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Common use of Controls Clause in Contracts

Controls. The Company currently maintains and will maintain 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 conformity with generally accepted accounting principles and to maintain accountability for assets; (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 existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (ReachLocal Inc), Investors’ Rights Agreement (Bakbone Software Inc)

Controls. The Company currently maintains and will shall use its best reasonable efforts to maintain a system of internal accounting controls sufficient to provide reasonable assurances that that: (i) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in conformity accordance with generally accepted accounting principles GAAP and to maintain accountability for assets; (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 existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 2 contracts

Samples: Underwriting Agreement (Medirom Healthcare Technologies Inc.), Underwriting Agreement (Medirom Healthcare Technologies Inc.)

Controls. The Company currently maintains and will maintain a system of internal accounting controls sufficient to provide reasonable assurances that that: (i) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in conformity accordance with generally accepted accounting principles GAAP and to maintain accountability for assets; (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 existing assets at reasonable intervals and appropriate action is taken with respect to any differences.. ​ ​

Appears in 1 contract

Samples: Underwriting Agreement (OceanPal Inc.)

Controls. The Company currently maintains and will each of its Subsidiaries (A) make and keep accurate books and records and (B) maintain a system of internal accounting controls sufficient to which provide reasonable assurances assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; 's authorization, (ii) transactions are recorded as necessary to permit preparation of its financial statements in conformity with generally accepted accounting principles and to maintain accountability for its assets; , (iii) access to its assets is permitted only in accordance with management’s general or specific authorization; 's authorization and (iv) the recorded reported accountability for its assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differencesintervals.

Appears in 1 contract

Samples: Purchase Agreement (American Commercial Lines Inc.)

Controls. The Company currently maintains and will use commercially reasonably efforts to maintain a system of internal accounting controls sufficient to provide reasonable assurances that that: (i) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in conformity accordance with generally accepted accounting principles GAAP and to maintain accountability for assets; (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 existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Underwriting Agreement (NeoVolta Inc.)

Controls. The Company currently maintains and will maintain a -------- system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s '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 accountability for assets; (iii) access to assets is permitted only in accordance with management’s 's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Investors Rights Agreement (Verticalnet Inc)

Controls. The Company currently maintains and will maintain a system of internal accounting controls sufficient to provide reasonable assurances that that: (i) transactions are executed in accordance with management’s general or specific authorizationsauthorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in conformity accordance with generally accepted accounting principles GAAP and to maintain accountability for assets; (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 existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Underwriting Agreement (Zivo Bioscience, Inc.)

Controls. The Company currently maintains and will maintain a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s '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 accountability for assetsprinciples; (iii) access to assets is permitted only in accordance with management’s 's general or specific authorizationauthorizations; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Stockholders Agreement (Exactis Com Inc)