Common use of Accounting Methods and Financial Records Clause in Contracts

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 5 contracts

Samples: Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pinnacle Holdings Inc), Credit Agreement (Pinnacle Holdings Inc)

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Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower its Subsidiaries to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 5 contracts

Samples: Credit Agreement (Club Corp International), Credit Agreement (Club Corp International), Credit Agreement (Pillowtex Corp)

Accounting Methods and Financial Records. The Borrower shallwill, and shall will cause the Parent each of its Subsidiaries on a consolidated and each Subsidiary of the Borrower consolidating basis to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP and reflecting all transactions required to be reflected by GAAP, and keep accurate and complete records of its their respective properties and assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 4 contracts

Samples: Loan Agreement, Term Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Restricted Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 4 contracts

Samples: Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Clear Channel Communications Inc), Credit Agreement (Ccci Capital Trust Iii)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, GAAP and keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower shall, and shall cause each of its the Restricted Subsidiaries shall to, maintain a fiscal year ending on December 31.

Appears in 3 contracts

Samples: Credit Agreement (Qwest Communications International Inc), Credit Agreement (Qwest Communications International Inc), Credit Agreement (Qwest Communications International Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 2 contracts

Samples: Credit Agreement (Signature Resorts Inc), Credit Agreement (Sunterra Corp)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Parent, the Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 2 contracts

Samples: Credit Agreement (Itc Deltacom Inc), Credit Agreement (Itc Deltacom Inc)

Accounting Methods and Financial Records. The Borrower Borrowers shall, and shall cause the Parent and each Subsidiary of the Borrower their Subsidiaries to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower Borrowers shall, and shall cause each of its their Subsidiaries shall to maintain a fiscal year ending on December 31.

Appears in 2 contracts

Samples: Credit Agreement (Pacific Gateway Exchange Inc), Credit Agreement (Pacific Gateway Exchange Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 2 contracts

Samples: Credit Agreement (Netcom Systems Inc), Credit Agreement (Netcom Systems Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last Saturday of June.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

Accounting Methods and Financial Records. The Borrower shallEach of the Borrowers will, and shall will cause the Parent and each Subsidiary of the Borrower its Subsidiaries to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAPsuch accounting principles consistently applied and reflecting all transactions required to be reflected by such accounting principles, and keep accurate and complete records of its respective properties and assets. The Borrower Borrowers will, and will cause each of its Subsidiaries shall to, maintain a fiscal year ending on December 3131st.

Appears in 1 contract

Samples: Loan Agreement (Charter Communications Southeast Holdings Lp)

Accounting Methods and Financial Records. The Borrower shallwill, and shall will cause the Parent and each Restricted Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAPsuch accounting principles consistently applied and reflecting all transactions required to be reflected by such accounting principles, and keep accurate and complete records of its respective properties and assets. The Borrower will, and will cause each of its Subsidiaries shall Restricted Subsidiary to, maintain a fiscal year ending on December 3131st.

Appears in 1 contract

Samples: Loan Agreement (Lenfest Communications Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Telco Communications Group Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAPsound business practices, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Homco Puerto Rico Inc)

Accounting Methods and Financial Records. The Borrower shall, ---------------------------------------- and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Doskocil Manufacturing Co Inc)

Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower Domestic DB Subsidiaries to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower shall, and shall cause each of its Domestic DB Subsidiaries shall to maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Pacific Gateway Exchange Inc)

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Accounting Methods and Financial Records. The Borrower ---------------------------------------- shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Sunterra Corp)

Accounting Methods and Financial Records. The Borrower shall, ---------------------------------------- and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Signature Resorts Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, (a) maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assetsassets and (b) keep materially accurate and complete records detailing separately items representing tangible cash exchanges and intangible and barter exchanges. The Borrower and each of its Subsidiaries Subsidiary shall maintain a fiscal year ending on December 31.

Appears in 1 contract

Samples: Credit Agreement (Metro Networks Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Domestic Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending its Fiscal Year in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Xircom Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Accounting Methods and Financial Records. The Borrower shall, ---------------------------------------- and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of December.

Appears in 1 contract

Samples: Credit Agreement (Kevco Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower towith respect to its consolidated financial statements, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December May 31.

Appears in 1 contract

Samples: Credit Agreement (Texas Industries Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary and Affiliate of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate accurate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries and Affiliates shall maintain a its fiscal year ending in the manner in existence on December 31the Agreement Date.

Appears in 1 contract

Samples: Credit Agreement (Equivest Finance Inc)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAPsound business practices, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last day of September." (c) Section 6.2(c) of the Credit Agreement is hereby amended to read as follows:

Appears in 1 contract

Samples: Credit Agreement (LLS Corp)

Accounting Methods and Financial Records. The Borrower shall, and shall cause the Parent and each Subsidiary of the Borrower to, maintain a system of accounting established and administered in accordance with GAAP, keep adequate records and books of account in which complete entries will be made and all transactions reflected in accordance with GAAP, and keep accurate and complete records of its respective assets. The Borrower and each of its Subsidiaries shall maintain a fiscal year ending on December 31the last Saturday of June.

Appears in 1 contract

Samples: Credit Agreement (Compusa Inc)

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