Common use of Accounting System Clause in Contracts

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep 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 (Ultimate Electronics Inc), Loan and Security Agreement (Banyan Systems Inc), Loan and Security Agreement (Starcraft Corp /In/)

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Accounting System. Maintain a standard and modern system of accounting that enables 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 FoothillLender. Borrower also shall keep a modern 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 (Bidz.com, Inc.), Loan and Security Agreement (RMH Teleservices Inc)

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

Appears in 7 contracts

Samples: Loan and Security Agreement (Action Industries Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Bollinger Industries Inc)

Accounting System. Maintain a standard and modern system of accounting that enables 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 FoothillLender. Borrower also shall keep a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventoryits and its Subsidiaries' sales.

Appears in 5 contracts

Samples: Loan and Security Agreement (Overstock Com Inc), Loan and Security Agreement (Viskase Companies Inc), Loan and Security Agreement (Viskase Companies Inc)

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

Appears in 5 contracts

Samples: Loan and Security Agreement (Digital Generation Systems Inc), Loan and Security Agreement (Morrow Snowboards Inc), Loan and Security Agreement (K Tel International Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by FoothillAgent. Borrower also shall keep 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 (Aureal Semiconductor Inc), Loan and Security Agreement (Areawide Cellular Inc), Loan and Security Agreement (Samuels Jewelers Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower and each of the other Obligors to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower The Obligors also shall keep 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 standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by FoothillAgent. Borrower also shall keep a modern inventory reporting system that shows accurate current stock, cost and sales records of Inventory, that accurately and sufficiently itemizes and describes the kinds, types and quantities of Inventory and the cost and selling prices thereof, and that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

Appears in 3 contracts

Samples: Agency Agreement (Franks Nursery & Crafts Inc), Loan and Security Agreement (Right Start Inc /Ca), Possession Loan and Security Agreement (Factory Card Outlet Corp)

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

Appears in 2 contracts

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

Accounting System. Maintain a standard and modern system of accounting that enables each 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 Foothillthe Lender. Each Borrower also shall keep a modern 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 standard and modern system one or more systems of accounting that enables enable Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep a modern 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 (Intergraph Corp), Loan and Security Agreement (Intergraph Corp)

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

Appears in 2 contracts

Samples: Assumption Agreement (Cortelco Systems Inc), Loan and Security Agreement (Cortelco Systems Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be reasonably requested by Foothill. Borrower also shall keep a modern 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 (Allied Products Corp /De/), Loan and Security Agreement (Multigraphics Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by FoothillLender. Borrower also shall keep a modern 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 (Graphix Zone Inc /De/), Loan and Security Agreement (Graff Pay Per View Inc /De/)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be reasonably requested by FoothillAdministrative Agent. Borrower also shall keep 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 (Natural Wonders Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower and its Subsidiaries to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also and each of its Subsidiaries shall keep 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 (Pharmhouse Corp)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower and each of its Subsidiaries to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep keep, and shall cause each of its Subsidiaries to keep, 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 (Concurrent Computer Corp/De)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower and its Subsidiaries also shall keep 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 (Network Computing Devices Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral assets of Borrower and its Subsidiaries or Affiliates that contain information as from time to time may be requested by FoothillBanks. Borrower also shall keep a modern inventory asset reporting system that shows all purchases, additions, sales, claims, returns, and allowances with respect to the Inventorydispositions of Borrower's assets.

Appears in 1 contract

Samples: Loan Agreement (Kennedy Wilson Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower each Obligor to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower Each Obligor also shall keep 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 (Discovery Zone Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower Obligor to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be reasonably requested by Foothill. Borrower Obligor also shall keep 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 (Dep Corp)

Accounting System. Maintain a standard and modern system of accounting that enables such Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the its Collateral that contain information as from time to time may be requested by Foothill. Such Borrower also shall keep a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the its Inventory; provided, however, that this does not require Borrower to maintain a perpetual Inventory system.

Appears in 1 contract

Samples: Loan and Security Agreement (International Remote Imaging Systems Inc /De/)

Accounting System. Maintain a standard and modern system of accounting that enables such Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be reasonably requested by Foothill. Each Borrower also shall keep 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 (Multigraphics Inc)

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Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAPGAAP with ledger and account cards or computer tapes, disks, printouts, and maintain records pertaining to the Collateral that which contain information as from time to time may be requested by FoothillAgent. Each Borrower also shall keep 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 standard and modern system of accounting that enables Borrower Borrowers 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 Foothill. Borrower also shall keep a modern 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 The Obligors shall maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Worldwide Collateral that contain information as from time to time may be requested by FoothillFoothill Group Agent. Borrower also shall keep 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)

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

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Aldila Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Anc Rental Corp)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by FoothillAgent. Borrower also shall keep a modern inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.. 6.2

Appears in 1 contract

Samples: Loan and Security Agreement (CTC Communications Corp)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower Borrowers to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower Borrowers also shall keep 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 (P Com Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep 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 (Majestic Star Casino LLC)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower Borrowers also shall keep 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 (Interiors Inc)

Accounting System. Maintain The Obligors shall maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Worldwide Collateral that contain information as from time to time may be requested by Foothill. Borrower The Obligors also shall keep 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 (Computervision Corp /De/)

Accounting System. Maintain a standard and modern system of accounting that enables each Borrower and Corporate Guarantor to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Each Borrower also shall keep 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 standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, GAAP and maintain also maintains records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep 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 (Sizzler International Inc)

Accounting System. Maintain a standard and modern system of accounting that enables 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 may be requested by Foothill. Each Borrower also shall keep 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 (Effective Management Systems Inc)

Accounting System. Maintain a standard and modern system of accounting that enables Borrower to produce financial statements in accordance with GAAP, and maintain records pertaining to the Collateral that contain information as from time to time may be requested by Foothill. Borrower also shall keep 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 standard and modern system of accounting that enables Borrower and the other 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 Foothill. Borrower The Obligors also shall keep a modern 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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