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 3 contracts
Samples: Omnibus Amendment (COMMERCIAL METALS Co), Receivables Sale Agreement, Receivables Purchase Agreement, Performance Undertaking (Commercial Metals Co), Receivables Sale 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 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)
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)
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).
Appears in 1 contract
Samples: Receivables Sale Agreement (Columbus McKinnon Corp)
