Common use of GAAP Changes Clause in Contracts

GAAP Changes. If GAAP shall have been modified after the Closing Date and the application of such modified GAAP shall have a material effect on any financial computations hereunder (including the computations required for the purpose of determining compliance with the covenants set forth in Section 9.02), then such computations shall be made and the financial statements, certificates and reports due hereunder shall be prepared, and all accounting terms not otherwise defined herein shall be construed, in accordance with GAAP, as in effect prior to such modification, unless and until the Majority Banks and the Borrower shall have agreed upon the terms of the application of such modified GAAP which agreement shall not be unreasonably withheld.

Appears in 3 contracts

Samples: Credit Agreement (Cadence Design Systems Inc), Credit Agreement (Cadence Design Systems Inc), Day Credit Agreement (Cadence Design Systems Inc)

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GAAP Changes. If GAAP shall have been modified after the Closing Date and the application of such modified GAAP shall have a material effect on any financial computations hereunder (including the computations required for the purpose of determining compliance with the covenants set forth in Section 9.02), then such computations shall be made and the financial statements, certificates and reports due hereunder shall be prepared, and all accounting terms not otherwise defined herein shall be construed, in accordance with GAAP, GAAP as in effect prior to such modification, unless and until the Majority Banks Bank and the Borrower shall have agreed upon the terms of the application of such modified GAAP which agreement shall not be unreasonably withheldGAAP.

Appears in 1 contract

Samples: Credit Agreement (Seagate Technology Inc)

GAAP Changes. If GAAP shall have been modified after the Closing Date and the application of such modified GAAP shall have a material effect on any financial computations hereunder (including the computations required for the purpose of determining compliance with the covenants set forth in Section 9.0210.02), then such computations shall be made and the financial statements, certificates and reports due hereunder shall be prepared, and all accounting terms not otherwise defined herein shall be construed, in accordance with GAAP, GAAP as in effect prior to such modification, unless and until the Majority Banks Bank and the Borrower shall have agreed upon the terms of the application of such modified GAAP which agreement shall not be unreasonably withheldGAAP.

Appears in 1 contract

Samples: Credit Agreement (Genus Inc)

GAAP Changes. If GAAP shall have been modified after the Amendment Closing Date and the application of such modified GAAP shall have a material effect on any financial computations hereunder (including the computations required for the purpose of determining compliance with the covenants set forth in Section 9.0210.02), then then, at the request of the Agent or the Majority Lenders, such computations shall be made and the financial statements, certificates and reports due hereunder shall be prepared, and all accounting terms not otherwise defined herein shall be construed, in accordance with GAAP, GAAP as in effect prior to such modification, unless and until the Majority Banks Lenders and the Borrower shall have agreed upon the terms of the application of such modified GAAP which agreement shall not be unreasonably withheldGAAP.

Appears in 1 contract

Samples: Credit Agreement (Chalone Wine Group LTD)

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GAAP Changes. If GAAP shall have been modified after the Closing Date and the application of such modified GAAP shall have a material effect on any financial computations hereunder (including the computations required for the purpose of determining compliance with the covenants set forth in Section 9.0210.02), then then, at the request of the Agent or the Majority Lenders, such computations shall be made and the financial statements, certificates and reports due hereunder shall be prepared, and all accounting terms not otherwise defined herein shall be construed, in accordance with GAAP, GAAP as in effect prior to such modification, unless and until the Majority Banks Lenders and the Borrower shall have agreed upon the terms of the application of such modified GAAP which agreement shall not be unreasonably withheldGAAP.

Appears in 1 contract

Samples: Credit Agreement (Chalone Wine Group LTD)

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