Common use of Accounting and Other Controls Clause in Contracts

Accounting and Other Controls. The Company and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (A) transactions are executed in accordance with management’s general or specific authorizations; (B) transactions are recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (D) 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: Purchase Agreement (Ventas Inc)

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Accounting and Other Controls. The Company has established for itself and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (Ai) transactions are were executed in accordance with management’s general or specific authorizationsauthorization; (Bii) transactions are were recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (Ciii) access to assets is was permitted only in accordance with management’s general or specific authorization; and (Div) the recorded accountability for assets is was compared with the existing assets at reasonable intervals and appropriate action is was taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Republic Airways Holdings Inc)

Accounting and Other Controls. The Company and each Subsidiary maintains has established a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (Ai) transactions were, are and will be executed in accordance with management’s 's general or specific authorizationsauthorization; (Bii) transactions were, are and will be recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (Diii) the recorded accountability for assets Assets was, is and will be compared with the existing assets Assets at reasonable intervals and appropriate action was, is and will be taken with respect to any differences.

Appears in 1 contract

Samples: Stock Purchase Agreement (Point 360)

Accounting and Other Controls. The Company and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (A) transactions are executed in accordance with management’s 's general or specific authorizations; (B) transactions are recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (C) access to assets is permitted only in accordance with management’s 's general or specific authorization; and (D) 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: Purchase Agreement (Ventas Inc)

Accounting and Other Controls. The Company has established for itself and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (Ai) transactions are were executed in accordance with management’s 's general or specific authorizationsauthorization; (Bii) transactions are were recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (Ciii) access to assets is was permitted only in accordance with management’s 's general or specific authorization; and (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.and

Appears in 1 contract

Samples: Purchase Agreement (Us Airways Group Inc)

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Accounting and Other Controls. The Company has established for itself and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (Ai) transactions are were executed in accordance with management’s general or specific authorizationsauthorization; (Bii) transactions are were recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles GAAP and to maintain accountability for assets; (Ciii) access to assets is was permitted only in accordance with management’s general or specific authorization; and (Div) the recorded accountability for assets is was compared with the existing assets at reasonable intervals and appropriate action is was taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Republic Airways Holdings Inc)

Accounting and Other Controls. The Company has established for itself and each Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: assurances that (Ai) transactions are were executed in accordance with management’s general or specific authorizationsauthorization; (Bii) transactions are were recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (Ciii) access to assets is was permitted only in accordance with management’s general or specific authorization; and (Div) the recorded re- corded accountability for assets is was compared with the existing assets at reasonable intervals and appropriate action is was taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Republic Airways Holdings Inc)

Accounting and Other Controls. The Company and each Significant Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (A) transactions are executed in accordance with management’s general or specific authorizations; (B) transactions are recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (D) 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: Purchase Agreement (Ventas Inc)

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