Common use of Reconciliation Statements Clause in Contracts

Reconciliation Statements. If, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements referred to in Section 4.01(g), the consolidated financial statements of the Parent Guarantor and its Subsidiaries delivered pursuant to Section 5.03(b), (c) or (f) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such Section had no such change in accounting principles and policies been made, then (i) together with the first delivery of financial statements pursuant to Section 5.03(b), (c) or (f) following such change, consolidated financial statements of the Parent Guarantor and its Subsidiaries for the fiscal quarter immediately preceding the fiscal quarter in which such change is made, prepared on a pro forma basis as if such change had been in effect during such fiscal quarter, and (ii) together with each delivery of financial statements pursuant to Section 5.03(b), (c) or (f) following such change, a written statement of the chief accounting officer or chief financial officer of the Parent Guarantor setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in Sections 5.02(b), (f)(v) and (g) and 5.04) which would have resulted if such financial statements had been prepared without giving effect to such change.

Appears in 3 contracts

Samples: Credit Agreement (American Campus Communities Operating Partnership LP), Credit Agreement (American Campus Communities Operating Partnership LP), Credit Agreement (American Campus Communities Inc)

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Reconciliation Statements. If, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements referred to in Section 4.01(g), the consolidated Consolidated financial statements of the Parent Guarantor and its Subsidiaries delivered pursuant to Section 5.03(b), (c) or (fe) will differ in any material respect from the consolidated Consolidated financial statements that would have been delivered pursuant to such Section had no such change in accounting principles and policies been made, then (i) together with the first delivery of financial statements pursuant to Section 5.03(b), (c) or (fe) following such change, consolidated Consolidated financial statements of the Parent Guarantor and its Subsidiaries for the fiscal quarter immediately preceding the fiscal quarter in which such change is made, prepared on a pro forma basis as if such change had been in effect during such fiscal quarter, and (ii) together with each delivery of financial statements pursuant to Section 5.03(b), (c) or (fe) following such change, a written statement of the chief accounting officer or chief financial officer of the Parent Guarantor setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in Sections 5.02(b), (f)(v) and (g) and Section 5.04) which would have resulted if such financial statements had been prepared without giving effect to such change.. 100

Appears in 1 contract

Samples: Credit Agreement (Campus Crest Communities, Inc.)

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Reconciliation Statements. If, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements referred to in Section 4.01(g)5.3, the consolidated financial statements of the Parent Guarantor Company and its Subsidiaries delivered pursuant to Section 5.03(b), (b) or (c) or (f) of this Section 7 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such Section clauses had no such change in accounting principles and policies been made, then (i) together with the first delivery of financial statements pursuant to Section 5.03(b), clause (b) or (c) or (f) of this Section 7 following such change, consolidated financial statements of the Parent Guarantor Company and its Subsidiaries for (y) the fiscal quarter current Fiscal Year to the effective date of such change and (z) the two full Fiscal Years immediately preceding the fiscal quarter Fiscal Year in which such change is made, in each case prepared on a pro forma basis as if such change had been in effect during such fiscal quarterperiods, and (ii) together with each delivery of financial statements pursuant to Section 5.03(b), clause (b) or (c) or (f) of this Section 7 following such change, subject to Section 24.3, a written statement of the chief accounting officer or chief financial officer Senior Financial Officer of the Parent Guarantor Company setting forth the differences (including including, subject to Section 24.3, any differences that would affect any calculations relating to the financial covenants set forth in Sections 5.02(b), (f)(v) 10.6 and (g) and 5.0410.8) which would have resulted if such financial statements had been prepared without giving effect to such change.;

Appears in 1 contract

Samples: Credit Agreement (Online Resources Corp)

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