Common use of Accounting for Purchases Clause in Contracts

Accounting for Purchases. Account for or treat (whether in financial statements or otherwise, but other than with respect to tax returns, to the extent required by applicable tax laws) the transactions contemplated hereby in any manner other than as sales or contributions of the Receivables and Related Rights by such Originator to the Company except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Avantor, Inc.), Purchase and Sale Agreement (Avantor, Inc.), Purchase and Sale Agreement (VWR Funding, Inc.)

AutoNDA by SimpleDocs

Accounting for Purchases. Account for or treat (whether in financial statements or otherwise, but other than with respect to tax returns, to the extent required by applicable tax laws) the transactions contemplated hereby in any manner other than as sales or contributions of the Receivables and Related Rights Security by such Originator to the Company except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principlesCompany.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Sequa Corp /De/), Purchase and Sale Agreement (Sequa Corp /De/), Purchase and Sale Agreement (Imo Industries Inc)

Accounting for Purchases. Account for or treat (whether in financial statements or otherwise, but other than with respect to tax returns, to the extent required by applicable tax laws) the transactions contemplated hereby in any manner other than as sales or contributions of the Receivables and Related Rights by such the Originator to the Company except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principlesCompany.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lesco Inc/Oh)

Accounting for Purchases. Account for or treat (whether in financial statements or otherwise, but other than with respect to tax returns, to the extent required by applicable tax laws) the transactions contemplated hereby in any manner other than as sales or contributions to capital of the Receivables and Related Rights by such Originator to the Company except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principlesCompany.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kulicke & Soffa Industries Inc)

AutoNDA by SimpleDocs

Accounting for Purchases. Account for or treat (whether in ------------------------ financial statements or otherwise, but other than with respect to tax returns, to the extent required by applicable tax laws) the transactions contemplated hereby in any manner other than as sales or contributions of the Receivables and Related Rights Security by such Originator to the Company except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principlesCompany.

Appears in 1 contract

Samples: Purchase and Sale Agreement (United States Steel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!