Common use of Accounting System Clause in Contracts

Accounting System. Maintain a system of accounting that enables Parent and 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. Parent and Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 3 contracts

Samples: Credit Agreement (Monotype Imaging Holdings Inc.), Credit Agreement (Monotype Imaging Holdings Inc.), Credit Agreement (Monotype Imaging Holdings Inc.)

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Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers Loan Parties also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries' sales. Loan Parties shall also maintain their billing systems/practices as approved by Agent prior to the Closing Date and shall only make material modifications thereto with notice to, and consent of, Agent.

Appears in 3 contracts

Samples: Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Dune Energy Inc)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers its Subsidiaries also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 3 contracts

Samples: Loan and Security Agreement (Iron Age Corp), Loan and Security Agreement (Midas Inc), Loan and Security Agreement (Numatics Inc)

Accounting System. Maintain a system of accounting that enables Parent Parent, Borrowers and Borrowers their respective Subsidiaries 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 Required Lenders. Parent and the Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trust Created February 25 1986), Loan and Security Agreement (Evergreen Holdings Inc)

Accounting System. Maintain a system of accounting that enables Parent ----------------- and Borrowers 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 reasonably may be requested by AgentLender. Parent and Borrowers its Subsidiaries also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 2 contracts

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

Accounting System. Maintain a system of accounting that enables Parent and 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. Parent and Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances in accordance with respect to their and their respective Subsidiaries’ salescustomary industry practice.

Appears in 2 contracts

Samples: Dip Credit Agreement (Storm Cat Energy CORP), Credit Agreement (Storm Cat Energy CORP)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers its Subsidiaries also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 2 contracts

Samples: Dip Credit Agreement (Foothills Resources Inc), Credit Agreement (Foothills Resources Inc)

Accounting System. Maintain a system of accounting that enables Parent and 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. Parent and Borrowers also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 2 contracts

Samples: Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc)

Accounting System. Maintain a system of accounting that enables the Credit Parties and Parent and 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 Agentthe Purchasers. Parent and Borrowers The Credit Parties also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesInventory.

Appears in 1 contract

Samples: Securities Purchase Agreement (LSB Industries Inc)

Accounting System. Maintain a system of accounting that enables Parent and 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. Parent and Borrowers also shall keep a reporting system syst em that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries' sales.

Appears in 1 contract

Samples: Credit Agreement (Primedex Health Systems Inc)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers to produce financial statements in accordance with GAAP and maintain records 71 73 pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Parent and Borrowers also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their its and their respective its Subsidiaries' sales.

Appears in 1 contract

Samples: Loan and Security Agreement (eTelecare Global Solutions, Inc.)

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

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Payless Shoesource Inc /De/)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers to produce consolidated 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. Parent and Borrowers Obligors, taken as a whole, also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 1 contract

Samples: Loan Agreement (Philip Services Corp/De)

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Accounting System. Maintain a system of accounting that enables Parent and 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. Parent and Borrowers Borrower also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Dog Holdings Inc)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers Loan Parties also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 1 contract

Samples: Credit Agreement (Velocity Express Corp)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by AgentLender. Parent and Borrowers Borrower also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their its and their respective its Subsidiaries’ sales.

Appears in 1 contract

Samples: Loan and Security Agreement (Lazy Days R.V. Center, Inc.)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agentthe Noteholder Group. Parent and Borrowers its Subsidiaries also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 1 contract

Samples: Note, Guaranty and Security Agreement (Midas Inc)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers 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 reasonably may be requested by Agent. Parent and Borrowers also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 1 contract

Samples: Loan and Security Agreement (Paincare Holdings Inc)

Accounting System. Maintain a system of accounting that enables Parent ----------------- Parent, SK and 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. Parent and Borrowers also shall keep a an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ salesthe Inventory.

Appears in 1 contract

Samples: Loan and Security Agreement (Learningstar Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Interdent Inc)

Accounting System. Maintain a system of accounting that enables Parent and Borrowers each Subsidiary 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. Parent and Borrowers Active Obligors also shall keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their respective Subsidiaries’ sales.

Appears in 1 contract

Samples: Credit Agreement (Bookham, Inc.)

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