Common use of Accounting Terms and Computations Clause in Contracts

Accounting Terms and Computations. For purposes of this Agreement, (i) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (ii) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iii) all financial statements and other financial information to be delivered by the Borrowers hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (iv) all computations, financial statements and other financial information of the Borrowers hereunder shall be determined on a consolidated basis in accordance with GAAP.

Appears in 2 contracts

Samples: Securities Purchase and Sale Agreement (Vintage Capital Group, LLC), Securities Purchase and Sale Agreement (Caprius Inc)

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Accounting Terms and Computations. For purposes of this Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers Company Parties hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (ivd) all computations, financial statements and other financial information of the Borrowers Company Parties hereunder shall be determined on a consolidated basis in accordance with GAAP.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Quiznos Corp), Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp)

Accounting Terms and Computations. For purposes of this Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers any Company Party hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-year- end audit adjustments and may omit footnotes and (ivd) all computations, financial statements and other financial information of the Borrowers Company Parties hereunder shall be determined on a consolidated basis in accordance with GAAPGAAP (except as otherwise permitted under clause (c) above).

Appears in 1 contract

Samples: Securities Purchase Agreement (Levine Leichtman Capital Partners Ii Lp)

Accounting Terms and Computations. For purposes of this Agreement, (i) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (ii) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iii) all financial statements and other financial information to be delivered by the Borrowers Company Parties hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (iv) all computations, financial statements and other financial information of the Borrowers Company Parties hereunder shall be determined on a consolidated basis in accordance with GAAP.

Appears in 1 contract

Samples: Securities Purchase Agreement (Color Spot Nurseries Inc)

Accounting Terms and Computations. For purposes of this Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers any Catalina Entity hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (ivd) all computations, financial statements and other financial information of the Borrowers hereunder shall be determined on a consolidated basis in accordance with GAAP.and

Appears in 1 contract

Samples: Note Purchase Agreement (Catalina Lighting Inc)

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Accounting Terms and Computations. For purposes of this Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Transaction Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers any Catalina Entity hereunder or under any other Investment Transaction Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (ivd) all computations, financial statements and other financial information of the Borrowers Catalina Entities hereunder shall be determined on a consolidated basis in accordance with GAAP.

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalina Lighting Inc)

Accounting Terms and Computations. For purposes of this --------------------------------- Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (ivd) after the Closing, all computations, financial statements and other financial information of the Borrowers hereunder shall be determined on a consolidated basis in accordance with GAAP.

Appears in 1 contract

Samples: Loan and Securities Purchase Agreement (Falcon Products Inc /De/)

Accounting Terms and Computations. For purposes of this Agreement, (ia) all accounting terms used in this Agreement that are not expressly defined herein have the meanings given to them under GAAP, (iib) all computations made pursuant to this Agreement or any other Investment Document shall be made in accordance with GAAP, (iiic) all financial statements and other financial information to be delivered by the Borrowers any Company Party hereunder or under any other Investment Document shall be prepared in accordance with GAAP, except that any interim financial statements or other financial information which are unaudited may be subject to year-end audit adjustments and may omit footnotes and (ivd) all computations, financial statements and other financial information of the Borrowers Company Parties hereunder shall be determined on a consolidated basis in accordance with GAAPGAAP (except as otherwise permitted under clause (c) above).

Appears in 1 contract

Samples: Securities Purchase Agreement (Interdent Inc)

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