GAAP definition

GAAP means United States generally accepted accounting principles.

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GAAP means generally accepted accounting principles as in effect from time to time in the United States of America.

GAAP means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied.

Examples of GAAP in a sentence

• Seller shall maintain proper books of record and account of the transactions contemplated hereby, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions contemplated hereunder.

• All determinations pursuant to this subsection shall be made in accordance with, or as required by, GAAP consistently applied in the opinion of such independent public accountant as shall then be regularly engaged by Borrowers.

• Each Borrower will not, and will not permit any of its Subsidiaries to, without the consent of Agent in its Permitted Discretion, change its fiscal year from December 31 or make any change (a) in accounting treatment and reporting practices except as required by GAAP or (b) in tax reporting treatment except as required by law.

• Notwithstanding the foregoing, for purposes of representations, covenants, definitions (including any term defined under GAAP) and calculations made pursuant to the terms of this Agreement or with respect to any other provisions herein, GAAP will be deemed to treat operating leases and finance leases in a manner consistent with their treatment under GAAP prior to the implementation of ASC 842 on January 1, 2019.

• Seller will not account for or treat the transactions contemplated hereby in any manner other than as a sale of the Transferred Assets by such Seller to the Purchaser, in each case consistent with GAAP.

More Definitions of GAAP

GAAP means United States generally accepted accounting principles as in effect from time to time.

GAAP shall have the meaning ascribed to such term in Section 3.1(h).

GAAP means generally accepted accounting principles as in effect from time to time in the United States, consistently applied.

GAAP means generally accepted accounting principles in the United States, consistently applied.

GAAP means Generally Accepted Accounting Principles.

GAAP means United States generally accepted accounting principles, consistently applied.

GAAP means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, which are in effect from time to time.