Financial Computations Clause Samples
The Financial Computations clause defines the methods and standards used to calculate monetary amounts under the agreement. It typically specifies how figures such as interest, fees, or damages are determined, including any formulas, reference rates, or rounding conventions to be applied. By establishing clear rules for financial calculations, this clause ensures consistency and transparency, reducing the risk of disputes over payment amounts or financial obligations.
Financial Computations. Except as otherwise stated in this Agreement, all financial information provided to the Bank and all financial covenants will be made in accordance with accounting principles applied consistently with those applied in the preparation of the Borrower's financial statements dated July 21, 2001, and shall specifically exclude any upward revaluation of assets (other than marketable securities) after that date.
Financial Computations. Except as otherwise stated in this Agreement, all financial information provided to the Bank and all financial covenants will be made in accordance with accounting principles applied consistently with those applied in the preparation of the Borrower's financial statements dated March 27, 1998, and shall specifically exclude any upward revaluation of assets (other than marketable securities) after that date.
Financial Computations. Unless specifically indicated to the contrary herein, all accounting computations and determinations hereunder shall be calculated or determined in accordance with GAAP.