Consistent Basis Clause Samples

Consistent Basis. The Borrower shall set aside on its books from its earnings for each Fiscal Year all such proper reserves, including reserves for depreciation, depletion, obsolescence and amortization of its properties during such Fiscal Year, as shall be required in accordance with Generally Accepted Accounting Principles applied on a Consistent Basis.

Consistent Basis. (a) The Audited Accounts have been prepared on a basis consistent with the audited accounts of the Group Companies for the [**] previous financial years without any changes in accounting policies used save for the change in the Group’s accounting financial year end from 30 June to 31 December and save as required to comply with Applicable Law. (b) The Management Accounts have been prepared with all due care and attention in accordance with the normal practice of the Group on a basis consistent with the management accounts of the Group for the preceding two (2) financial accounting years and there has been no revaluation of any assets, fixed or otherwise, from the value of those assets stated in the Audited Accounts.

Consistent Basis. All references herein to the Company shall be deemed to refer to each of the Persons if more than one are described by such term and any agreement, obligation, duty or liability of the Company shall be a joint and several agreement, obligation, duty or liability of each of the Persons so described by such term.

Consistent Basis. Upon the failure of any Pledgor to so pay or contest such taxes, charges, Liens or assessments, the Agent at its option may pay or contest any of them (the Agent having the sole right to determine the legality or validity and the amount necessary to discharge such taxes, charges, Liens or assessments).

Consistent Basis. The Accounts have been prepared on a basis which in all material respects is consistent with the previous year's practice (except as disclosed in note 1 to the Accounts).