Common use of The Accounts Clause in Contracts

The Accounts. (i) comply with the requirements of all applicable legislation; (ii) were prepared on the same basis and in accordance with the same accounting policies as the audited accounts of the Company were prepared in the preceding three years and six months and in accordance with accounting practices generally accepted in the place of preparation of such accounts at the time they were audited and commonly adopted by companies carrying on businesses similar to that carried on by the Company; (iii) (including the management financial information therein) are complete and accurate in all material respects and in particular make full provision for all bad and doubtful debts and established liabilities and make proper provision for (or contain a note in accordance with good accounting practice respecting) all deferred or contingent liabilities (whether liquidated or unliquidated) at the date thereof; (iv) give a true and fair view of the state of affairs and financial position of the Company at the Accounts Date and of the results of the Company for the financial period covered by the Accounts and the management financial information therein fairly represent the state of affairs and financial position of the Company for the period covered by the Accounts; (v) (including the management financial information therein) are not affected by any unusual or non-recurring items which are not disclosed in the Accounts.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Nam Tai Electronics Inc), Supplemental Agreement (Nam Tai Electronics Inc), Agreement Supplemental to the Agreement Dated 24 September 2007 (Nam Tai Electronics Inc)

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The Accounts. (i) comply with the requirements of all applicable legislation; (ii) were prepared on the same basis and in accordance with the same accounting policies as the audited accounts of the Company Target Companies were prepared in the preceding three years and six months and in accordance with accounting practices generally accepted in the place of preparation of such accounts at the time they were audited and commonly adopted by companies carrying on businesses similar to that carried on by the CompanyTarget Companies; (iii) (including the management financial information therein) are complete and accurate in all material respects and in particular make full provision for all bad and doubtful debts and established liabilities and make proper provision for (or contain a note in accordance with good accounting practice respecting) all deferred or contingent liabilities (whether liquidated or unliquidated) at the date thereof; (iv) give a true and fair view of the state of affairs and financial position of the Company Target Companies at the Accounts Date and of the results of the Company Target Companies for the financial period covered by the Accounts and the management financial information therein fairly represent the state of affairs and financial position of the Company Target Companies for the period covered by the Accounts; (v) (including the management financial information therein) are not affected by any unusual or non-recurring items which are not disclosed in the Accounts.

Appears in 2 contracts

Samples: Supplemental Agreement (Nam Tai Electronics Inc), Sale and Purchase Agreement (Nam Tai Electronics Inc)

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