Common use of Accounting References Clause in Contracts

Accounting References. Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with Generally Accepted Accounting Principles except where the application of such principles is inconsistent with, or limited by, the terms of this Agreement.

Appears in 3 contracts

Samples: Terms and Conditions Of (Gran Tierra Energy Inc.), Distribution Reinvestment Plan Services Agreement (Paramount Energy Trust), Distribution Reinvestment Plan Agency Agreement (Usa Reit Fund LLC)

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Accounting References. Where the character or amount of any asset or liability or item of income or expense is required to be determined determined, or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, the same shall be done in accordance with Generally Accepted Accounting Principles GAAP except where the application of such principles is inconsistent with, or limited by, the terms of this AgreementAgreement in which case the terms of this Agreement shall apply.

Appears in 1 contract

Samples: Share Purchase Agreement (Petrocorp Inc)

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