Seller Accounting Policies definition

Seller Accounting Policies means Seller’s accounting policies and principles employed by Seller as described on Schedule 1.1(g).
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Seller Accounting Policies means solely the principles used by the Company in the Working Capital Accounts.
Sample 1
Seller Accounting Policies means the accounting policies and principles used to prepare the Financial Statements, which for the avoidance of doubt shall be in accordance with GAAP.
Sample 1

Examples of Seller Accounting Policies in a sentence

  • The Quarter- End Balance Sheet shall (x) fairly present the consolidated financial position of the ALICO Entities as of the date thereof, (y) include line items substantially consistent with those contained in the ALICO 2009 Accounts and (z) be prepared in accordance with the Seller Accounting Policies (including with respect to certification) applied on a consistent basis with the ALICO 2009 Accounts.

  • The Estimated Net Working Capital Statement will (i) include reasonable supporting documentation for the estimates and calculations contained therein (together with any additional information reasonably requested by the Purchasers) and (ii) be prepared by Sellers in good faith and in accordance with the Seller Accounting Policies on a basis consistent with that used in the preparation of the Financial Statements.

  • A sample Estimated Net Working Capital Statement setting forth an estimate of the Net Working Capital as of 12:01 a.m. (Eastern local time) on June 30, 2013, prepared by Sellers in good faith and in accordance with the Seller Accounting Policies on a basis consistent with that used in the preparation of the Financial Statements, is set forth on Section 2.3(a) of the Disclosure Schedule (the amounts therein shall be for illustrative purposes only).

  • The Financial Information fairly presents in all material respects the results of operations and financial position of the Business at and for the year ended December 31, 2008 and at and for the eleven-month period ended on the Latest Balance Sheet Date, in accordance with and subject to the Seller Accounting Policies, consistently applied.

  • Any reserves for the Accounts Receivable in the Financial Information are adequate to account for any Accounts Receivable that may later be written off, and have been calculated in accordance with the Seller Accounting Policies and are consistent with past practice.

  • VERIFICATION GUIDANCE (4.2.1.12)Verification is generally done by visual observation backed up by measurements if necessary.

  • All write-offs/credit allowances created in respect of any benefits or claims related to the receivables of the Bank Being Divided from clients connected with agreements being attributed to the Acquiring Bank shall be calculated in accordance with International Accounting Standard 39 Financial Instruments: Recognition and Measurement and policies and practices consistent with the Seller Accounting Policies as such term is defined in the Appendix 6.

  • The Post-Closing Net Working Capital Statement and all computations and determinations contained therein shall be prepared in accordance with the Seller Accounting Policies on a basis consistentwith that used in the preparation of the Financial Statements, but, in any event, with respect to Net Working Capital, consistent with the methodology forcalculating the Estimated Net Working Capital Amount and the components and calculation thereof (the “Post-Closing Net Working Capital Statement”).

  • For all purposes of this Agreement, except as otherwise expressly provided or unless the context clearly requires otherwise: “Accounts Payable” means all notes and accounts payable of the Business, as determined in accordance with the Seller Accounting Policies.

  • The parties agree that for purposes of preparing the Closing Balance Sheet and calculating the Closing Working Capital, such statements and calculations shall be prepared (i) using the same accounts and line items as set forth on the Illustrative Balance Sheet and (ii) in accordance with the Seller Accounting Policies.


More Definitions of Seller Accounting Policies

Seller Accounting Policies has the meaning set forth in Section 1.6(a).
Sample 1

Related to Seller Accounting Policies

  • Accounting Policies means GAAP, applied in a manner consistent with the accounting policies, principles, practices and methodologies used in the preparation of the Audited Balance Sheet.

  • 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.

  • Accounting Information means the annual audited consolidated financial statements or, as the case may be, the quarterly unaudited consolidated financial statements, each in respect of the Borrower and the Group, to be provided by the Borrower to the Agent in accordance with Clause 11.6.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Accounting Procedure means the principles and procedures of accounting set out in Appendix C.

  • Fiscal Year End means December 31 of each calendar year.

  • Accounting system means the Contractor's system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Accounting Records means the general ledger and subsidiary ledgers and supporting schedules which support the general ledger balances.

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Financial Records means any document or summary of information contained in a document, including electronic documents, that contains information about the financial activities or position of a person including, but not limited to, information about the assets, balance sheets, budgets, cash flow, earnings, revenue, expenditures, income, investments, losses, liabilities, payroll, profits, retained earnings, or taxes.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Safeguards Monitoring Report means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and the RP, including any corrective and preventative actions;

  • Most Recent Fiscal Year End has the meaning set forth in Section 4(g) below.

  • Investment Policies means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Past Practices shall have the meaning set forth in Section 3.5.

  • railway operational procedures means procedures specified under any access agreement (as defined in the Railways Act 1993) or station lease;

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Policies and Procedures means the written policies and procedures of the Client in any way related to the Services, including any such policies and procedures contained in the Organic Documents and the Offering Documents.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;