Agreed Principles definition

Agreed Principles means the terms set out in Part 1 of Schedule 1;

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Agreed Principles means the terms set out in Part 1 of Schedule 3

Agreed Principles has the meaning set forth in Section 1.6(a).

Examples of Agreed Principles in a sentence

• Nothing in the Pact or the Agreed Principles shall be construed as an admission of liability on the part of the Participant Developer.

• The Welsh Government and each Participant Developer intend to enter into formal legal documentation in the coming months to give effect to the Agreed Principles set out below.

• Such principles and methodologies shall, in relation to transfer pricing, be consistent with past practice, except as specified in its Agreed Principles.

• The Estimated Closing Statement shall be prepared by the Company in accordance with the Agreed Principles.

• Additionally, for any of our Buildings which have already been identified by us as falling within the scope of the Agreed Principles, within one month of the date of this Pact, we will deliver to you a proposal (including a proposed schedule listing the buildings identified) for contacting the relevant building owners/responsible parties and leaseholders to confirm that their building is covered by this Pact (and the Agreed Principles) and detailing the next steps that we will take to meet your objectives.

More Definitions of Agreed Principles

Agreed Principles means the Agreed Principles listed on Exhibit 3.

Agreed Principles means the specific accounting methods, policies, practices, judgments and procedures, including classification and estimation methodologies, used in the preparation of the audited combined financial statements of PELP as of December 31, 2016, whether or not consistent with GAAP; provided, however, that the Stated Value of any New Property Acquired in all cases shall be calculated as set forth in the definition of “Stated Value.”

Agreed Principles means (a) the accounting principles, practices, procedures, policies and methods used in the preparation of the 2017 Accounts and (b) to the extent consistent therewith, German GAAP.

Agreed Principles means the terms of Clauses 2.1.1 (Acknowledgements) to 2.1.8 (Acknowledgements) (inclusive);

Agreed Principles. For each Taxable Year: (i) Section 250 of the Code does not apply to the Corporate Taxpayer, (ii) the Corporate Taxpayer is subject to U.S. state and local taxes at a rate equal to the Assumed State Tax Rate, (iii) there does not occur an “ownership change” within the meaning of Section 382 of the Code with respect to any Corporate Taxpayer after the Applicable Date, (iv) the “section 382 limitation” with respect to any ownership change arising as a result of the Restructuring Transactions is increased for any taxable year (and not solely the recognition period) by the recognized built-in gains for such taxable year (all within the meaning of Section 382(h) of the Code), (v) each Corporate Taxpayer will be assumed to utilize the “338 approach” set forth in IRS Notice 2003-65, 2003-2 C.B. 747 (in connection with any “ownership change”), (vi) there are no Disregarded Tax Attributes, (vii) the Corporate Taxpayer does not recognize any gains or losses arising from the sale or exchange of non-amortizable and non-depreciable capital assets for U.S. federal income tax purposes (other than assets that have Covered Tax Basis), (viii) the Corporate Taxpayer does not have any Code Section 163(j) interest expense carryforwards as of the close of the Applicable Date (other than, for the avoidance of doubt, the Covered Tax Basis in a Reference Asset attributable to any basis adjustment to such asset resulting from the application of Section 732 of the Code that (A) is attributable to excess business interest expense described in Section 163(j)(4)(B) of the Code and (B) arises as a result of the Restructuring Transactions) and (ix) no income or gain was recognized by the Corporate Taxpayer in the Restructuring Transactions or in any assets transferred to the Corporate Taxpayer in the Restructuring Transactions.

Agreed Principles means principles used in accordance with GAAP using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Statements for the most recent fiscal year end.

Agreed Principles means, (a) the accounting principles, policies, procedures, and methodologies set forth on part I of Schedule 1.01(a), “Specific Policies”, (b) to the extent not inconsistent with clause (a) and only to the extent consistent with GAAP, the accounting principles, policies and practices applied in the Financial Statements as of December 31, 2023, and (c) if not otherwise addressed in (a) and (b), GAAP. For the avoidance of doubt, clause (a) shall take precedence over clauses (b) and (c), and clause (b) shall take precedence over clause (c).