Common use of Accounting Terms and Computations Clause in Contracts

Accounting Terms and Computations. Each accounting term used --------------------------------- in this Agreement shall be construed as of any time in accordance with generally accepted accounting principles as in effect at such time. Each accounting computation that this Agreement requires to be made as of any time shall be made in accordance with such principles as in effect at such time, except where such principles are incompatible with any requirement of this Agreement.

Appears in 2 contracts

Samples: Corporate Revolving and Term Loan Agreement (Dset Corp), Corporate Revolving and Term Loan Agreement (Dset Corp)

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Accounting Terms and Computations. Each accounting term used --------------------------------- in this Agreement shall be construed as of any time in accordance with generally accepted accounting principles as in effect at such time. Each accounting computation that this Agreement requires to be made as of any time shall be made in accordance with such principles as in effect at such time, except where such principles are incompatible with any requirement of this Agreement.

Appears in 2 contracts

Samples: Business Loan Agreement (Heist C H Corp), Corporate Revolving and Term Loan Agreement (Moog Inc)

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Accounting Terms and Computations. Each accounting term used --------------------------------- in this Agreement shall be construed as of any time in accordance with generally accepted accounting principles as in effect at such timeGAAP. Each accounting computation that this Agreement requires to be made as of any time shall be made in accordance with such principles as in effect at such time, except where such principles are incompatible with any requirement of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Moog Inc)

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