Common use of System of Accounting Clause in Contracts

System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the financial reports (which shall be prepared in accordance with generally accepted accounting principles) furnished pursuant to this Agreement.

Appears in 11 contracts

Samples: Stockholders’ Agreement (Leap Therapeutics, Inc.), Stockholders Agreement (Replidyne Inc), Stockholders' Agreement (Activbiotics Inc)

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System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the financial reports (which shall be prepared in accordance with generally accepted accounting principles) furnished pursuant to this Agreementhereto.

Appears in 2 contracts

Samples: Stockholders’ Agreement, Stockholders’ Agreement (Proteostasis Therapeutics, Inc.)

System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the financial reports (which shall be prepared in accordance with generally accepted accounting principles) furnished pursuant to this Agreement.. 2.10

Appears in 1 contract

Samples: Stockholders Agreement

System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the 22 -22- financial reports (which shall be prepared in accordance with generally accepted accounting principles) furnished pursuant to this Agreement.

Appears in 1 contract

Samples: Stockholders' Agreement (Leukosite Inc)

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System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and U.S. generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the financial reports (which shall be prepared in accordance with U.S. generally accepted accounting principles) furnished pursuant to this Agreement.

Appears in 1 contract

Samples: Stockholders' Agreement (Tolerrx Inc)

System of Accounting. The Corporation shall maintain, and cause each of its subsidiaries, when and if any shall exist, to maintain, its books of accounts, related records and system of accounting in accordance with good business practices and generally accepted accounting principles, and shall cause the matters contained therein to be appropriately and accurately reflected in the financial reports (which shall be prepared in accordance with generally accepted accounting principles) furnished pursuant to this Agreement.. 2.8

Appears in 1 contract

Samples: Stockholders' Agreement (New Brunswick Scientific Co Inc)

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