Approved Accounting Principles definition

Approved Accounting Principles means US generally accepted accounting principles to the extent applicable to the relevant financial statements.

Approved Accounting Principles means those accounting principles, standards and practices which were used in the Original Financial Statements of the Parent.

Approved Accounting Principles means GAAP or other sound and generally accepted cash or income tax accounting principles applied on a basis consistent with accounting principles applied in the preparation of financial information and financial statements previously furnished to Lender.

Examples of Approved Accounting Principles in a sentence

• It is not (and none of its Subsidiaries is) materially overdue in the filing of any Tax returns and is not overdue in the payment of any amount in respect of Tax, unless such payment has been contested in good faith and with due diligence and provided that it maintains adequate reserves in respect of thereof in accordance with the Approved Accounting Principles.

• Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the financial statements for external purpose in accordance with Generally Approved Accounting Principles (GAAP).

• Unless otherwise agreed with the Facility Agent, all financial statements delivered under this Agreement shall be prepared in accordance with the Approved Accounting Principles.

• Financial statements and other information required to be delivered by the Borrowers to the Lenders pursuant to Section 5.01 shall be prepared in accordance with Approved Accounting Principles as in effect at the time of such preparation.

• The Borrowers will, and will cause each Borrower to, keep proper books of record and account in which full, true and correct entries in conformity with Approved Accounting Principles and all requirements of law are made of all dealings and transactions in relation to its business and activities.

More Definitions of Approved Accounting Principles

Approved Accounting Principles means GAAP (with respect to entities) (or such other accounting method approved by Administrative Agent in writing (with respect to individuals), consistently applied.

Approved Accounting Principles means NORGAAP in respect of the Borrower and USGAAP in respect of the Guarantor;

Approved Accounting Principles means French gaap and, subject to those principles, the accounting principles, standards and practices on the basis of which the Original Audited Accounts were prepared;

Approved Accounting Principles means UK GAAP.

Approved Accounting Principles means generally accepted accounting principles and practices in Norway, including the regulations and guidelines of the IFRS, or generally accepted accounting principles and practices in the United States of America, in each case consistently applied.

Approved Accounting Principles means, for the purposes of the preparation and/or audit of any Financial Statements (whether consolidated or unconsolidated) of any member of the Group, accounting principles, standards and practices generally accepted from time to time in the country in which such member is incorporated and approved by the relevant local institute, accounting standards board or other applicable authority;

Approved Accounting Principles means French gaap and, subject to those principles, the accounting principles, standards and practices on the basis of which the Original Audited Accounts were prepared (adjusted to take account of those differences referred to in the Disclosure Letter);