Common use of Records and Accounts Clause in Contracts

Records and Accounts. Each of the Borrowers will keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Eastern Environmental Services Inc), Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc), Revolving Credit Agreement (Casella Waste Systems Inc)

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Records and Accounts. Each of the Borrowers Borrower will (a) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and other reserves, all other proper reservesin accordance with GAAP.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Dynamics Research Corp), Revolving Credit Agreement (Dynamics Research Corp), Revolving Credit and Term Loan Agreement (Nashua Corp)

Records and Accounts. Each of the Borrowers will The Borrower shall keep true and accurate records and books of account in which full, true and correct entries will shall be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes)Taxes, all depreciation, depletion, obsolescence and amortization of its their properties, all other contingencies, and all other proper reserves.

Appears in 4 contracts

Samples: Loan Agreement (K-Sea Transportation Partners Lp), Loan Agreement (K-Sea Transportation Partners Lp), Loan Agreement (K-Sea Transportation Partners Lp)

Records and Accounts. Each of the Borrowers Borrower will (i) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and GAAP, (ii) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and other reserves, and (iii) at all other proper reservestimes engage Accountants as the independent certified public accountants of the Borrowers.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc), Revolving Credit Agreement (Nationsrent Inc), Revolving Credit and Term Loan Agreement (Nationsrent Inc)

Records and Accounts. Each of the Borrowers will keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities authorities, and will maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Mastec Inc), Revolving Credit Agreement (Superior Services Inc), Revolving Credit Agreement (Superior Services Inc)

Records and Accounts. Each of the Borrowers Borrower will (i) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (ii) maintain adequate accounts and reserves for all taxes Taxes (including income taxesTaxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and other reserves, all other proper reservesin accordance with GAAP.

Appears in 2 contracts

Samples: Senior Secured Convertible Loan Agreement (Orgenesis Inc.), Convertible Loan Agreement (X-Factor Communications Holdings, Inc.)

Records and Accounts. Each of the Borrowers Borrower will (i) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (ii) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and other reserves, and (iii) at all other proper reservestimes engage Accountants as the independent certified public accountants of the Borrowers.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Nationsrent Inc), Revolving Credit and Term Loan Agreement (Nationsrent Inc)

Records and Accounts. Each of the Borrowers The Borrower will (a) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP GAAP, and with the requirements of all regulatory authorities and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Virtual Communications Inc)

Records and Accounts. Each of the Borrowers Borrower will keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence depreciation and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

Records and Accounts. Each of the Borrowers Borrower and Guarantor will keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence depreciation and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

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Records and Accounts. Each The Borrower and each of the Borrowers Guarantors will (a) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other properties contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Term Loan Agreement (Moran Transportation Co)

Records and Accounts. Each of the The Borrowers will keep true and accurate -------------------- records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its their properties, all other contingencies, and all other proper reservesreserves in accordance with GAAP or as required by applicable regulatory authorities.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (United States Filter Corp)

Records and Accounts. Each of the Borrowers will keep true and --------------------- accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eastern Environmental Services Inc)

Records and Accounts. Each of the Borrowers will (a) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence depreciation and amortization of its properties, all other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Loan Agreement (Grossmans Inc)

Records and Accounts. Each of the The Borrowers will (a) keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and (b) maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence depreciation and amortization of its properties, all contingencies and other contingencies, and all other proper reserves.

Appears in 1 contract

Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.)

Records and Accounts. Each of the The Borrowers will keep true and accurate ------- --- -------- records and books of account in which full, true and correct entries will be made in accordance with GAAP and with the requirements of all regulatory authorities and maintain adequate accounts and reserves for all taxes (including income taxes), depreciation, depletion, obsolescence and amortization of its their properties, all other contingencies, and all other proper reservesreserves in accordance with GAAP or as required by applicable regulatory authorities.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (United States Filter Corp)

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