samples: Credit Agreement (Compucom Systems Inc), Credit Agreement (Safeguard Scientifics Inc Et Al)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 each of its Subsidiaries shall 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 shall, and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a fiscal year ending on December 31the last Saturday of June.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each 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 ParentExcept with respect to a change in the fiscal year of any Subsidiary to conform to the fiscal year of the Borrower, the Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Compucom Systems Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each 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 each of its Subsidiaries shall 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 shall, and shall cause the Parent and each Subsidiary of the Borrower 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 Parent, the Borrower and each of its Subsidiaries Subsidiary shall maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Metro Networks Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Domestic 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 each of its Subsidiaries shall maintain a fiscal year ending its Fiscal Year in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Xircom Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 GAAPsound business practices, and keep accurate and complete records of its respective assets. The Parent, the Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Homco Puerto Rico Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a fiscal year ending on December 31the last Saturday of June.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each 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 GAAPsound business practices, and keep accurate and complete records of its respective assets. The Parent, the Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of September."

Appears in 1 contract

Samples: Credit Agreement (LLS Corp)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower Domestic DB Subsidiaries 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 ParentBorrower shall, the Borrower and shall cause each of its Domestic DB Subsidiaries shall to maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Pacific Gateway Exchange Inc

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary and Affiliate of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate accurate 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 each of its Subsidiaries and Affiliates shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Equivest Finance Inc)

Accounting Methods and Financial Records. The Borrower shall, ---------------------------------------- and shall cause the Parent and each 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 each of its Subsidiaries shall 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 shall, and shall cause the Parent and each 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 each of its Subsidiaries shall 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 shall, ---------------------------------------- and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Signature Resorts Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each 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 each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Sunterra Corp)

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