Common use of Internal Accounting Controls; Financial Information Clause in Contracts

Internal Accounting Controls; Financial Information. Until the seventh anniversary of the Separation Date, (i) each party shall maintain in effect at its own cost and expense adequate systems and controls for its business to the extent necessary to enable the other party to satisfy its reporting, accounting, audit and other obligations, and (ii) each party shall provide, or cause to be provided, to the other party and its Subsidiaries in such form as such requesting party shall request, at no charge to the requesting party, all financial and other data and information as the requesting party determines necessary or advisable in order to prepare its financial statements and reports or filings with any Governmental Authority.

Appears in 4 contracts

Samples: Master Separation and Distribution Agreement (Roxio Inc), Master Separation and Distribution Agreement (Roxio Inc), Master Separation and Distribution Agreement (Ambassadors Group Inc)

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Internal Accounting Controls; Financial Information. Until the seventh anniversary of After the Separation Date, (i) each party shall maintain in effect at its own cost and expense adequate systems and controls for its business to the extent necessary to enable the other party to satisfy its reporting, accounting, audit and other obligations, and (ii) each party shall provide, or cause to be provided, to the other party and its Subsidiaries in such form as such requesting party shall reasonably request, at no charge to the requesting party, all financial and other data and information as the requesting party reasonably determines necessary or advisable in order to prepare its financial statements and reports or filings with any Governmental Authority.

Appears in 3 contracts

Samples: Master Separation Agreement (Aquila Energy Corp), Master Separation Agreement (Aquila Inc), Master Separation Agreement (Aquila Inc)

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Internal Accounting Controls; Financial Information. Until the seventh anniversary of After the Separation Date, : (iI) each party shall maintain in effect at its own cost and expense adequate systems and controls for its business to the extent necessary to enable the other party to satisfy its reporting, accounting, audit and other obligations, and (iiII) each party shall provide, or cause to be provided, to the other party and its Subsidiaries in such form as such requesting party shall request, at no charge to the requesting party, all financial and other data and information as the requesting party determines necessary or advisable in order to prepare its financial statements and reports or filings with any Governmental Authority.

Appears in 2 contracts

Samples: Separation Agreement (Millipore Microelectronics Inc), Separation Agreement (Millipore Corp /Ma)

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