Internal Accounting Controls. The Credit Parties maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 16 contracts
Samples: Consent and Agreement (Pacific Ventures Group, Inc.), Consent and Agreement (Sack Lunch Productions Inc.), Consent and Agreement (Sack Lunch Productions Inc.)
Internal Accounting Controls. The Credit Parties maintain Borrower maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 12 contracts
Samples: Credit Agreement, Credit Facility Agreement (Cd International Enterprises, Inc.), Security Agreement (THEDIRECTORY.COM, Inc.)
Internal Accounting Controls. The Credit Parties maintain Company has established a system of internal accounting controls sufficient to provide reasonable assurance that: (ia) transactions are executed in accordance with management’s general or specific authorizations; (iib) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP U.S. GAAP, and the Company’s historical practices and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (ivc) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 8 contracts
Samples: Merger Agreement (IX Acquisition Corp.), Merger Agreement (Aerkomm Inc.), Registration Rights Agreement (CSLM Acquisition Corp.)
Internal Accounting Controls. The Credit Parties maintain Each Borrower maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 7 contracts
Samples: Credit Agreement (Dr. Tattoff, Inc.), Credit Agreement (Wild Craze, Inc.), Credit Agreement (Petron Energy II, Inc.)
Internal Accounting Controls. The Credit Parties maintain Maintain a system of internal accounting controls sufficient to provide reasonable assurance that: that (ia) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (iib) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorizationGAAP; and (ivc) the recorded accountability for assets is will be compared with the existing actual assets at reasonable intervals and appropriate action is will be taken with respect to any differences.
Appears in 4 contracts
Samples: Limited Partnership Agreement, Partnership Agreement, Limited Liability Limited Partnership Agreement (Strategic Hotel Capital Inc)
Internal Accounting Controls. The Credit Parties maintain Each Borrower maintains a system of internal accounting controls sufficient to provide reasonable assurance that: that (i) transactions are executed in accordance with management’s general or specific authorizations; , (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP generally accepted accounting principles and to maintain asset accountability; , (iii) access to assets is permitted only in accordance with management’s general or specific authorization; authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 2 contracts
Samples: Note Purchase Agreement (Micronet Enertec Technologies, Inc.), Note Purchase Agreement (Micronet Enertec Technologies, Inc.)
Internal Accounting Controls. The Each Credit Parties maintain Party maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets Assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets Assets is compared with the existing assets Assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 2 contracts
Samples: Consent and Agreement (Pacific Ventures Group, Inc.), Consent and Agreement (Mota Group, Inc.)
Internal Accounting Controls. The Credit Parties maintain Company and its Subsidiaries have established a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity accordance with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 2 contracts
Samples: Preferred Stock and Warrant Purchase Agreement (GenuTec Business Solutions, Inc.), Note Purchase Agreement (GenuTec Business Solutions, Inc.)
Internal Accounting Controls. The Credit Parties maintain Borrower maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.. 7.32
Appears in 1 contract
Samples: www.sec.gov
Internal Accounting Controls. The Credit Obligated Parties maintain maintains a system of internal accounting controls sufficient to provide reasonable assurance that: that (ia) transactions are executed in accordance with management’s 's general or specific authorizations; , (iib) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP generally accepted accounting principles and to maintain asset accountability; , (iiic) access to assets is are permitted only in accordance with management’s 's general or specific authorization; authorization and (ivd) the recorded accountability for assets is are compared with the existing assets at reasonable intervals and appropriate action is actions are taken with respect to any differences.
Appears in 1 contract
Samples: Capitol First Corp
Internal Accounting Controls. The Each Credit Parties maintain Party maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets Assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets Assets is compared with the existing assets Assets at reasonable intervals and appropriate action is taken with respect to any differences...
Appears in 1 contract
Samples: Consent and Agreement (Star Mountain Resources, Inc.)
Internal Accounting Controls. The Credit Parties maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s 's general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s 's general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Artec Global Media, Inc.)
Internal Accounting Controls. The Credit Parties maintain Borrower maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions i)transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions ii)transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access iii)access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the iv)the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action appropriateaction is taken with respect to any differences.
Appears in 1 contract
Internal Accounting Controls. The Credit Parties maintain a system of internal accounting controls sufficient to provide reasonable assurance that: that (i) transactions are executed in accordance consistent with management’s general or specific authorizations; , (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity accordance with GAAP applicable accounting standards and to maintain asset accountability; accountability for assets, (iii) access to the parties track and monitor their assets is permitted only in accordance with management’s general or specific authorization; and liabilities and those of their subsidiaries, and (iv) the recorded accountability for assets and liabilities is compared with the existing assets and known and expected liabilities at reasonable intervals intervals, and appropriate action is taken with respect to any differences.
Appears in 1 contract
Samples: Master Agreement (3SBio Inc.)
Internal Accounting Controls. The Credit Parties Obligors maintain a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (i) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountabilityaccountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 1 contract
Samples: Loan Agreement
Internal Accounting Controls. The Credit Parties maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets Assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets Assets is compared with the existing assets Assets at reasonable intervals and appropriate action is taken with respect to any differences.
Appears in 1 contract
Samples: Security Agreement (Preferred Restaurant Brands, Inc.)