ASC definition

ASC means the Financial Accounting Standards Board Accounting Standards Codification, as in effect from time to time.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

ASC means the Alberta Securities Commission;

ASC means FASB Accounting Standards Codification.

Examples of ASC in a sentence

The Company has established adequate reserves in all material respects and made any appropriate disclosures in the Financial Statements in accordance with the requirements of ASC 740-10 (formerly Financial Interpretation No. 48 of FASB Statement No. 109, Accounting for Uncertain Tax Positions) with respect to all material uncertain Tax positions.
All references herein to consolidated financial statements of the Company and its Subsidiaries or Restricted Subsidiaries or to the determination of any amount for the Company and its Subsidiaries or Restricted Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any Financial Covenant) contained herein, Debt of Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded.
All references herein to Consolidated financial statements of the Borrower Agent and its Subsidiaries or to the determination of any amount for the Borrower Agent and its Subsidiaries on a Consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower Agent is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Parent Guarantor and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded.

More Definitions of ASC

ASC means Electrolux’s authorised serviced centres;

ASC. The Financial Accounting Standards Board Accounting Standards Codification.

ASC means AEG authorised service centres;

ASC means the Accounting Standards Codification.

ASC means the FASB Accounting Standards Codification.

ASC means Electrolux authorised service centres;

ASC means an Accounting Standards Codification.