Common use of Accounting for Purchase Clause in Contracts

Accounting for Purchase. It will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer (except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with GAAP).

Appears in 2 contracts

Samples: Receivables Sale Agreement (Sensient Technologies Corp), Receivables Sale Agreement (Kapstone Paper & Packaging Corp)

AutoNDA by SimpleDocs

Accounting for Purchase. It will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer (except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with GAAP).

Appears in 2 contracts

Samples: Receivables Purchase Agreement (COMMERCIAL METALS Co), Receivables Purchase Agreement (Commercial Metals Co)

Accounting for Purchase. It will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale and/or or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale and/or or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer (except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with GAAP).. (f)

Appears in 1 contract

Samples: Receivables Sale Agreement (Columbus McKinnon Corp)

Accounting for Purchase. It will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer SPE or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer SPE (except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with GAAP).

Appears in 1 contract

Samples: Receivables Sale Agreement (MSC Industrial Direct Co Inc)

AutoNDA by SimpleDocs

Accounting for Purchase. It will not account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale and/or contribution and absolute assignment of the Receivables and the Related Security by it to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale and/or contribution and absolute assignment of the Receivables and Receivables Sale Agreement the Related Security by it to the Buyer (except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with GAAP).

Appears in 1 contract

Samples: Receivables Sale Agreement (Commercial Metals Co)

Time is Money Join Law Insider Premium to draft better contracts faster.