Common use of Books of Account and Reserves Clause in Contracts

Books of Account and Reserves. The Company will keep books of record and accounts in which full, true and correct entries are made of all of its 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 2 contracts

Samples: Convertible Debenture Purchase Agreement (Wireless Ronin Technologies Inc), Convertible Debenture Purchase Agreement (Wireless Ronin Technologies Inc)

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Books of Account and Reserves. The Company will keep books of record and accounts account in which full, true and correct entries are made of all of its 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 SEC. The Company will 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 SEC in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 1 contract

Samples: Exhibit a Stock Purchase Agreement (Harvest States Cooperatives)

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Books of Account and Reserves. The Company will keep books of record and accounts account in which full, true and correct entries are made of all of its 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” independent within the meaning of the accounting regulations of the Commission and SEC. The Company will 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 SEC in effect at such time with respect to certificates and reports or opinions of accountants.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sparta Foods Inc)

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