Statement of Accounting. The Borrower shall make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization, (ii) transactions are recorded as necessary (a) to permit preparation of financial statements in conformity with Generally Accepted Accounting Principles and any other accounting principles applicable thereto and (b) to maintain accountability for assets and (iii) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Statement of Accounting. The Co-Borrowers, their Subsidiaries and Affiliates shall make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect their transactions and dispositions of their assets and shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization, (ii) transactions are recorded as necessary (a) to permit preparation of financial statements in conformity with Generally Accepted Accounting Principles and any other accounting principles applicable thereto and (b) to maintain accountability for assets and (iii) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences; provided, however, that with respect to DRS Flight Safety all transactions, books and records are maintained in accordance with generally accepted accounting principles as in effect from time to time in Canada as said principles are developed, modified and set forth in the opinions and pronouncements and/or Handbook of the Canadian Institute of Chartered Accountants.
Statement of Accounting. 53 Section 5.02 Reporting and Information Requirements.......................53
Statement of Accounting. 106 Section 5.02 Reporting and Information Requirements.........................106 Section 5.03 Environmental Notices..........................................111 Section 5.04 Notice of Name Changes and Location Changes....................111
Statement of Accounting. Promptly after the end of each month the Payments Administrator shall send each Borrower a statement accounting for the charges, loans and other transactions occurring among and between the DIP Agent, the Lenders, the Issuing Lenders and each Borrower during that month. Such monthly statements shall constitute prima facie evidence of the accuracy of the information contained therein and shall, absent manifest error, be an account stated, which is final, conclusive and binding on the Borrowers.
Statement of Accounting. Each of the Co-Borrowers shall (i) make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and (ii) maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management’s general or specific authorization, (b) transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with Generally Accepted Accounting Principles and any other accounting principles applicable thereto and (2) to maintain accountability for assets and (c) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Section 5.02
Statement of Accounting. The Borrower shall, and shall cause each of its Subsidiaries and Affiliates, as applicable, (i) to make and to keep books, records and accounts which, in reasonable detail, accurately and fairly reflect their respective transactions and dispositions of their respective assets and (ii) to maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with GAAP and any other accounting principles applicable thereto and (2) to maintain accountability for assets and (c) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Statement of Accounting. The Borrower shall, and shall cause ----------------------- each of the Guarantors, their respective Subsidiaries and Affiliates, as applicable, (i) to make and to keep books, records and accounts which, in reasonable detail, accurately and fairly reflect their respective transactions and dispositions of their respective assets and (ii) to maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (1) to permit preparation of financial statements in conformity with Generally Accepted Accounting Principles and any other accounting principles applicable thereto and (2) to maintain accountability for assets and (c) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Statement of Accounting. 49 Section 5.02
