Accounting Terms; Calculations. (a) In any Loan Document, unless specified otherwise, each accounting term has the meaning assigned to it under IFRS.
Accounting Terms; Calculations. All accounting terms not specifically defined herein shall have the meanings generally attributed to such terms under GAAP. Calculations hereunder shall be made and financial data required hereby shall be prepared, both as to classification of items and as to amounts, in accordance with GAAP, consistently applied (except as otherwise specifically required herein).
Accounting Terms; Calculations. All accounting and financial terms not specifically defined herein shall be construed in accordance with GAAP as in effect from time to time. All financial statements shall reflect the Borrowers adoption of FAS 143 (if applicable), and, if any change in GAAP in itself affects the calculation of any financial covenant set forth in this Agreement, the Borrower Representative may by written notice to the Lender, or the Lender may, by written notice to the Borrower Representative, require that such covenant thereafter be calculated in accordance with GAAP as in effect (and applied by the Borrowers) immediately before such change in GAAP occurs. If any such notice is given, compliance certificates delivered pursuant to this Agreement after such change shall be accompanied by reconciliations of the difference between the calculation set forth therein and a calculation made in accordance with GAAP as in effect from time to time after such change occurs.
Accounting Terms; Calculations. (a) In any Loan Document, unless specified otherwise, each accounting term has the meaning assigned to it under GAAP.
Accounting Terms; Calculations. (a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used in preparing the Old OpCo Audited Financial Statements for the fiscal year ended December 31, 2010, except as otherwise specifically prescribed herein.
Accounting Terms; Calculations. Subject to Section 13.04, for ------------------------------ ------------- purposes of this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. For purposes of calculations of all financial covenants pursuant to this Agreement, (i) the Company's interest in OHM and its Subsidiaries prior to the Merger Funding Date shall be accounted for according to the equity method of accounting, (ii) all such calculations shall be adjusted to exclude the impact thereon of the financial performance, assets or liabilities of the Unrestricted Subsidiaries and (iii) the Company's Fiscal Year shall be deemed to have been changed as described in the proviso to Section 9.16
Accounting Terms; Calculations. All accounting and financial terms not specifically defined herein shall be construed in accordance with GAAP as in effect from time to time. In all cases, such accounting and financial terms shall be applied on a basis consistent with those applied in the preparation of Instron Corporation's audited financial statements for its fiscal year ending December 31, 1998; provided, however, (a) that all financial statements shall reflect Instron Corporation's adoption of FAS 106 and (b) if any change in GAAP in itself affects the calculation of any financial covenant in Section 7.4 of this Agreement, the Borrower Representative may by written notice to the Administrative Agent, or the Administrative Agent may, or upon request by the Required Banks shall, by written notice to the Borrower Representative, require that such covenant thereafter be calculated in accordance with GAAP as in effect (and applied by Instron Corporation) immediately before such change in GAAP occurs. If any such notice is given, the compliance certificates delivered pursuant to Section 7.1(c) of this Agreement after such change occurs shall be accompanied by reconciliations of the difference between the calculation set forth therein and a calculation made in accordance with GAAP as in effect from time to time after such change occurs. The financial statements to be furnished to the Administrative Agent on behalf of the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved, except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Administrative Agent and, in each case, consented to by the Administrative Agent; provided that, if at any time the computations determining compliance with Section 7.4 utilize accounting principles different from those 11 utilized in the financial statements furnished to the Administrative Agent on behalf of the Banks, such computations shall set forth in reasonable detail a description of the differences and the effect thereof on such computations.
Accounting Terms; Calculations. All accounting and financial terms not specifically defined herein shall be construed in accordance with GAAP as in effect from time to time. In all cases, such accounting and financial terms shall be applied on a basis consistent with those applied in the preparation of consolidated audited financial statements of Hawk Corporation and its consolidated Subsidiaries for the fiscal year ending December 31, 2003 (audited by Ernst & Young LLP); provided, however, if any change in GAAP in itself affects the calculation of any financial covenant set forth in this Agreement, the Borrower Representative may by written notice to the Administrative Agent, or the Administrative Agent may, by written notice to the Borrower, require that such covenant thereafter be calculated in accordance with GAAP as in effect (and applied by the Borrower) immediately before such change in GAAP occurs. If any such notice is given, compliance certificates delivered pursuant this Agreement after such change shall be accompanied by reconciliations of the difference between the calculation set forth therein and a calculation made in accordance with GAAP as in effect from time to time after such change occurs.
Accounting Terms; Calculations. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. If at any time any change in GAAP or in the policies, procedures or methodologies used in the application thereof from those used in the preparation of the Historical Financial Statements (collectively, the “Historical Principles”) would affect the computation of any financial ratio or financial covenant set forth in any Loan Document (but without limiting the Borrower’s obligation to comply with the restrictions on making such changes set forth in Section 9.15), and the Borrower or DOE shall so request, DOE and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change, provided that, both prior to and after such request is made until so amended, such ratio or requirement shall continue to be computed in accordance with Historical Principles and the Borrower shall provide to DOE reconciliation statements requested by DOE (reconciling the computations of such financial ratios and requirements from the then-current computations to the computations under the Historical Principles) in connection therewith. Financial Statements required to be delivered by the Borrower to DOE pursuant to Section 8.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation applied in a manner consistent with the Historical Principles except to the extent of any change in GAAP or any change in the application thereof that DOE was notified of in accordance with Section 8.1(e) (and delivered together with the reconciliation statements provided for in Section 8.1(e)). Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with the Historical Principles.
Accounting Terms; Calculations. Unless otherwise expressly defined or specified in this Agreement, all accounting terms shall have the meaning given to such terms under Mexican GAAP.
