Common use of Accounting System Clause in Contracts

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agent. Parent and its Subsidiaries 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

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

Accounting System. Maintain a system of accounting that enables Parent Parent, Borrowers and its 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 its Subsidiaries the 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 Subsidiaries’ sales.

Appears in 2 contracts

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

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries Borrowers 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

Sources: 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 Parent ----------------- 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 reasonably may be requested by AgentLender. Parent and its Subsidiaries 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

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

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agent. Parent and its Subsidiaries 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 2 contracts

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

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agent. Parent and its Subsidiaries also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances in accordance with respect to the Inventorycustomary industry practice.

Appears in 2 contracts

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

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries 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

Sources: Loan and Security Agreement (Hypercom Corp)

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to of the InventoryClosing Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Interdent Inc)

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries 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

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

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

Appears in 1 contract

Sources: Credit Agreement (Primedex Health Systems Inc)

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries Obligors, taken as a whole, 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

Sources: Loan Agreement (Philip Services Corp/De)

Accounting System. Maintain a system of accounting that enables the Credit Parties and Parent 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 reasonably may be requested by Agentthe Purchasers. Parent and its Subsidiaries The Credit Parties also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the their Inventory.

Appears in 1 contract

Sources: Securities Purchase Agreement (LSB Industries Inc)

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by AgentLender. Parent and its Subsidiaries 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 1 contract

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

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agentthe Noteholder Group. Parent and its Subsidiaries 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

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

Accounting System. Maintain a system of accounting that enables Parent ----------------- Parent, SK and its Subsidiaries 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 its Subsidiaries 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

Sources: Loan and Security Agreement (Learningstar Corp)

Accounting System. Maintain a system of accounting that enables the Parent and 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 its Subsidiaries or one or more Credit Parties also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to Inventory of the InventoryCredit Parties and their Subsidiaries.

Appears in 1 contract

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

Accounting System. Maintain a system of accounting that enables Parent and its Subsidiaries 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 its Subsidiaries Active Obligors 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 1 contract

Sources: Credit Agreement (Bookham, Inc.)

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agent. Parent and its Subsidiaries 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

Sources: Loan and Security Agreement (Paincare Holdings Inc)

Accounting System. Maintain a system of accounting that enables Parent 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 reasonably may be requested by Agent. Parent and its Subsidiaries 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 1 contract

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