Common use of Maintenance of Records and Books of Account Clause in Contracts

Maintenance of Records and Books of Account. The Borrower shall keep and cause each Subsidiary to keep accurate records and books of account, in accordance with GAAP consistently applied reflecting all its financial transactions.

Appears in 3 contracts

Samples: Loan Agreement (Seabulk International Inc), Loan Agreement (Seabulk International Inc), Term Loan and Security Agreement (Kimmins Corp/De)

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Maintenance of Records and Books of Account. The Borrower and each of its Guarantors shall keep and cause each Subsidiary to keep accurate records and books of accounttheir accounts, in accordance with GAAP consistently applied reflecting all its financial transactionsapplied.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

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