Consistently Applied definition

Consistently Applied as used in connection therewith, means that the accounting principles applied are consistent in all material respects with those applied at prior dates or for prior periods.

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Consistently Applied means applied uniformly within a fiscal period and between fiscal periods to account for Gross Proceeds of an issue and any amounts that are in a commingled fund.

Consistently Applied means that no changes in accounting principles will have been made from those used by the Company and its Subsidiaries in the preparation of the Latest Balance Sheet, including with respect to the nature of accounts and the methods for determining the level of reserves or accruals.

Examples of Consistently Applied in a sentence

• The Borrower shall additionally use a Consistently Applied Accounting Method for allocating Proceeds of the Bonds to Expenditures, subject to the Current Outlay of Cash rule.

• The general ledgers of the Sellers with respect to the Business through the Closing Date have been prepared in accordance with GAAP Consistently Applied.

• The Seller shall prepare the Draft Statement of Working Capital and Fixed Assets setting forth the Working Capital and Fixed Assets of the Business as of the close of business on the Closing Date (the "Book Value"), which shall be prepared in accordance with the books and records of the Seller in respect of the Business and shall be based upon an unaudited balance sheet as of that date that is prepared in accordance with GAAP Consistently Applied.

• The Financial Statements (i) are consistent in all material respects with the books and records of the Business, (ii) have been prepared in accordance with GAAP Consistently Applied, and (iii) fairly represent in all material respects the financial position and results of operations of the Business as of the dates and for the periods indicated.

• In resolving any disputed item, the Arbiter shall be bound by the Accounting Principles Consistently Applied, the definitions of Annualized Company Revenue and Company Revenue and the resulting Earn-Out Consideration and the other requirements of the provisions of this Exhibit A, and shall not assign a value to any item greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party.

More Definitions of Consistently Applied

Consistently Applied has the meaning ascribed thereto is Section 5.2(y)(i) of this Agreement;

Consistently Applied means the consistent application of the Accounting Principles, to be measured on the basis of the application of the Accounting Principles by the Seller’s Group in its financial statements for the period ended on the Accounts Date.

Consistently Applied or "consistently applied" means, with regard to the application of accounting principles, the use or application of accounting principles in a manner consistent in all material respects with the accounting principles used and applied in preparation of the financial statements previously delivered to the Agent (whether under the First Amended Revolving Credit Facility or otherwise), except as to changes required or changes permitted, and as to which the Borrower's independent public accountants have concurred, by generally accepted accounting principles in the United States.

Consistently Applied means, with regard to the application of accounting principles, the use or application of accounting principles in a manner consistent in all material respects with the accounting principles used and applied in preparation of the financial statements previously delivered to the Agent (whether under the First Amended Revolving Credit Facility or otherwise), except as to changes required or changes permitted, and as to which the Borrower's independent public accountants have concurred, by generally accepted accounting principles in the United States.

Consistently Applied means the consistent and historically utilized application of accounting principles and policies, and methods based on reasonably acceptable commercial standards and prudent management determinations and estimates and judgments, utilized in the construct of the Company’s Most Recent Financial Statements.

Consistently Applied means, in reference to the application of GAAP, that the accounting principles observed in the current period are comparable in all material respects to those applied in preparation of the financial statements referred to in Section 3.12.

Consistently Applied means that no change in accounting principles shall have been made from those used by the Company and its Subsidiaries in the preparation of the Latest Audited Balance Sheet, including with respect to the nature of accounts and the methods for determining the level of reserves or accruals; provided that, with respect to any calculation of Net Working Capital, “consistently applied” shall have the meaning set forth on Exhibit 1.02(a). “changes in accounting principles” includes all changes in accounting principles, policies, practices, procedures or methodologies with respect to financial statements, their classification or presentation, as well as all changes in methods, conventions, assumptions or estimation techniques (unless required by objective changes in underlying events) utilized in making accounting estimates