Books and Records; Internal Accounting Controls. The Records of the Company accurately reflect in all material respects the information relating to the business of the Company, the location and collection of its Properties and the nature of all transactions giving rise to the obligations or accounts receivable of the Company to the extent required to be contained therein. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions is taken with respect to any differences.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Ault Global Holdings, Inc.), Securities Purchase Agreement (DPW Holdings, Inc.), Securities Purchase Agreement (DPW Holdings, Inc.)
Books and Records; Internal Accounting Controls. The Records books, records and documents of the Company accurately reflect in all material respects the information relating to the business of the Company, the location and collection of its Properties their assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company to the extent required to be contained thereinCompany. The Company maintains a system of internal accounting controls sufficient sufficient, in the judgment of the Company's board of directors, to provide reasonable assurance that: that (i) transactions are executed in accordance with management’s 's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s 's general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions is are taken with respect to any differences.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Zhongpin Inc.), Securities Purchase Agreement (Intelli Check Inc), Securities Purchase Agreement (Strong Technical Inc)
Books and Records; Internal Accounting Controls. The Records books, records and documents of the Company accurately reflect in all material respects the information relating to the business of the Company, the location and collection of its Properties their assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company to the extent required to be contained thereinCompany. The Company maintains a system of internal accounting controls sufficient sufficient, in the judgment of the Company’s board of directors, to provide reasonable assurance that: that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions is are taken with respect to any differences.
Appears in 2 contracts
Samples: Securities Purchase Agreement (ImmunoCellular Therapeutics, Ltd.), Securities Purchase Agreement (ImmunoCellular Therapeutics, Ltd.)
Books and Records; Internal Accounting Controls. The Records books and records of the Company accurately reflect in all material respects the information relating to the business of the Company, the location and collection of its Properties and the nature of all transactions giving rise to the obligations or accounts receivable of the Company to the extent required to be contained therein. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that: ; (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions is taken with respect to any differences.
Appears in 1 contract