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 order to prepare its Financial Statements. The Company will employ a certified public accounting firm 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 SEC (the "Accountants"). The Company will have annual audits made by such 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 SEC in effect at such time with respect to reports or opinions of accountants.

Appears in 2 contracts

Samples: Securities Purchase Agreement (TSG Capital Fund Iii L P), Securities Purchase Agreement (Sandler Capital Management)

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Books of Account and Reserves. The Company will keep books of --------------------------------- record and account in order to prepare its Financial Statements. The Company will employ a certified public accounting firm 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 SEC Securities and Exchange Commission (the "Accountants"). The Company will have annual audits made by such 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 SEC Securities and Exchange Commission in effect at such time with respect to reports or opinions of accountants.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pointe Communications Corp)

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Books of Account and Reserves. The Company will keep books of --------------------------------- record and account in order to prepare its Financial Statements. The Company will employ a certified public accounting firm 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 SEC Securities and Exchange Commission (the "Accountants"). The Company will have annual ----------- audits made by such 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 SEC Securities and Exchange Commission in effect at such time with respect to reports or opinions of accountants.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pointe Communications Corp)

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