Common use of Books of Account and Reserves Clause in Contracts

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principles. The Company will employ certified public accountants selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, and have annual audits made by such independent public accountants in the course of which such accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission in effect at such time with respect to certificates and opinions of accountants.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Famco Ii Liability Co & Family Financial Strategies Inc), Stock Purchase Agreement (Famco Ii Liability Co & Family Financial Strategies Inc), Stock Purchase Agreement (Telident Inc /Mn/)

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Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principlesGAAP. The Company will employ certified public accountants of established national reputation selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, Securities and Exchange Commission (the “Accountants”). The Company will have annual audits made by such independent public accountants Accountants in the course of which such accountants Accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Securities and Exchange Commission (the “SEC”) in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Metastorm Inc), Stock Purchase Agreement (Metastorm Inc), Agreement and Plan of Merger (Metastorm Inc)

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principles. The Company will employ certified public accountants selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Securities and Exchange Commission, and have recognized national standing, and have annual audits made by such independent public accountants in the course of which such accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission in effect at such time with respect to certificates and opinions of accountants.

Appears in 2 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Digi International Inc)

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective material dealings, business and affairs, in accordance with generally accepted accounting principlesGAAP, consistently applied. The Company will employ certified public accountants of established national reputation selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, and SEC (the "Accountants"). The Company will have annual audits made by such independent public accountants Accountants in the course of which such accountants Accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission SEC in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 2 contracts

Samples: Preferred Stock and Warrant Purchase Agreement (Bizness Online Com), Warrant Purchase Agreement (MCG Finance Corp)

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principles. The Company will employ certified public accountants selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, Commission and have annual audits made by such independent public accountants in the course of which such accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company and its Subsidiaries as will satisfy the requirements of the Commission in effect at such time with respect to certificates and opinions of accountants.

Appears in 2 contracts

Samples: Investment Agreement (Techne Corp /Mn/), Investment Agreement (Techne Corp /Mn/)

Books of Account and Reserves. The Company will, and will cause each of its Subsidiaries to, keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principles. The Company will employ certified independent public accountants selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, Commission and have annual audits made by such independent public accountants in the course of which such accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company and its Subsidiaries as will satisfy the requirements of the Commission in effect at such time with respect to certificates and opinions of accountants.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Navarre Corp /Mn/), Stock Purchase Agreement (Valuevision International Inc)

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Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principlesGAAP. The Company will employ certified public accountants selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Securities and Exchange Commission (the "Commission"), and have annual audits made by such independent public accountants in the course of which such accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission in effect at such time with respect to certificates and opinions of accountants.

Appears in 1 contract

Samples: Investment Agreement (Genius Products Inc)

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective dealings, business and affairs, in accordance with generally accepted accounting principlesGAAP. The Company will employ certified public accountants from a national firm as selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the CommissionCommission (the "ACCOUNTANTS"). Commencing with the year ending December 31, and 2001, the Company will have annual audits made by such independent public accountants Accountants in the course of which such accountants Accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 1 contract

Samples: Series B Preferred Stock and Warrant Purchase Agreement (Excalibur Industries Inc)

Books of Account and Reserves. The Company will keep books of record and account in which full, true and correct entries are made of all of its and their respective material dealings, business and affairs, in accordance with generally accepted accounting principlesGAAP. The Company will employ certified public accountants of established national reputation selected by the Board of Directors of the Company who are "independent" within the meaning of the accounting regulations of the Commission, and SEC (the "Accountants"). The Company will have annual audits made by such independent public accountants Accountants in the course of which such accountants Accountants shall make such examinations, in accordance with generally accepted auditing standards, as will enable them to give such reports or opinions with respect to the financial statements of the Company as will satisfy the requirements of the Commission SEC in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 1 contract

Samples: Stock Purchase Agreement (Arch Communications Group Inc /De/)

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