Accounting Practices and Procedures definition

Accounting Practices and Procedures means, with respect to the Acquired Entities, the accounting methods, policies, practices and procedures, including classification, valuation and estimation methodology, as applied by the Group Entities, in the preparation of the Group Audited Financial Statements, as modified solely to the extent set forth on Annex B. Except for the modifications set forth on Annex B, in the event of a conflict or inconsistency between GAAP and such methods, policies, practices and procedures, GAAP will prevail. In the event any item to be reflected in a calculation or statement required to be prepared in accordance with the Accounting Practices and Procedures was not reflected in the Group Audited Financial Statements or Annex B, such item shall be determined in accordance with GAAP.

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Accounting Practices and Procedures means the accounting methods, policies, practices and procedures, including classification and estimation methodology, used by Seller in the preparation of the audited consolidated balance sheet and the related audited consolidated statement of income and cash flows as of and for the year ended December 31, 2009, subject to those exceptions, if any, set forth on Schedule 10.01.

Accounting Practices and Procedures means the accounting methods, policies, practices and procedures, including classification and estimation methodologies, described in Exhibit C.

Examples of Accounting Practices and Procedures in a sentence

All settlements shall be in compliance with the NAIC Accounting Practices and Procedures Manual.
All such Books and Records shall be maintained separately from the records of any other insurer and in a form usable to insurance regulatory authorities in accordance with the National Association of Insurance Commissioners (“NAIC”) Accounting Practices and Procedures Manual.
The settlement of any balance payable pursuant to this Section 6 shall be in accordance with the requirements in the National Association of Insurance Commissioners' Accounting Practices and Procedures Manual.
The settlement of any balance payable pursuant to this Section 10.3 shall be in accordance with the requirements in the National Association of Insurance Commissioners’ Accounting Practices and Procedures Manual.
During the term of this Agreement, the Management Fee shall be calculated in compliance with the NAIC Accounting Practices and Procedures Manual and billed and payable in arrears on a quarterly basis within sixty (60) days after the last day of each calendar quarter based upon the value of the Investment Account as of the last day of the said calendar quarter.
Expenses shall be apportioned in accordance with applicable Generally Accepted Accounting Principles, provided that, the parties shall be in compliance with the requirements in the NAIC Accounting Practices and Procedures Manual as it relates to this Agreement.
Expenses incurred by the Service Provider and payment received by/from the Service Provider shall be allocated to the Service Provider in conformity with customary insurance accounting practices, consistently applied and in compliance with the National Association of Insurance Commissioner’s Accounting Practices and Procedures Manual.
The settlement of any balance payable pursuant to this Section 6 shall be in accordance with the requirements in the National Association of Insurance Commissioners’ Accounting Practices and Procedures Manual.
This Lease, and all accounting practices and procedures employed by the parties in connection with this Lease, shall be in compliance with the NAIC Accounting Practices and Procedures Manual.
The NAIC provides standardized insurance industry accounting and reporting guidance through its Accounting Practices and Procedures Manual (the “Manual”), which states have largely adopted by regulation.

More Definitions of Accounting Practices and Procedures

Accounting Practices and Procedures means the accounting methods, policies, practices and procedures, including classification and estimation methodologies, in accordance with GAAP, used in the preparation of the audited consolidated financial statements of the Company and its Subsidiaries as of June 24, 2016.

Accounting Practices and Procedures means GAAP applied on a basis consistent with the preparation of the Balance Sheet; provided that, in the event of a conflict between GAAP and application thereof on a basis consistent with preparation of the Balance Sheet, GAAP shall prevail; and provided further, that no purchase accounting adjustments in respect of the Transactions shall be made.

Accounting Practices and Procedures means on an accrual or earned basis, consistent with GAAP, applied in the manner used to build the Financial Statements, unless otherwise noted as a cash basis.

Accounting Practices and Procedures means GAAP applied on a basis consistent with the Company’s past practices, policies and procedures and set forth in the definitions, practices and procedures contained in Schedule D.

Accounting Practices and Procedures means (a) the accounting methods, policies, practices and procedures expressly set forth on Exhibit B, presented on a basis consistent with the illustrative calculation of Net Working Capital attached to Exhibit C, (b) to the extent not inconsistent with the methods, policies, practices and procedures described in the foregoing clause (a), GAAP as applied and used in connection with the preparation of the 2020 Full-Year Financial Statements, and (c) to the extent not inconsistent with the methods, policies, practices and procedures described in the foregoing clause (a) and clause (b), GAAP as in effect at December 31, 2020.

Accounting Practices and Procedures means GAAP and (except to the extent inconsistent with GAAP) the accounting methods, policies, practices and procedures, including classification and estimation methodology, used by Seller in the preparation of the Reference Balance Sheet.