Acceptable Accounting Standards definition

Acceptable Accounting Standards means GAAP or other sound and accepted accounting standards reasonably approved by Bank in writing, applied on a basis consistent with that of previous statements and which materially and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.

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Acceptable Accounting Standards means generally accepted accounting principles, applied on a consistent basis, as set forth in Opinions of the Accounting Principles Board of the American Institute of Certified Public Accountants or in statements of the Financial Accounting Standards Board or their respective successors and which are applicable in the circumstances as of the date in question, or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.

Acceptable Accounting Standards means, at any time, accounting principles generally accepted in Canada as recommended in the CPA Canada Handbook - Accounting at the relevant time applied on a consistent basis (except for changes made with the prior written consent of the AESO and approved by the Eligible Entity’s independent auditors in accordance with promulgations of the Chartered Professional Accountants Canada), and includes the International Financial Reporting Standards;

Examples of Acceptable Accounting Standards in a sentence

As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.
As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which materially and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.
As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by L▇▇▇▇▇ in writing, applied on a basis consistent with that of previously approved statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue.
Each financial statement of Borrower will be prepared in conformity with Acceptable Accounting Standards and completely and accurately disclose the financial condition of such applicable entity (including all contingent liabilities required to be disclosed in accordance with GAAP) as of the date hereof and for the period covered thereby.
A quarterly unaudited statements of profit and loss and balance sheets prepared in accordance with US Acceptable Accounting Standards & Principals must be submitted to IMOT for review and reporting to public and in accordance with a format to be delivered to the JV Company from IMOT.
As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or sound accounting principles consistently applied or federal income tax accounting principles consistently applied, as indicated in the Schedule of Definitions.
As used in this Agreement, the following terms shall have the respective meanings indicated below: Acceptable Accounting Standards: GAAP or other sound and accepted accounting standards approved by Lender in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities required to be disclosed in accordance with GAAP) of the party at issue.

More Definitions of Acceptable Accounting Standards

Acceptable Accounting Standards means International Financial Reporting Standards as issued by the International Accounting Standards Board.

Acceptable Accounting Standards means, at any time, accounting principles generally accepted in Canada as recommended in the CPA Canada Handbook - Accounting at the relevant time applied on a consistent basis (except for changes made with the prior written consent of the Lender and approved by the Borrower’s independent auditors in accordance with promulgations of the Chartered Professional Accountants Canada), and includes the International Financial Reporting Standards;

Acceptable Accounting Standards means GAAP or other sound and accepted accounting standards approved by the Agency in writing, applied on a basis consistent with that of previous statements and which completely and accurately disclose the financial condition (including all contingent liabilities) of the party at issue. Act shall mean, collectively, the Enabling Act and the Agency Act. Additional Improvements shall mean any buildings, structures, foundations, related facilities, fixtures, and other improvements (including the Project Phase IV Improvements) constructed, erected, placed and/or installed on, under and/or above the Land, when such improvements are not part of the Project Work and are assessed by NYCDOF after the first assessment following the Project Completion Date, including but not be limited to all, additions, extensions and enlargements to the Existing Improvements, such as additional improvements that require a discretionary zoning approval from the City, but excluding (i) replacements and/or restorations of the Facility in connection with a Loss Event and (ii) any fit-out or other work within the Existing Improvements or Project Improvements that is not a Non-Qualified Use. Additional Improvements PILOT shall have the meaning set forth in Section 5.1(f). Additional Rent shall have the meaning set forth in Section 4.3(b). Affiliate means, with respect to a given Person, any other Person that directly or indirectly through one or more intermediaries Controls, is Controlled by, or is under common Control with such given Person. Agency shall mean the New York City Industrial Development Agency, a corporate governmental agency constituting a body corporate and politic and a public benefit corporation of the State, duly organized and existing under the laws of the State, and any body, board, authority, agency or other governmental agency or instrumentality which shall hereafter succeed to the powers, duties, obligations and functions thereof. Agency Act shall mean Chapter 1082 of the 1974 Laws of New York, as amended.