Common use of Accounting and Other Controls Clause in Contracts

Accounting and Other Controls. The Company has established a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions were executed in accordance with management's general or specific authorization; (ii) transactions were recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (iii) access to assets was permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets was compared with existing assets at reasonable intervals and appropriate action was taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Netflix Inc)

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

Appears in 1 contract

Samples: Purchase Agreement (Ventas Inc)

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

Appears in 1 contract

Samples: Purchase Agreement (Ventas Inc)

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