Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 50 contracts
Sources: Securities Purchase Agreement (Reach Messaging Holdings, Inc.), Securities Purchase Agreement (Mphase Technologies Inc), Securities Purchase Agreement (American Security Resources Corp.)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 11 contracts
Sources: Securities Purchase Agreement (Popmail Com Inc), Securities Purchase Agreement (Ifs International Holdings Inc), Securities Purchase Agreement (Storage Computer Corp)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such proper reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 10 contracts
Sources: Securities Purchase Agreement (Innovative Gaming Corp of America), Securities Purchase Agreement (Innovative Gaming Corp of America), Securities Purchase Agreement (Innovative Gaming Corp of America)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Advanced Optics Electronics Inc), Securities Purchase Agreement (Auxer Group Inc), Securities Purchase Agreement (Advanced Optics Electronics Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, true and correct entries shall be made of its transactions, all in accordance with GAAP generally accepted accounting principles applied on a consistent basis through all periods, and shall set aside on such books for each fiscal year all such proper reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.
Appears in 2 contracts
Sources: Series a Participating Preferred Share Purchase Agreement (Cgen Digital Media Co LTD), Securities Purchase Agreement (24/7 Media Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. ___________ __________ Initials Initials
Appears in 1 contract
Sources: Securities Purchase Agreement (Last Mile Logistics Group, Inc.)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. Initials Initials
Appears in 1 contract
Sources: Securities Purchase Agreement (Human Biosystems Inc)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. ____________ ____________ Initials Initials
Appears in 1 contract
Sources: Securities Purchase Agreement (Traceguard Technologies, Inc.)
Accounting and Reserves. The Company shall maintain a standard and uniform system of accounting and shall keep proper books and records and accounts in which full, true, and correct entries shall be made of its transactions, all in accordance with GAAP applied on consistent basis through all periods, and shall set aside on such books for each fiscal year all such reserves for depreciation, obsolescence, amortization, bad debts and other purposes in connection with its operations as are required by such principles so applied.. G.
Appears in 1 contract
Sources: Securities Purchase Agreement (Material Technologies Inc /Ca/)