Common use of Accounting System Clause in Contracts

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 20 contracts

Samples: Loan and Security Agreement (Ultimate Electronics Inc), Loan and Security Agreement (Harolds Stores Inc), Loan and Security Agreement (Silicon Graphics Inc /Ca/)

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Accounting System. Maintain a standard and modern system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentFoothill. Borrowers Borrower also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 14 contracts

Samples: Loan and Security Agreement (Silicon Storage Technology Inc), Loan and Security Agreement (Sirena Apparel Group Inc), Loan and Security Agreement (Wam Net Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentLender. Borrowers Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 13 contracts

Samples: Loan and Security Agreement (Special Devices Inc /De), Loan and Security Agreement (RMH Teleservices Inc), Loan and Security Agreement (Bidz.com, Inc.)

Accounting System. Maintain a system of accounting that enables Borrowers Servicer to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Borrower also shall keep an inventory a reporting system that shows all additions, salesfees, payments, claims, returns, and allowances write-downs with respect to the InventoryNotes Receivable.

Appears in 10 contracts

Samples: Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Horizon Technology Finance Corp), Loan Agreement (Horizon Technology Finance Corp)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Borrower also shall keep an inventory a reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventoryits and its Subsidiaries’ sales.

Appears in 9 contracts

Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 9 contracts

Samples: Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (BGF Industries Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 8 contracts

Samples: Loan and Security Agreement (GXS Corp), Loan and Security Agreement (HPSC Inc), Loan and Security Agreement (Phonetel Technologies Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time as reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 6 contracts

Samples: Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc), Loan and Security Agreement (Acme Communications Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Borrower also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 5 contracts

Samples: Loan and Security Agreement (Aureal Semiconductor Inc), Loan and Security Agreement (CTC Communications Corp), Loan and Security Agreement (Areawide Cellular Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrowers Borrower and each of the other Obligors to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentFoothill. Borrowers The Obligors also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 4 contracts

Samples: Loan and Security Agreement (Childrens Broadcasting Corp), Loan and Security Agreement (Childrens Broadcasting Corp), Loan and Security Agreement (Childrens Broadcasting Corp)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentLender. Borrowers also shall keep an inventory a reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventorytheir and their Subsidiaries' sales.

Appears in 3 contracts

Samples: Credit Agreement (Cryolife Inc), Credit Agreement (Easylink Services Corp), Senior Secured Credit Agreement (Cray Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Companies to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Companies also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp)

Accounting System. Maintain a system of accounting that enables Borrowers Loan Parties to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Loan Parties also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the their and their Subsidiaries' Inventory.

Appears in 3 contracts

Samples: Loan Agreement (Source Interlink Companies Inc), Loan Agreement (Source Interlink Companies Inc), Loan Agreement (Source Interlink Companies Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Loan Parties to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Loan Parties also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Advanced Lighting Technologies Inc), Loan and Security Agreement (Advanced Lighting Technologies Inc), Loan and Security Agreement (Outsourcing Services Group Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Companies to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Companies also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the their Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Midway Games Inc), Loan and Security Agreement (Midway Games Inc), Loan and Security Agreement (Norstan Inc)

Accounting System. Maintain a system of accounting that enables Borrowers each Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agentthe Lender. Borrowers Each Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zanett Inc), Loan and Security Agreement (Zanett Inc)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory a reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventorytheir and their respective Restricted Subsidiaries' sales.

Appears in 2 contracts

Samples: Credit Agreement (TB Wood's INC), Credit Agreement (Altra Industrial Motion, Inc.)

Accounting System. Maintain a system of accounting that enables Borrowers Obligors to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Each of the Obligors also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Communications & Power Industries Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrowers to produce financial statements in accordance with GAAP with ledger and maintain account cards or computer tapes, disks, printouts, and records pertaining to the Collateral that which contain information as from time to time reasonably may be requested by Agent. Borrowers Each Borrower also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the its Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Neostar Retail Group Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Obligors to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Etoys Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Collateral Agent. Borrowers Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Cutter & Buck Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Companies to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Companies also shall keep an inventory a reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventorytheir sales.

Appears in 1 contract

Samples: Loan and Security Agreement (James River Coal CO)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Obligors also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Systems Inc)

Accounting System. Maintain The Obligors shall maintain a standard and modern system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Worldwide Collateral that contain information as from time to time reasonably may be requested by Foothill Group Agent. Borrowers also Borrower shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Stormedia Inc)

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Accounting System. Maintain a standard system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Facility Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Los Buenos Leasing Co Inc)

Accounting System. Maintain a system of accounting that enables Borrowers the Obligors to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the InventoryAgent in its Permitted Discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Sholodge Inc)

Accounting System. Maintain a system of accounting that enables Borrowers ----------------- Administrative Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Cellstar Corp)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentLender. Borrowers Borrower also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to its and the Guarantors' Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Mortons Restaurant Group Inc)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.by

Appears in 1 contract

Samples: Loan and Security Agreement (Majestic Star Casino LLC)

Accounting System. Maintain a standard system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentFoothill. Borrowers Borrower also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory, including the completion of one complete physical inventory or one complete inventory cycle count with respect to each of Borrower's store and warehouse locations during each fiscal year of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Garden Botanika Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Companies to produce financial statements in accordance with GAAP and maintain adequate records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Companies also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Alpine Group Inc /De/)

Accounting System. Maintain a standard system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additionsSchedule 1, sales, claims, returns, and allowances with respect to the Inventory.Pg. 56 63

Appears in 1 contract

Samples: Loan and Security Agreement (Vermont Transit Co Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Obligors to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentLender. Borrowers Each Obligor also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Mikohn Gaming Corp)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Administrative Agent. Borrowers Borrower also shall shall keep an inventory a reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventoryits and its Subsidiaries' sales.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers Each Borrower that owns Inventory with an aggregate book value in excess of $100,000 shall also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the its Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (SCB Computer Technology Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrowers each Borrower and Corporate Guarantor to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentFoothill. Borrowers Each Borrower also shall keep an a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Sports Inc)

Accounting System. Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.requested

Appears in 1 contract

Samples: Loan and Security Agreement (Guitar Center Inc)

Accounting System. Maintain a system of accounting that enables Borrowers Borrower and the other Obligors to produce financial statements in accordance with GAAP GAAP, and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by AgentFoothill. Borrowers The Obligors also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Muzak Capital Corp)

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