Accounting Terminology Sample Clauses
The Accounting Terminology clause defines the specific financial and accounting terms used throughout the agreement to ensure mutual understanding between the parties. It typically clarifies the meaning of terms such as "net profit," "gross revenue," or "operating expenses," and may reference established accounting standards or specify unique definitions relevant to the contract. By standardizing these terms, the clause prevents misunderstandings and disputes over financial calculations, ensuring clarity and consistency in interpreting the agreement's financial provisions.
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Accounting Terminology. All accounting terms not expressly defined in this Agreement shall have the respective meanings usually ascribed to them in accordance with generally accepted accounting principles in Canada.
Accounting Terminology. All accounting terms not expressly defined in this Agreement shall have the respective meanings usually ascribed to them in accordance with generally accepted accounting principles in Canada. MEANING OF PRO RATA. Unless the context otherwise requires, all rights, obligations or other matters which are, under the terms of this Agreement, to be determined on a proportionate or pro rata basis shall be determined on a basis which is pro rata or proportionate to the total number of shares of the Corporation issued and outstanding as of the date of such determination.
Accounting Terminology. All accounting terms used in the Loan Documents shall be construed, and all financial records and reports prepared or provided pursuant to the Loan Documents shall be prepared, in accordance with GAAP.
Accounting Terminology. All accounting terms not expressly defined in this Agreement shall have the respective meanings usually ascribed to them in accordance with Generally Accepted Accounting Principles in the United States.
Accounting Terminology. All accounting terms not defined in this Agreement shall have those meanings generally ascribed to them in accordance with generally accepted accounting principles, applied consistently.
Accounting Terminology. Accounting terms used in this Agreement shall have the meanings assigned to them in accordance with GAAP, except as otherwise expressly set forth herein. **** Confidential Treatment has been requested for certain redacted provisions of this exhibit. The redacted provisions are identified by asterisks and enclosed by brackets. The confidential portions have been filed separately with the Securities and Exchange Commission
Accounting Terminology. All accounting terms not otherwise defined in this Indenture shall have those meanings assigned to them by, and all calculations are to be made and all financial data to be submitted are to be prepared in accordance with, GAAP, except as otherwise expressly provided. To the extent that the definitions of accounting terms in this Indenture or in any certificate or other document made or delivered pursuant to this Indenture are inconsistent with the meanings of such terms under GAAP, the definitions in this Indenture or in any such certificate or other document shall prevail.