Financial Statements, Reports and Documents. (a) The Borrower shall accurately and fairly maintain its books of account in accordance with GAAP, employ a firm of independent certified public accountants, which firm is one of the six largest national accounting firms or which is approved by the Lender, to make annual audits of its accounts in accordance with generally accepted auditing standards; permit the Lender and its representatives to have access to and to examine its properties, books and records (and to copy and make extracts therefrom) at such reasonable times and intervals as the Lender may request; and to discuss its affairs, finances and accounts with its officers and auditors, all to such reasonable extent and at such reasonable times and intervals as the Lender may request.
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Samples: Convertible Loan Agreement (Integrated Security Systems Inc), Convertible Debenture Loan Agreement (Biodynamics International Inc)
Financial Statements, Reports and Documents. (a) The Borrower shall accurately and fairly maintain its books of account in accordance with GAAPgenerally accepted accounting principles, employ a firm of independent certified public accountants, which firm is either one of the six largest national accounting firms or which is approved by the Lender, to make annual audits of its accounts in accordance with generally accepted auditing standards; permit the Lender and its representatives to have access to and to examine its properties, books and records (and to copy and make extracts therefrom) at such reasonable times and intervals as the Lender may request; request and to discuss its affairs, finances and accounts with its officers and auditors, all to such reasonable extent and at such reasonable times and intervals as the Lender may request.
Appears in 1 contract
Samples: Convertible Debenture Loan Agreement (Packaging Research Corp)
Financial Statements, Reports and Documents. (a) The Borrower shall accurately and fairly maintain its books of account in accordance with GAAP, employ a firm of independent certified public accountants, which firm is and shall be one of the six largest national accounting firms or which is approved by the LenderMajority in Interest, to make annual audits of its accounts in accordance with generally accepted auditing standards; permit the Lender Lenders and its their representatives to have access to and to examine its properties, books and records (and to copy and make extracts therefrom) at such reasonable times and intervals as the Lender Lenders may request; and to discuss its affairs, finances and accounts with its officers and auditors, all to such reasonable extent and at such reasonable times and intervals as the Lender Lenders may request.
Appears in 1 contract
Samples: Agreement (Canmax Inc /Wy/)