Common use of Management Accounts Clause in Contracts

Management Accounts. 5.1 The Management Accounts: (a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared; (b) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and (c) are not inaccurate or misleading in any material respect. 5.2 UM has been provided with a complete copy of the Management Accounts.

Appears in 2 contracts

Samples: Contribution Agreement (Centessa Pharmaceuticals LTD), Contribution Agreement (Centessa Pharmaceuticals LTD)

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Management Accounts. 5.1 The Management Accounts: (a) have been prepared in accordance with good accounting practice for the preparation of management accounts on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared; (b) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and (c) are ore not inaccurate or misleading in any material respect. 5.2 UM has been provided with a complete copy of the Management Accounts.

Appears in 2 contracts

Samples: Subscription and Shareholders’ Agreement, Subscription and Shareholders’ Agreement (Mimecast LTD)

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Management Accounts. 5.1 The Management Accounts: (a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared; (b) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and (c) are not inaccurate or misleading in any material respect. 5.2 UM has been provided with a complete copy of the Management Accounts.

Appears in 1 contract

Samples: Subscription and Shareholders' Agreement

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