Common use of Accounting Practice Clause in Contracts

Accounting Practice. All matters involving accounting practice are to be determined both as to classification of items and amounts in accordance with generally accepted principles of accounting practice consistently applied by the Borrower's accountants in the preparation of its previous annual financial statements.

Appears in 3 contracts

Samples: Term Loan Agreement (Mikron Instrument Co Inc), Credit Agreement (Fragrancenet Com Inc), Line of Credit Agreement (Mikron Instrument Co Inc)

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Accounting Practice. All matters involving accounting practice are to be determined both as to classification of items and amounts in accordance with generally accepted principles of accounting practice consistently applied by the Borrower's ’s accountants in the preparation of its previous annual financial statements.

Appears in 2 contracts

Samples: Term Loan Agreement (Vivus Inc), Technical Communications Corp

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