SECTION Accounting Terms Sample Clauses
The Section Accounting Terms clause defines the specific accounting-related terms and definitions that apply throughout the agreement. It typically clarifies how financial figures such as revenue, expenses, or profits are to be calculated, and may reference generally accepted accounting principles or specify particular methods for recognizing income or costs. By establishing clear and consistent definitions, this clause ensures that all parties interpret financial obligations and reporting requirements in the same way, reducing the risk of disputes over accounting interpretations.
SECTION Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles consistent with those applied in the preparation of the audited financial statements referred to in Section 4.01(e).
A. SECTION Computations of Outstandings. Whenever reference is made in this Agreement to the "principal amount outstanding" on any date under this Agreement, such reference shall refer to the aggregate principal amount of all Advances outstanding on such date after giving effect to all Borrowings to be made on such date and the application of the proceeds thereof.
SECTION Accounting Terms. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED ----------------- HEREIN, ALL ACCOUNTING TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN CONFORMITY WITH GAAP. FINANCIAL STATEMENTS AND OTHER INFORMATION REQUIRED TO BE DELIVERED BY CREDIT PARTIES TO LENDERS PURSUANT TO Section 5.06 shall be prepared in accordance with GAAP as in effect at the ------------ time of such preparation. Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used to prepare the Financials.
SECTION Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles.
SECTION Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance with generally accepted accounting principles consistent with those applied in the preparation of the audited financial statements referred to in Section 4.01(e), as such generally accepted accounting principles may be applied by regulated enterprises (to the extent prescribed by the Public Service Commission of Wisconsin) pursuant to the requirements of the Uniform System of Accounts Prescribed for Natural Gas Companies Subject to the Provisions of the Natural Gas Act, set forth from time to time in Part 201, Subchapter F of 18 C.F.R. Chapter 1 (1988).
SECTION Accounting Terms. EXCEPT AS OTHERWISE EXPRESSLY ----------------- PROVIDED HEREIN, ALL ACCOUNTING TERMS NOT OTHERWISE DEFINED HEREIN SHALL HAVE THE MEANINGS ASSIGNED TO THEM IN CONFORMITY WITH GAAP. FINANCIAL STATEMENTS AND OTHER INFORMATION REQUIRED TO BE DELIVERED BY CREDIT PARTIES TO LENDERS PURSUANT TO Section 5.06 shall be prepared in accordance with GAAP as in effect at the ------------ time of such preparation. Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used to prepare the Financials. SECOND PRIORITY LOAN AGREEMENT ------------------------------ 1.2 SECTION OTHER TERMS DEFINED IN NEW YORK UNIFORM COMMERCIAL CODE. ------------------------------------------------------- All other terms contained in this Agreement (and which are not otherwise specifically defined herein) shall have the meanings provided by the Uniform Commercial Code of the State of New York (the "CODE") to the extent the same are ---- used or defined therein.
SECTION Accounting Terms. All accounting terms used herein and not specifically defined herein shall be construed in accordance with GAAP, and all financial data required to be delivered hereunder shall be prepared in accordance with GAAP. If any change in GAAP, as in effect on the date hereof, occurs after the date of this Agreement, compliance with all financial covenants contained herein shall continue to be determined in accordance with GAAP as in effect on the date hereof, except to the extent that the Borrower and the Required Lenders otherwise agree in writing. 1.