Common use of Accounting Terms and Reports Clause in Contracts

Accounting Terms and Reports. All accounting terms not specifically defined in this Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower in prior years. All financial reports furnished by Borrower to Lender pursuant to this Agreement shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors. All financial projections furnished by Borrower to Lender pursuant to this Agreement shall be prepared in such form and such detail as shall be satisfactory to Lender and shall be prepared on the same basis as the financial reports furnished by Borrower to Lender.

Appears in 2 contracts

Samples: Credit Loan Agreement (Firstcity Financial Corp), Credit Loan Agreement (Firstcity Financial Corp)

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Accounting Terms and Reports. All accounting terms not specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower Company in prior years. All financial reports furnished by Borrower Company to Lender Banks pursuant to this Agreement shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors. All financial projections furnished by Borrower to Lender pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Lender Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Borrower Company to LenderBanks.

Appears in 2 contracts

Samples: Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)

Accounting Terms and Reports. All accounting terms not specifically ---------------------------- defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower Company in prior years. All financial reports furnished by Borrower Company to Lender Banks pursuant to this Agreement shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors. All financial projections furnished by Borrower to Lender pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Lender Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Borrower Company to LenderBanks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

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Accounting Terms and Reports. All accounting terms not ---------------------------- specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Borrower Company in prior years. All financial reports furnished by Borrower Company to Lender Banks pursuant to this Agreement shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors. All financial projections furnished by Borrower to Lender pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Lender Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Borrower Company to LenderBanks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

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