Common use of Accounting Reports and Principles Clause in Contracts

Accounting Reports and Principles. The character or amount of any asset, liability, account or reserve and of any item of income or expense to be determined, and any consolidation or other accounting computation to be made, and the construction of any definition containing a financial term, pursuant to this Agreement or any other Loan Document, shall be construed, determined or made, as the case may be, in accordance with GAAP, consistently applied, unless such principles are inconsistent with any express provision of this Agreement.

Appears in 5 contracts

Samples: Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc)

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Accounting Reports and Principles. The Except for Company-prepared Consolidated Financial Statements, the character or amount of any asset, liability, account or reserve and of any item of income or expense to be determined, and any consolidation or other accounting computation to be made, and the construction of any definition containing a financial term, pursuant to this Agreement or any other Loan Document, shall be construed, determined or made, as the case may be, in accordance with GAAP, consistently applied, unless such principles are inconsistent with any express provision of this Agreement.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Pennsylvania Real Estate Investment Trust), Secured Loan Agreement (Pennsylvania Real Estate Investment Trust), Revolving Credit Loan Agreement (Pennsylvania Real Estate Investment Trust)

Accounting Reports and Principles. The character or amount of any asset, liability, account or reserve and of any item of income or expense to be determined, and any consolidation or other accounting computation to be made, and the construction of any definition containing a financial term, including, but not limited to, capitalized terms not otherwise defined herein, pursuant to this Agreement or any other Loan Document, shall be construed, determined or made, as the case may be, in accordance with GAAP, consistently applied, unless such principles are inconsistent with any express provision of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (U S Vision Inc), Loan and Security Agreement (Refac Optical Group)

Accounting Reports and Principles. The character or amount of any asset, liability, account or reserve and of any item of income or expense to be determined, and any consolidation or other accounting computation to be made, and the construction of any definition containing a financial term, pursuant to this Agreement or any other Loan Document, shall be construed, determined or made, as the case may be, in accordance with GAAP, consistently appliedapplied and in effect as of the date of such determination, computation or construction, unless such principles are inconsistent with any express provision of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (United States Lime & Minerals Inc)

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Accounting Reports and Principles. The character or amount of any asset, liability, account or reserve and of any item of income or expense to be determined, and any consolidation or other accounting computation to be made, and the construction of any definition containing a financial term, including but not limited to capitalized terms not otherwise defined herein, pursuant to this Agreement or any other Loan Document, shall be construed, determined or made, as the case may be, in accordance with GAAP, consistently applied, unless such principles are inconsistent with any express provision of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Rait Investment Trust)

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