Change in Accounting Policy. Any material change in any accounting policy of any SPV Entity or any Originator that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document (it being understood that any change to the manner in which any Originator accounts for the Pool Receivables shall be deemed “material” for such purpose).
Change in Accounting Policy. Any material change in any accounting policy of any Servicer that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document.
Change in Accounting Policy. Promptly notify Agent and each Purchaser Agent of any material change in the accounting policy of any Originator or Performance Guarantor if such change relates to the Receivables or the origination or servicing thereof or the transactions contemplated by the Transaction Documents.
Change in Accounting Policy. Prompt notice of any material change in the accounting policy of Seller if such change relates to the Receivables or the origination or servicing thereof or the transactions contemplated by the Transaction Documents.
Change in Accounting Policy. Any material change to the manner in which such Originator accounts for the contribution of Receivables hereunder.
Change in Accounting Policy. The Seller shall not be liable in respect of any Relevant Claim in respect of any matters resulting from a change of accounting policy or practice or the length of any accounting period of the Buyer or the Target Group introduced after Completion.
Change in Accounting Policy. During fiscal 2013 the Company changed its accounting policy with respect to exploration and evaluation expenditures. In prior years the Company's policy was to expense mineral exploration and development costs as incurred until such time as either mineral reserves are proven or permits to operate the mineral resource property are received and financing to complete the development are obtained. Effective with the presentation of the fiscal 2013 consolidated financial statements, on a retrospective basis, the Company elected to change this accounting policy to capitalize by property all costs relating to the exploration and evaluation of mineral properties classified as exploration and evaluation assets. The effects of the change in accounting policy related to the Company's exploration and evaluation assets for fiscal 2012 are as follows: TASMAN METALS LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED AUGUST 31, 2014, 2013 AND 2012 (Expressed in Canadian Dollars - Unless Otherwise Stated) _____________________________________________________________________________________________________________________________________
Change in Accounting Policy. Since the second quarter of 2008, the Company has intended to record the obligations under the buying/selling forward contract as a hedge against exchange rate risk on the contract date from the previous method of recording the obligations only on the delivery due dates. The change in accounting policy above has necessitated the Company to restate its financial statements as if it has always applied with this new policy. The Company has to recognize the assets or liabilities which are denominated in foreign currency on the contract date, using the exchange rate of the forward buying or selling contract. The difference between the exchange rate in the forward buying or selling contract and the exchange rate on the transaction date when the forward exchange contract obligations are recognized is recorded under the premium or discount on forward contract, which will be recognized as an income or expense by the straight-line method over the life of the contract. If there are assets or liabilities under the obligations of the buying/selling forward exchange contract outstanding on the balance sheet date, their values will be adjusted to Baht, using the exchange rate announced by Bank of Thailand as the reference rate. The difference arising from this adjustment is recognized as an income or expense in the full amount. The Company has restated the previous period’s consolidated financial statements and the separated financial statements as at December 31, 2007 by recording the net receivable under forward exchange contracts and presenting them under other current assets in the balance sheet of Baht 0.24 million and calculating the cumulative effect of increasing beginning retained earnings in the consolidated and separate financial statements as at January 1, 2008 by Baht 0.32 million, as well as restating the net profit and earnings per share in consolidated and separate financial statements for the year ended December 31, 2007 to decrease by Baht 3.03 million as well as Baht 0.02 per share.
Change in Accounting Policy. The Company changing its auditors or any accounting procedure or policy other than as required by law.
Change in Accounting Policy. Any material change in any accounting policy of the Collection Agent that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document.
