Books and Records; Internal Controls. The Partnership and the Material Subsidiaries maintain 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 generally accepted accounting principles 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 action is taken with respect to any differences. The Partnership’s and the Material Subsidiaries’ internal controls over financial reporting are effective and none of the Partnership and the Material Subsidiaries are aware of any material weakness in its internal control over financial reporting.
Books and Records; Internal Controls. It maintains a system of internal controls for financial reporting sufficient to provide reasonable assurance (i) that records are maintained in reasonable detail that accurately and fairly reflect the transactions and dispositions of its assets; (ii) that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that its receipts and expenditures are being made only in accordance with authorizations of its management and directors; and (iii) regarding prevention or timely detection of any unauthorized acquisition, use or disposition of its assets that could have a material effect on its financial statements.
Books and Records; Internal Controls. (a) The books of account, minute books, stock record books and other books and records of the Acquired Company and the direct or indirect wholly owned Subsidiaries (i) are complete in all material respects, (ii) are kept in the ordinary course of business in accordance with sound business practices and applicable Laws and (iii) fairly reflect the transactions and dispositions of the Assets of the Acquired Company and the Subsidiaries. Seller has made available to Purchaser the books of account, minute books, stock record books and other books and records of the Acquired Company.
(b) Except as set forth on the Internal Controls Schedule, at the Closing, the Acquired Company or a Subsidiary will have exclusive ownership and direct control of its records, systems, controls, data and information.
(c) Since August 31, 2003, to the Knowledge of Seller, (i) none of the Acquired Company or any Subsidiary has received or otherwise had or obtained Knowledge, nor has any stockholder, director, officer or employee of the Acquired Company or any Subsidiary received or otherwise had or obtained Knowledge of any written complaint, allegation, assertion or claim of any type that the Acquired Company or any Subsidiary has, since August 31, 2003, engaged in material accounting or auditing practices not permitted pursuant to GAAP, and (ii) no attorney representing Xxxxxxx International, Inc. with respect to the Acquired Company or any Subsidiary or representing the Acquired Company or any Subsidiary, whether or not employed by the Acquired Company or any Subsidiary, as the case may be, has reported evidence of a material violation of tax Laws or breach of fiduciary duty by the Acquired Company or any Subsidiary or any of their respective officers, directors or employees (in their capacity as such) of the type that would be required to be reported pursuant to Section 307 of the Xxxxxxxx-Xxxxx Act of 2002 to the board of directors of the Acquired Company or any Subsidiary or any committee thereof or to any director or executive officer of the Acquired Company or any Subsidiary. Since August 31, 2003, there have been no internal investigations regarding accounting initiated at the direction of the board of directors of the Acquired Company or any Subsidiary or any committee thereof.
Books and Records; Internal Controls. Except as set forth in the Prospectus, the Targa Entities maintain 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 generally accepted accounting principles 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 action is taken with respect to any differences. Except as set forth in the Prospectus, the Targa Entities’ internal controls over financial reporting are effective and none of the Company and the Company Group Subsidiaries are aware of any material weakness in its internal control over financial reporting.
Books and Records; Internal Controls. The books, records and accounts of the Company and its subsidiaries accurately and fairly reflect, in reasonable detail, the transactions in, and dispositions of, the assets of, and the results of operations of, the Company and its subsidiaries. The Company and each of its subsidiaries maintains a system of internal accounting controls sufficient to provide reasonable assurances 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 accordance with generally accepted accounting principles 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 action is taken with respect to any differences; the chief executive officer and the chief financial officer of the Company have made all certifications required by the Xxxxxxxx-Xxxxx Act of 2002 (the "Xxxxxxxx-Xxxxx Act") and any related rules and regulations promulgated by the Commission, and the statements contained in any such certification are complete and correct; the Company maintains "disclosure controls and procedures" (as defined in Rule 13a-14(c) under the Exchange Act); the Company is otherwise in compliance in all material respects with all applicable effective provisions of the Xxxxxxxx-Xxxxx Act and is actively taking steps to ensure that it will be in compliance with other applicable provisions of the Xxxxxxxx-Xxxxx Act upon the effectiveness of such provisions.
Books and Records; Internal Controls. The Partnership 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 generally accepted accounting principles 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 action is taken with respect to any differences. The Partnership’s internal controls over financial reporting are effective and the Partnership is not aware of any material weakness in its internal control over financial reporting.
Books and Records; Internal Controls. The books of account, minute books, stock record books, and other material records of the Acquired Companies, all of which, upon request, have been made available to Buyer, are complete and correct in all material respects and have been maintained in accordance with sound business practices. The Acquired Companies have established and are maintaining a system of internal controls and procedures to provide assurances that all material information regarding the Acquired Companies’ operations and financial condition is communicated to the Acquired Companies’ management, including their principal executive and financial officers.
Books and Records; Internal Controls. The books of account, minute books, stock record books, and other records of Buyer are complete and correct in all material respects and have been maintained in accordance with sound business practices. Buyer has established and is maintaining a system of internal controls and procedures to provide assurances that all material information regarding the operations and financial condition of Buyer and its subsidiaries is communicated to Buyer’s management, including its chief executive officer and chief financial officer.
Books and Records; Internal Controls. The books and records of the Company and the Operating Subsidiaries relating to the Assets, including without limitation, the Profit and Loss Statements, fairly reflect the transactions to which they are a party or by which the Assets are bound, and such books and records are and since October 30, 2000, have been properly kept and maintained in accordance with sound business practices and the requirements of Section 13(b)(2) of the Exchange Act (whether or not such entity is subject to such Section), including the maintenance of an adequate system of internal controls. There are no significant deficiencies in the design or operation of the Company's or the Operating Subsidiaries' internal controls which could adversely affect the Company's or the Operating Subsidiaries' ability to record, process, summarize and report financial data. There are no material weaknesses in the Company's or any of the Operating Subsidiaries internal controls. All financial and operational information submitted by the Company and the Operating Subsidiaries to the Acquiror, including without limitation, computer printouts, accurately and fairly represent such amounts and the financial condition and the results of operations of the Stores on and as of the dates for the periods thereof.
Books and Records; Internal Controls. All records relating to Newco, the Company, the Pool Companies, Santa Xxxxxx LP, Santa Xxxxxx GP and the Facility Owners (including books and records, contract documents, accounts receivable data, financial statements and other similar records) are maintained, in all material respects, to the extent applicable, in accordance with GAAP and the internal controls on financial reporting of Newco, the Company, the Pool Companies, Santa Xxxxxx LP, Santa Xxxxxx GP and the Facility Owners.
