Local GAAP definition
Local GAAP means, with respect to any Foreign Subsidiary, generally accepted accounting principles in the jurisdictions in which such Person is organized and its principal business operations are conducted, consistently applied.
Local GAAP means with respect to any Foreign Subsidiary of Aleris generally accepted accounting principles in the jurisdiction of organization of such Subsidiary as in effect from time to time or, at the option of such Foreign Subsidiary, IFRS.
Local GAAP means generally accepted accounting principles of the jurisdiction of the Issuer as in effect from time to time.
Examples of Local GAAP in a sentence
Seller shall deliver to Purchaser on or prior to the Closing Date the Unaudited Standalone Financial Statements, in each case prepared from the books and records of each applicable Subsidiary in accordance with past practice and in compliance with Local GAAP applied on a consistent basis throughout the periods covered thereby.
More Definitions of Local GAAP
Local GAAP means generally accepted accounting principles in the jurisdiction of any Account Party.
Local GAAP means generally accepted accounting principles of the jurisdiction of the Senior Notes Issuer as in effect from time to time.
Local GAAP means the generally accepted accounting principles in the jurisdiction of organization of any non-U.S. entity.
Local GAAP means, with respect to Foreign Subsidiaries that are Restricted Subsidiaries, generally accepted accounting principles that are applicable in their respective jurisdictions of organization.
Local GAAP means generally accepted accounting principles applicable in the country for which any particular financial statements of an Acquired Company are prepared, as in effect on the Effective Date and consistently applied.
Local GAAP means, with respect to any Business, the accounting principles generally accepted in the jurisdiction in which the principal executive office of such Business is located and consistently applied.
Local GAAP means generally accepted accounting principles in the jurisdiction of any Account Party. “Margin Stock” means “margin stock” within the meaning of Regulations T, U and X of the Board.