Common use of Books and Records; Xxxxxxxx-Xxxxx Compliance Clause in Contracts

Books and Records; Xxxxxxxx-Xxxxx Compliance. (a) Except as set forth in the Partnership SEC Documents, the Partnership maintains systems 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 the Partnership consolidated financial statements in conformity with GAAP and to maintain accountability for its assets and liabilities, (iii) access to the assets or incurrence of liabilities is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets and liabilities is compared with existing assets and liabilities at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 4 contracts

Samples: Preferred Unit Purchase Agreement, Purchase Agreement (CSI Compressco LP), Purchase Agreement (Tetra Technologies Inc)

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Books and Records; Xxxxxxxx-Xxxxx Compliance. (a) Except as set forth in the Partnership Company SEC Documents, the Partnership Company maintains systems 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 the Partnership Company consolidated financial statements in conformity with GAAP and to maintain accountability for its assets and liabilities, (iii) access to the assets or incurrence of liabilities is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets and liabilities is compared with existing assets and liabilities at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 3 contracts

Samples: Series a Preferred Stock Purchase Agreement (Axar Capital Management L.P.), Common Stock Purchase Agreement (Stonemor Inc.), Preferred Stock Purchase Agreement (Stonemor Inc.)

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