Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 50 contracts
Samples: Securities Purchase Agreement (Reach Messaging Holdings, Inc.), Securities Purchase Agreement (Mphase Technologies Inc), Securities Purchase Agreement (Platina Energy Group Inc.)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 11 contracts
Samples: Securities Purchase Agreement (Precept Business Services Inc), Securities Purchase Agreement (Popmail Com Inc), Securities Purchase Agreement (Ifs International Holdings Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such proper reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 10 contracts
Samples: Exchange Agreement (Commodore Applied Technologies Inc), Securities Purchase Agreement (Innovative Gaming Corp of America), Series B Convertible Preferred Stock Purchase Agreement (Sedona Corp)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Advanced Optics Electronics Inc), Securities Purchase Agreement (Advanced Optics Electronics Inc), Securities Purchase Agreement (Auxer Group Inc)
Accounting and Reserves. The Company It shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP generally accepted accounting principles applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such proper reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 2 contracts
Samples: Purchase Agreement (Cgen Digital Media Co LTD), Purchase Agreement (Cgen Digital Media Co LTD)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP generally accepted accounting principles applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such proper reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 2 contracts
Samples: Preferred Shares Purchase Agreement (Cgen Digital Media Co LTD), Securities Purchase Agreement (24/7 Media Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. HM TH Initials Initials
Appears in 1 contract
Samples: Securities Purchase Agreement (Human Biosystems Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. G.
Appears in 1 contract
Samples: Securities Purchase Agreement (Material Technologies Inc /Ca/)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. ____________ ____________ Initials Initials
Appears in 1 contract
Samples: Securities Purchase Agreement (Traceguard Technologies, Inc.)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. ___________ __________ Initials Initials
Appears in 1 contract
Samples: Securities Purchase Agreement (Last Mile Logistics Group, Inc.)
