Common use of Accounting Principles and Terms Clause in Contracts

Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAP, and (2) all accounting terms used in this Agreement shall have the meaning ascribed to such terms by such principles.

Appears in 5 contracts

Samples: Credit Agreement (Orbit International Corp), Credit Agreement (Orbit International Corp), Revolving Credit Agreement (Hi Tech Pharmacal Co Inc)

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Accounting Principles and Terms. Except as otherwise provided in this Financing Agreement, (1a) all computations and determinations as to financial matters, and all financial statements to be delivered under this Financing Agreement, shall be made or prepared in accordance with GAAP, GAAP and (2b) all accounting terms used in this Financing Agreement shall have the meaning ascribed to such terms by such principles.

Appears in 4 contracts

Samples: Financing Agreement (Fibermark Inc), Financing Agreement (Fibermark Inc), Financing Agreement (Arcon Coating Mills Inc)

Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1a) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAPGAAP (including principles of consolidation where appropriate but excluding footnote disclosure on interim financial statements) and on a consistent basis (except to the extent approved or required by the independent public accountants certifying such statements and disclosed therein), and (2b) all accounting terms used in this Agreement shall have the meaning meanings respectively ascribed to such terms by such principlesGAAP.

Appears in 2 contracts

Samples: Common Agreement (NRG Energy Inc), Common Agreement (NRG Energy Inc)

Accounting Principles and Terms. Except as otherwise provided ------------------------------- in this Agreement, (1a) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAP, GAAP (including principles of consolidation where appropriate but excluding footnote disclosure on interim financial statements) and on a consistent basis and (2b) all accounting terms used in this Agreement shall have the meaning respectively ascribed to such terms by such principles.

Appears in 1 contract

Samples: Working Capital Loan Agreement (Environmental Power Corp)

Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1a) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAPGAAP (including principles of consolidation where appropriate) and on a consistent basis, and (2b) all accounting terms used in this Agreement shall have the meaning respectively ascribed to such terms by such principlesGAAP.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Cogentrix Energy Inc)

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Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAP, GAAP and (2) all accounting terms used in this Agreement shall have the meaning ascribed to such terms by such principles.

Appears in 1 contract

Samples: Credit Agreement (JLM Industries Inc)

Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1a) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAP, GAAP (including principles of consolidation where appropriate but excluding footnote disclosure on interim financial statements) and on a consistent basis and (2b) all accounting terms used in this Agreement shall have the meaning respectively ascribed to such terms by such principles.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Commonwealth Edison Co)

Accounting Principles and Terms. Except as otherwise provided in this Agreement, (1i) all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement, shall be made or prepared in accordance with GAAP, and (2ii) all accounting terms used in this Agreement shall have the meaning ascribed to such terms by such principles.

Appears in 1 contract

Samples: Delayed Draw Term Loan Agreement (Insurance Acquisition Corp.)

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