Common use of Accounting of Transfers Clause in Contracts

Accounting of Transfers. Prepare any financial statements which shall account for the transactions contemplated hereby in any manner other than as a transfer of Receivables and the other Trust Assets by the Company to the Trust or in any other respect account for or treat the transactions under this Agreement (including for financial accounting purposes, except as required by law) in any manner other than as transfers of Receivables and the other Trust Assets by the Company to the Trust; PROVIDED, HOWEVER, that this subsection shall not apply for any tax or tax accounting purposes.

Appears in 2 contracts

Samples: Pooling Agreement (United Stationers Supply Co), Pooling Agreement (United Stationers Supply Co)

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Accounting of Transfers. Prepare any financial statements which shall account for the transactions contemplated hereby in any manner other than as a transfer of Receivables and the other Trust Assets by the Company to the Trust or in any other respect account for or treat the transactions under this Agreement (including for financial accounting purposes, except as required by law) in any manner other than as transfers of Receivables and the other Trust Assets by the Company to the Trust; PROVIDED, HOWEVER, that this subsection Section 2.8(a) shall not apply for any tax or tax accounting purposes.

Appears in 1 contract

Samples: Pooling Agreement (United Stationers Supply Co)

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Accounting of Transfers. Prepare any financial statements which shall account for the transactions contemplated hereby in any manner other than as a transfer sale of Receivables and the other Trust Assets by the Company to the Trust or in any other respect account for or treat the transactions under this Agreement (including for financial accounting purposes, except as required by law) in any manner other than as transfers of Receivables and the other Trust Assets by the Company to the Trust; PROVIDED, HOWEVER, that this subsection shall not apply for any tax or tax accounting purposes.

Appears in 1 contract

Samples: Pooling Agreement (Rykoff Sexton Inc)

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