GAAP Accounting. The Company shall maintain a system of accounting established and administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP.
GAAP Accounting. Use of derivatives that do not qualify for hedge accounting or deferral accounting under generally accepted accounting principles shall not be utilized unless approval is obtained from the Financial Risk Management Committee.
GAAP Accounting. The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.
GAAP Accounting. 11 1.16 TAKING OF NECESSARY ACTION; FURTHER ACTION...........................................................11 ARTICLE II REPRESENTATIONS AND WARRANTIES AS TO THE COMPANY......................................................11
GAAP Accounting. Unless otherwise noted, Net Working Capital, Company Revenue and all other financial measures used in this Agreement will be determined in accordance with GAAP.
GAAP Accounting. 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 on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to in Article VII shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financing Accounting Standard or FASB Accounting Standards Codification™ having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party or any Subsidiary of any Loan Party at “fair value.”
GAAP Accounting. As soon as reasonably practicable after the Agreement Date, the Company shall use reasonable efforts to implement and maintain a standard system of accounting established and administered in accordance with GAAP and prepare its financial statements in accordance with GAAP.
GAAP Accounting. Unless otherwise noted, working capital and all other financial measures used in this Agreement will be determined in accordance with generally accepted accounting principles applied by the Jet Center Entities on a consistent basis in effect on the date hereof as set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States (“GAAP”).
GAAP Accounting. Within the time frame contemplated by the Xxxx of Sale (herein so called) to be entered into by and among the parties hereto, Sellers will provide complete financials of the Company to Buyer prepared according to and in compliance with the American Generally Accepted Accounting Principles.
GAAP Accounting. The Borrowers will maintain a system of accounting established and administered in accordance with GAAP, and shall deliver to Lender financial information with respect to any of the Borrowers that Lender may reasonably request.
