Material Accounting Changes definition

Material Accounting Changes means any change in SDG&E’s (i) accounting policies and practices from those in effect for the Rate Effective Year upon which the immediately preceding Annual Informational Filing was based, including changes in estimation methods or policies and/or adoption of any new accounting standard or policy; (ii) internal corporate cost allocation policies or practices from those policies and/or practices in effect for the Rate Effective Year upon which the immediately preceding Informational Filing was based; or (iii) changes to income tax elections.

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Material Accounting Changes means any material change in SCE’s (i) accounting policies and practices from those in effect for the Prior Year upon which the immediately preceding Annual Update was based, or (ii) internal corporate cost allocation policies or practices from those policies and/or practices in effect for the Prior Year upon which the immediately preceding Annual Update was based.

Material Accounting Changes has the meaning assigned to such term in the definition of “Agreement Accounting Principles” in this Section 1.01.

Examples of Material Accounting Changes in a sentence

• Compliance with such financial performance covenants shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

• Compliance with such financial performance covenant shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

• Compliance with such financial performance covenants shall be made as if no Material Accounting Changes had been made.

• If such amendment is entered into, all references in this Agreement to GAAP shall mean GAAP as of the date of such amendment together with any changes in GAAP after the date hereof which are not Material Accounting Changes.

• Compliance with such financial performance covenant shall be made as if no Material Accounting Changes had been made.

• The Borrowers shall at all times through the Termination Date maintain Availability of at least Seven Million Dollars ($7,000,000) Compliance with such financial covenant shall be made as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

• The Borrowers shall observe and comply with those financial performance covenants set forth on EXHIBIT 6:6-11, annexed hereto, which compliance shall be determined as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

• Upon such amendment, all references in this Agreement to GAAP shall mean GAAP as of the date of such amendment, together with any changes in GAAP after the date thereof which are not Material Accounting Changes.

• The Borrowers shall observe and comply with those financial performance covenants set forth on EXHIBIT 7:7-11, annexed hereto, which compliance shall be determined as if no Material Accounting Changes had been made (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

• Compliance with such financial performance covenants shall be determined as if no Material Accounting Changes had been made since the date of this Agreement (other than any Material Accounting Changes specifically taken into account in the setting of such covenants).

More Definitions of Material Accounting Changes

Material Accounting Changes means any material change that affects SCE’s transmission rates as follows: (i) accounting policies and practices from those in effect for the Prior Year upon which the immediately preceding Annual Update was based, including those resulting from any new or revised accounting guidance from the Financial Accounting Standards Board, or (ii) internal corporate cost allocation policies or practices from those policies and/or practices in effect for the Prior Year upon which the immediately preceding Annual Update was based; or (iii) income tax elections from those in effect for the Prior Year upon which the immediately preceding Annual Update was based; or (iv) cost allocation policies between EIX, SCE, and subsidiaries of either, from those in effect for the Prior Year upon which the immediately preceding Annual Update was based. Additionally, a Material Accounting Change shall also include (i) any initial implementation of an accounting standard; or (ii) initial implementation of accounting practices for unusual or unconventional items where the Commission has not provided specific accounting direction.

Material Accounting Changes means any material change that affects SCE’s transmission

Material Accounting Changes has the meaning specified in paragraph 6E.

Material Accounting Changes means a material change in the method of calculation of any of the financial covenants, restrictions or standards used in the Financial Statements.

Material Accounting Changes has the meaning specified in Section 5.02(h).