Approved Accounting Principles Sample Clauses

Approved Accounting Principles. All financial statements or accounts of the Parent or any other member of the Group delivered or to be delivered to the Agent under this Agreement shall be prepared in accordance with Approved Accounting Principles (in the case of management accounts for Accounting Periods and Accounting Quarters within the reasonable parameters which may be expected of management accounts not the subject of audit procedures).
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Approved Accounting Principles. All accounts of any Group Company delivered to the Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles and, in the case of Annual Accounts, in compliance with the Irish Companies Acts 1963 to 2001. If there is a change in the Approved Accounting Principles after the date of this agreement:
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Approved Accounting Principles. 95 Executed Copy 97 All audited financial statements or accounts of the Obligors delivered or to be delivered to the Agent under this Agreement shall be prepared in accordance with the relevant Approved Accounting Principles. If, (i) as a result of a change in law or other change in Approved Accounting Principles such statements or accounts are required to be prepared on a different basis, or (ii) any change in Approved Accounting Principles would result in any material change in the manner in which any item relevant to the covenants in Clause 13.4 (Financial Covenants) is accounted for or reported by any Obligor, or (iii) any Obligor shall propose to change its Approved Accounting Principles from those specified in the definitions herein:-
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Approved Accounting Principles. All accounts delivered to the Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles and, in the case of Annual Accounts, in compliance with the Companies Act 1985. If there is a change in the Approved Accounxxxx Xxxnciples after the date of this agreement:
Sample 1
Approved Accounting Principles. All financial statements of the Parent delivered or to be delivered to the Facility Agent under this Agreement shall be prepared in accordance with the Approved Accounting Principles. If as a result of a change in accounting principles such financial statements are required to be prepared on a different basis (and that difference is or could reasonably be expected to be relevant to the calculation of the financial ratios under this Agreement or otherwise material to the interests of the Finance Parties under this Agreement):
Sample 1
Approved Accounting Principles. All accounts of any Group Company delivered to the Mezzanine Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles and, in the case of Annual Accounts, in compliance with the Irish Companies Acts 1963 to 2001. If there is a change in the Approved Accounting Principles after the date of this agreement:
Sample 1

Related to Approved Accounting Principles

  • Generally Accepted Accounting Principles Wherever in this Agreement reference is made to generally accepted accounting principles, such reference shall be deemed to be the recommendations at the relevant time of the Canadian Institute of Chartered Accountants, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with generally accepted accounting principles. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with GAAP, to the extent applicable, except where such principles are inconsistent with the requirements of this Agreement.

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Financial Accounting Practices The Borrower shall, and shall cause each of its Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management's general or specific authorization, (b) transactions are recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with management's general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Accounting Practice Except as otherwise provided herein, all Mortgage Loan account records must be maintained according to (a) the Uniform Single Attestation Program for Mortgage Bankers and (b) where applicable, sound and generally accepted accounting practices.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles:

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof.

  • Tax Accounting Practices The Tax Return shall be prepared consistently with past Tax accounting practices to the extent permissible under applicable Tax Law.

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