Common use of Accounting Terms; Changes in GAAP Clause in Contracts

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower delivered to the Administrative Agent for the fiscal year ended December 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.2.

Appears in 2 contracts

Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

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Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Parent delivered to the Administrative Agent for the fiscal year ended December January 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.22011.

Appears in 2 contracts

Samples: Credit Agreement (Triangle Petroleum Corp), Security Agreement (Triangle Petroleum Corp)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Parent delivered to the Administrative Agent for the fiscal year ended December 31, 2015 2017 (or for periods before such financial statements are delivered, for the fiscal quarter ended March 31, 2017) other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.2.

Appears in 2 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the audited financial statements of the Borrower delivered to the US Administrative Agent for the fiscal year ended December 31, 2015 other than such changes that have been disclosed 2013 pursuant to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.23.1(j), except as provided in Section 6.6.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Financial Statements delivered to the Administrative Agent for the fiscal year ended ending December 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are 2004 as required to be delivered to the Administrative Agent under Section 5.2, and the Company shall not permit any change in the method of accounting employed in the preparation of the Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower delivered to the Administrative Agent for the fiscal year ended ending December 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are 2007 as required to be delivered to the Administrative Agent under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Financial Statements delivered to the Administrative Agent for the fiscal year ended ending December 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are 2005 as required to be delivered to the Administrative Agent under Section 5.2, and the Company shall not permit any change in the method of accounting employed in the preparation of the Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Parent delivered to the Administrative Agent for the fiscal year ended December January 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.22011.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Triangle Petroleum Corp)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower Financial Statements delivered to the US Administrative Agent for the fiscal year ended ending December 31, 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are 2005 as required to be delivered to the Administrative Agent under Section 5.2, and the Company shall not permit any change in the method of accounting employed in the preparation of the Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the audited financial statements of the Borrower delivered to the Administrative Agent for the fiscal year ended December 31, 2015 other than such changes that have been disclosed and 2016 pursuant to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.23.2(f), except as provided in Section 6.6.

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

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