Financial Statement Principles means GAAP applied in a manner consistent with the accounting principles and methodologies used by Calavo in preparing its financial statements at the relevant time.

Financial Statement Principles means the accounting principles set forth on Exhibit A hereto. With respect to any calculation of U.S. Net Assets or Canadian Net Assets for the purposes of this Agreement, no change in accounting principles shall be made from those set forth on Exhibit A hereto, including with respect to the nature of accounts or methodologies with respect to reserves or accruals. For purposes of the preceding sentence, “changes in accounting principles” includes all changes in accounting principles, policies, practices, procedures or methodologies with respect to financial statements or their classification or presentation, as well as all changes in practices, methods, conventions or assumptions (unless required by objective changes in underlying events) utilized in making accounting estimates. To the extent that the accounting principles set forth on Exhibit A hereto do not address or resolve the inclusion or calculation of any amount, such matters shall be determined in accordance with GAAP, applied on a consistent basis with the preparation of the Fleet Financials.

Financial Statement Principles means GAAP applied in a manner consistent with the accounting principles and methodologies used in preparing the Year-End Financial Statements pursuant to the critical accounting policies specified in Schedule 1.01(iv) of the Sellers’ Disclosure Letter.

Examples of Financial Statement Principles in a sentence

The MLIM Balance Sheet was prepared in accordance with the MLIM Financial Statement Principles.
Each Earn-Out Statement will be prepared in accordance with Financial Statement Principles.
The Estimated U.S. Net Assets and the Estimated Canadian Net Assets will be prepared in conformity with the Financial Statement Principles and Exhibit B.
All reserves reflected on the Financial Statements have been established in accordance with GAAP, except as otherwise specified in the Financial Statement Principles.
With respect to any calculation of Net Working Capital for the purposes of this Agreement, no change in accounting principles or methodology shall be made from the Financial Statement Principles, including, without limitation, with respect to the nature of accounts, level of reserves or level of accruals.
The Net Working Capital of Seller as of the Closing Date determined in accordance with this Section 4.3 is referred to herein as the "CLOSING WORKING CAPITAL BALANCE." In the event that the Financial Statement Principles do not include any policies, principles or methodology required to determine the Net Working Capital of Seller, then the Net Working Capital of Seller will be determined on a basis in accordance with GAAP.
Table of Contents MLIM Financial Statement Principles This exhibit describes the general principles for the construction of the MLIM Balance Sheet.

More Definitions of Financial Statement Principles

Financial Statement Principles has the meaning set forth in Section 4.3(a).

Financial Statement Principles has the meaning set forth in the definition of Accounting Rules.

Related to Financial Statement Principles

Financial Statement has the meaning set forth in Section 4(g) below.
Parent Financial Statements has the meaning set forth in Section 4.6(a).
Audited financial statement means a financial statement audited by an outside accounting firm.
Financial Statement Date means December 31, 1999.
Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.
Financial Statements has the meaning set forth in Section 3.06.
Interim Financial Statements has the meaning set forth in Section 3.06.
Buyer Financial Statements shall have the meaning set forth in Section 4.6.
Target Financial Statements has the meaning set forth in Section 3.4.
Unaudited Financial Statements has the meaning set forth in Section 3.4(a).
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Most Recent Financial Statements has the meaning set forth in Section 4(g) below.
Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Authority charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.
Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.
Borrower Financial Statements has the meaning assigned to such term in Section 4.4(a).
Seller Financial Statements has the meaning set forth in Section 3.5(a).
Year-End Financial Statements has the meaning specified in Section 4.5.
Company Audited Financial Statements has the meaning set forth in Section 3.11.
Annual Financial Statement is defined in Section 10.1(a).
Closing Financial Statements has the meaning set forth in Section 6.22.
Annual Financial Statements has the meaning set forth in Section 3.06.
Monthly Financial Statements is defined in Section 6.2(c).
Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.
Audited financial report means and includes those items specified in Section 5 of this regulation.
Company Financial Statements has the meaning set forth in Section 3.6(a).
Required Financial Statements has the meaning assigned to such term in Section 5.04(2).

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