Common use of Accounting Systems Clause in Contracts

Accounting Systems. Each of the Company and the Subsidiaries maintains a system of 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 to permit preparation of consolidated financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Accounting Systems. Each The Company and each of the Company and the Subsidiaries maintains Founding Companies maintain a system of 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 to permit preparation of consolidated financial statements in conformity with generally accepted accounting principles as applied in the United States and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Accounting Systems. Each of the The Company and the its Subsidiaries maintains maintain a system of internal accounting controls sufficient to provide reasonable assurances that assurance that: (i) transactions are executed in accordance with management's ’s general or specific authorizationauthorizations; (ii) transactions are recorded as necessary to permit preparation of consolidated financial statements of the Company in conformity with generally accepted accounting principles GAAP and to maintain accountability for assets; (iii) access to the assets the Company and its Subsidiaries is permitted only in accordance with management's general or specific ’s authorization; and (iv) the recorded accountability value for the existing assets is compared with existing assets the actual levels thereof at reasonable intervals and appropriate action is taken with respect to any differences.

Accounting Systems. Each of the The Company and the Subsidiaries maintains a system of 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 to permit preparation of consolidated financial statements in conformity with generally accepted accounting principles as applied in the United States and to maintain accountability for assets; , (iii) access to assets is permitted only in accordance with management's general or specific authorization; authorization and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.