GA AP definition
GA AP means the then-current applicable generally accepted accounting principles in Mexico. As used herein, "GAAP" shall also include cost accounting principles that are generally accepted in Mexico.
Examples of GA AP in a sentence
Borrower shall make, and cause each Subsidiary to make, timely payment of all material federal, state, and local taxes or assessments (other than taxes and assessments which Borrower is contesting in good faith, with adequate reserves maintained in accordance with GA AP) and will deliver to Bank, on dem and, appropriate certificates attesting to such payments.