Common use of Records and Books of Account Clause in Contracts

Records and Books of Account. The Company shall keep, and cause each subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 3 contracts

Samples: Rights Agreement (Alimera Sciences Inc), Rights Agreement (Alimera Sciences Inc), Rights Agreement (Alimera Sciences Inc)

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Records and Books of Account. The Company shall keepKeep, and cause each ---------------------------- subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.;

Appears in 2 contracts

Samples: Investor Rights Agreement (Liposcience Inc), Investor Rights Agreement (Pozen Inc /Nc)

Records and Books of Account. The Company shall keepKeep, and cause each subsidiary to ---------------------------- keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.;

Appears in 2 contracts

Samples: Investor Rights Agreement (Pozen Inc /Nc), Investor Rights Agreement (Pozen Inc /Nc)

Records and Books of Account. The Company shall keep, and cause each subsidiary to keep, adequate adequate, correct and complete records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 2 contracts

Samples: Investor Rights Agreement (PhaseBio Pharmaceuticals Inc), Investor Rights Agreement (PhaseBio Pharmaceuticals Inc)

Records and Books of Account. The Company shall keep, and cause each subsidiary Subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiarySubsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 2 contracts

Samples: Investor Rights Agreement, Investor Rights Agreement (Aeglea BioTherapeutics, Inc.)

Records and Books of Account. The Company shall keep, and cause each subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with accounting principles generally accepted accounting principles in the United States consistently applied, reflecting all financial transactions of the Company and any subsidiaryCompany, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 2 contracts

Samples: Investor Rights Agreement (Aldagen Inc), Investor Rights Agreement (Aldagen Inc)

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Records and Books of Account. The Company shall keepKeep, and cause each subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.;

Appears in 1 contract

Samples: Rights Agreement (Liposcience Inc)

Records and Books of Account. The Company shall keep, and cause each subsidiary Subsidiary to keep, adequate records and books of account in which complete entries will be made in accordance with generally accepted accounting principles GAAP consistently applied, reflecting all financial transactions of the Company and any subsidiarySubsidiary, and in which, for each fiscal yearFiscal Year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cempra Holdings, LLC)

Records and Books of Account. The Company shall keep, and cause each subsidiary Subsidiary to keep, adequate adequate, correct and complete records and books of account in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions of the Company and any subsidiarySubsidiary, and in which, for each fiscal year, all proper reserves for depreciation, depletion, returns of merchandise, obsolescence, amortization, taxes, bad debts and other purposes in connection with its business shall be made.

Appears in 1 contract

Samples: Investor Rights Agreement (Biolex, Inc.)

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