Common use of True Books Clause in Contracts

True Books. Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 20 contracts

Samples: Revolving Credit and Security Agreement (Occupational Health & Rehabilitation Inc), Loan and Security Agreement (NationsHealth, Inc.), Credit and Security Agreement (Synavant Inc)

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True Books. Borrower shall (ia) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 5 contracts

Samples: Revolving Credit and Security Agreement (America Service Group Inc /De), Credit and Term Loan Agreement (Gardenburger Inc), Credit and Security Agreement (America Service Group Inc /De)

True Books. Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 3 contracts

Samples: Credit and Security Agreement (Diamond Resorts Parent, LLC), Credit and Security Agreement (Diamond Resorts Parent, LLC), Revolving Credit and Security Agreement (Women First Healthcare Inc)

True Books. Each Borrower shall (i) keep true, complete and accurate books of record and account accounts in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Credit and Security Agreement (ALKALINE WATER Co INC), Credit and Security Agreement (TRANS LUX Corp)

True Books. Each Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Skilled Healthcare Group Inc), Credit Agreement (Skilled Healthcare Group Inc)

True Books. Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxesTaxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Bridge Loan and Security Agreement (NationsHealth, Inc.), Bridge Loan and Security Agreement (NationsHealth, Inc.)

True Books. Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year year-end financial statements.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sweetgreen, Inc.), Loan and Security Agreement (Sweetgreen, Inc.)

True Books. Each Borrower and Guarantor shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (PHC Inc /Ma/), Credit, Term Loan and Security Agreement (PHC Inc /Ma/)

True Books. Borrower shall (ia) keep true, complete and accurate in all material respects (in accordance with GAAP) books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its businessbusinesses, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Redenvelope Inc), Revolving Credit and Security Agreement (Redenvelope Inc)

True Books. Borrower shall (i) keep true, complete and accurate books of record and account accounts in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 2 contracts

Samples: Credit and Security Agreement (Cca Industries Inc), Credit and Security Agreement (Selway Capital Acquisition Corp.)

True Books. Each Borrower shall (ia) keep true, complete and accurate (in accordance with GAAP) books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: , and Security Agreement (Advanced Nutraceuticals Inc/Tx)

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True Books. Borrower and each Subsidiary of Borrower shall (i) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Access Worldwide Communications Inc)

True Books. Borrower Borrowers shall (ia) keep true, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its Borrowers’ business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Smart for Life, Inc.)

True Books. Borrower shall (ia) keep true, complete and accurate (in accordance GAAP) books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Loan and Security Agreement (Acorn Products Inc)

True Books. Borrower Borrowers shall (i) keep true, complete and accurate books of record and account accounts in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its their books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its their business, and include such reserves in its their quarterly as well as year year-end financial statements.

Appears in 1 contract

Samples: Credit and Security Agreement (Interpace Diagnostics Group, Inc.)

True Books. Each Borrower shall (ia) keep true, correct, complete and accurate books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Revolving Credit Agreement (Integrated Healthcare Holdings Inc)

True Books. Borrower Borrowers shall (ia) keep true, complete and accurate (in accordance with GAAP) books of record and account in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (iib) set up and maintain on its their books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, assessments, charges, levies and claims and with respect to its businesstheir businesses, and include such reserves in its their quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Covista Communications Inc)

True Books. Borrower shall (i) keep true, complete and accurate books of record and account accounts in accordance with commercially reasonable business practices in which true and correct entries are made of all of its and their dealings and transactions in all material respects; and (ii) set up and maintain on its books such reserves as may be required by GAAP with respect to doubtful accounts and all taxes, 58 assessments, charges, levies and claims and with respect to its business, and include such reserves in its quarterly as well as year end financial statements.

Appears in 1 contract

Samples: Credit and Security Agreement (Hooper Holmes Inc)

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