Common use of Accounting Terms and Determinations; Changes in Accounting Clause in Contracts

Accounting Terms and Determinations; Changes in Accounting. (a) Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the Borrower shall have promptly notified the Lender on becoming aware thereof) with the most recent financial statements of the Borrower delivered to the Lender.

Appears in 3 contracts

Samples: Credit Agreement (Gladstone Resources Inc), Credit Agreement (Trek Resources Inc), Credit Agreement (Toreador Royalty Corp)

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Accounting Terms and Determinations; Changes in Accounting. (a) Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the any Borrower shall have promptly notified the Lender on becoming aware thereof) with the most recent financial statements of the Borrower Borrowers delivered to the Lender.

Appears in 1 contract

Samples: Credit Agreement (Toreador Royalty Corp)

Accounting Terms and Determinations; Changes in Accounting. (a) 1.3.1 Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the Borrower shall have promptly notified the Lender Administrative Agent on becoming aware thereof) with the most recent financial statements of the Borrower and its Subsidiaries delivered to the LenderAdministrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Gas Resources, Inc.)

Accounting Terms and Determinations; Changes in Accounting. (a) 1.3.1. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the Borrower shall have promptly notified the Lender Administrative Agent on becoming aware thereof) with the most recent financial statements of the Borrower delivered to the LenderAdministrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Gas Resources, Inc.)

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Accounting Terms and Determinations; Changes in Accounting. (a) 1.2.1 Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the Borrower shall have promptly notified the Lender on becoming aware thereof) with the most recent financial statements of the Borrower delivered to the Lender.

Appears in 1 contract

Samples: Credit Agreement (Gulfwest Energy Inc)

Accounting Terms and Determinations; Changes in Accounting. (a) 1.2.1. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the independent public accountants and with respect to which the Borrower Borrowers shall have promptly notified the Lender on becoming aware thereof) with the most recent financial statements of the Borrower Borrowers delivered to the Lender.

Appears in 1 contract

Samples: Credit Agreement (Toreador Resources Corp)

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