Common use of Accrual Accounting Clause in Contracts

Accrual Accounting. As soon as practicable after Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 Purchaser’ satisfaction, and prepare all the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 Purchasers.

Appears in 4 contracts

Samples: Shares Purchase Agreement, Preferred Shares Purchase Agreement (Pinduoduo Inc.), Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)

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Accrual Accounting. As soon as practicable after the Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 Purchaser’ satisfaction, and prepare all the financial statements in accordance with the international financial reporting accounting standards acceptable to mutually agreed by the Company and the Series B-4 D Purchasers.

Appears in 4 contracts

Samples: Series D Preferred Shares Purchase Agreement, Series D Preferred Shares Purchase Agreement (Pinduoduo Inc.), Series D Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)

Accrual Accounting. As soon as practicable after Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 C Purchaser’ satisfaction, and prepare all the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 C Purchasers.

Appears in 3 contracts

Samples: Series C Preferred Shares Purchase Agreement (Pinduoduo Inc.), Series C Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD), Series C Preferred Shares Purchase Agreement (Walnut Street Group Holding LTD)

Accrual Accounting. As soon as practicable after Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 Purchaser’ the Investor’s satisfaction, and prepare all the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 Purchasers.

Appears in 2 contracts

Samples: Preferred Share Purchase Agreement (Yatsen Holding LTD), Preferred Shares Purchase Agreement (Genetron Holdings LTD)

Accrual Accounting. As soon as practicable after the Note Closing, the Group Companies shall establish and maintain the accounting policies and policies, financial system and internal controls in full compliance with all applicable laws and regulations and to each Series B-4 the Purchaser’s satisfaction, including without limitation, using bank accounts of the Group Companies to process all cash and prepare all amounts of the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 PurchasersGroup Companies.

Appears in 2 contracts

Samples: Notes Purchase Agreement, Notes Purchase Agreement (Puxin LTD)

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Accrual Accounting. As soon as practicable after Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 Purchaserthe Investorsand the Additional Investor’s satisfaction, and prepare all the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 Purchasers.

Appears in 1 contract

Samples: Series D Preferred Shares Purchase Agreement (Genetron Holdings LTD)

Accrual Accounting. As soon as practicable after Closing, the Group Companies shall establish and maintain the accounting policies and financial system in full compliance with all applicable laws and regulations and to each Series B-4 Purchaserthe Investors’ satisfaction, and prepare all the financial statements in accordance with the international financial reporting standards acceptable to the Series B-4 Purchasers.

Appears in 1 contract

Samples: Preferred Share Purchase Agreement (Yatsen Holding LTD)

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