Common use of Keeping of Books and Records Clause in Contracts

Keeping of Books and Records. The Seller shall continue to keep adequate records and books of account, in which complete entries will be made in accordance with its existing accounting principles consistently applied, reflecting all financial transactions and in which all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in connection with its ownership and operation of the Biotech Incubator Facility.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Seragen Inc), Asset Purchase Agreement (Seragen Inc)

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Keeping of Books and Records. The Seller shall continue to keep adequate ---------------------------- records and books of account, in which complete entries will be made in accordance with its existing generally accepted accounting principles consistently applied, reflecting all financial transactions and in which all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in connection with its ownership and operation of the Biotech Incubator Facilitybusiness shall be made.

Appears in 1 contract

Samples: Asset Purchase Agreement (Jennings J B)

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Keeping of Books and Records. The Seller shall continue to keep ---------------------------- adequate records and books of account, in which complete entries will be made in accordance with its existing generally accepted accounting principles consistently applied, reflecting all financial transactions and in which all proper reserves for depreciation, depletion, obsolescence, amortization, taxes, bad debts and other purposes in connection with its ownership and operation of the Biotech Incubator Facilitybusiness shall be made.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lewis Bret A)

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