Accounting Terms and Principles; Laws. (a) All accounting terms used herein which are not expressly defined in this Agreement shall have the respective meanings given to them in accordance with Agreement Accounting Principles, all computations made pursuant to this Agreement shall be made in accordance with Agreement Accounting Principles, provided that if the Company notifies the holders of the Notes that it wishes to amend any covenant in section 10 to eliminate or to take into account the effect of any change in Agreement Accounting Principles on the operation of such covenant (or if the Required Holders of the Notes notify the Company that they wish to amend section 14 for such purpose), then compliance with such covenant shall be determined on the basis of Agreement Accounting Principles in effect immediately before the relevant change in Agreement Accounting Principles became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Company and the Required Holders of the Notes. All financial statements shall be prepared in accordance with Agreement Accounting Principles.
Appears in 5 contracts
Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)
