Common use of Settlement Accounting Clause in Contracts

Settlement Accounting. As of the Signing Date, to the Company’s Knowledge there are no circumstances existing or that would reasonably be expected to occur that would be likely to cause the Company to conclude that the Company may not account for the Transactions and the transactions contemplated by the Ancillary Agreements as a settlement under ASC 715.

Appears in 4 contracts

Sources: Definitive Purchase Agreement (Kimberly Clark Corp), Definitive Purchase Agreement (Kimberly Clark Corp), Definitive Purchase Agreement (Kimberly Clark Corp)

Settlement Accounting. As of the Signing Date, to the Company’s Knowledge there are no circumstances existing or that would reasonably be expected to occur that would be likely to cause the Company to conclude that the Company it may not account for the Transactions and the transactions contemplated by the Ancillary Agreements as a settlement under ASC 715.

Appears in 2 contracts

Sources: Purchase Agreement (PPG Industries Inc), Purchase Agreement (PPG Industries Inc)

Settlement Accounting. As of the Signing Execution Date, to the Company’s Knowledge there are no circumstances existing or that would reasonably be expected to occur that would be likely to cause the Company to conclude that the Company may not account for the Transactions and the transactions contemplated by the Ancillary Agreements as a settlement under ASC 715.

Appears in 1 contract

Sources: Purchase Agreement (Motorola Solutions, Inc.)