Applicable GAAP definition

Applicable GAAP means, in the case of the consolidated financial statements of the Company (or the Group), U.S. GAAP, and in the case of the unconsolidated financial statements of any Obligor or the consolidated financial statements of any Obligor other than the Company, the accounting principles generally accepted in its jurisdiction of incorporation from time to time.

Applicable GAAP has the meaning set forth in Section 1.02.

Applicable GAAP means US GAAP, PRC GAAP or IFRS, as the case may be.

Examples of Applicable GAAP in a sentence

• The Company and its subsidiaries shall not enter into any operating lease (as determined in accordance with Applicable GAAP) if the purpose or intent of entering into such operating lease is to circumvent the Company Leverage Policy or the super majority voting requirement for Capital Expenditures of the Company set forth in Section 8.08(f).

• Its Original Financial Statements were prepared in accordance with Applicable GAAP consistently applied.

• All accounting expressions which are not otherwise defined herein shall have the meaning ascribed thereto in Applicable GAAP of the Parent.

• Each of the Credit Parties will keep, and cause their Subsidiaries to keep, proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Credit Parties and each such Subsidiary in accordance with Applicable GAAP consistently applied.

• The Company shall, and shall cause each of its subsidiaries to, keep proper books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Company and each of its subsidiaries, in all material respects, in accordance with Applicable GAAP.

More Definitions of Applicable GAAP

Applicable GAAP means, with respect to any Person, Mexican FRS or other generally accepted accounting principles required to be applied to such Person in the jurisdiction of its incorporation or organization and used in preparing such Person’s financial statements.

Applicable GAAP means US GAAP or IFRS. All ratios and computations based on Applicable GAAP contained in this Agreement will be computed in conformity with US GAAP or IFRS, as the case may be.

Applicable GAAP shall have the meaning set forth in Section 1.02 of the LLC Agreement.

Applicable GAAP means either (i) generally accepted accounting principles in Brazil, which are based on the Brazilian corporate law, the rules and regulations of the Brazilian securities commission and the accounting standards issued by the Brazilian Institute of Independent Accountants (Institute dos Auditores Independentes do Brasil, IBRACON) (whether or not the Company or any of its Subsidiaries or Affiliates is otherwise subject to such rules) as in effect from time to time, or (ii) International Financial Reporting Standards as in effect from time to time (IFRS).

Applicable GAAP means, at any time, generally accepted accounting principles applicable to the Company’s ultimate parent company at such time.

Applicable GAAP shall have the meaning set forth in Section 1.02(b).

Applicable GAAP means the generally accepted accounting principles applied in the preparation of the consolidated accounts of Vodafone for the year ended 31 March 2010. “Arranger” means a financial institution or other entity listed in Part 3 or Part 4 of Schedule 1.