Common use of Accounting Principles, Terms and Determinations Clause in Contracts

Accounting Principles, Terms and Determinations. All references in this Restructuring Agreement to "GAAP" shall be deemed to refer to generally accepted accounting principles in effect in the United States at the time of application thereof. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all unaudited financial statements and certificates and reports as to financial matters required to be furnished hereunder shall be prepared, in accordance with generally accepted accounting principles, applied on a basis consistent with the most recent audited consolidated financial statements of the Company and its Subsidiaries delivered pursuant to clause (ii) of Section 6.2 or, if no such statements have been so delivered, the most recent audited financial statements referred to in clause (i) of Section 9.2.

Appears in 2 contracts

Samples: Subordinated Note Restructuring Agreement (Boots & Coots International Well Control Inc), Subordinated Note Restructuring Agreement (Prudential Insurance Co of America)

AutoNDA by SimpleDocs

Accounting Principles, Terms and Determinations. All references in this Restructuring Agreement to "GAAP" Consistent Accounting Principles shall be deemed to refer to generally accepted accounting principles in effect in the United States at the time of application thereof. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all unaudited financial statements and certificates and reports as to financial matters required to be furnished hereunder shall be prepared, in accordance with generally accepted accounting principlesConsistent Accounting Principles, applied on a basis consistent with the most recent audited consolidated financial statements of the Company Borrower and its Subsidiaries delivered pursuant to clause (ii) of Section 6.2 6.8.2 or, if no such statements have been so delivered, the most recent audited financial statements referred to in clause (i) of Section 9.29.4 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Fieldpoint Petroleum Corp), Loan and Security Agreement (Tengasco Inc)

AutoNDA by SimpleDocs

Accounting Principles, Terms and Determinations. All references in this Restructuring Agreement to "GAAPgeneral accepted accounting principles" shall be deemed to refer to generally accepted accounting principles in effect in the United States at the time of application thereof. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all unaudited financial statements and certificates and reports as to financial matters required to be furnished hereunder shall be prepared, in accordance with generally accepted accounting principles, principles applied on a basis consistent with the most recent audited consolidated financial statements of the Company and its Subsidiaries delivered pursuant to clause (iib) of Section 6.2 paragraph 5H or, if no such statements have been so delivered, the most recent audited financial statements referred to in clause (ia) of Section 9.2.paragraph 8C.

Appears in 1 contract

Samples: Note Purchase Agreement (National Consumer Cooperative Bank /Dc/)

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