Common use of Accounting Terms and Principles Clause in Contracts

Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the Handbook. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless agreed to by the Agent in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent to withhold its consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and the Lenders hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Harvest Energy Trust), Credit Agreement (Harvest Energy Trust), Credit Agreement (Penn West Energy Trust)

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Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility Facilities will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the HandbookGAAP. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless required by GAAP or as agreed to by the Agent Lenders in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent Lenders to withhold its their consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and Lenders under the Lenders hereunderDocuments.

Appears in 3 contracts

Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)

Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility Facilities will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the HandbookGAAP. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless required by GAAP or as agreed to by the Agent Lenders in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent Lenders to withhold its their consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and Lenders under this Agreement or any of the Lenders hereunderother Documents.

Appears in 2 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

Accounting Terms and Principles. β€Œ Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility Facilities will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the HandbookGAAP. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless required by GAAP or as agreed to by the Agent Lenders in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent Lenders to withhold its their consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and Lenders under the Lenders hereunderDocuments.

Appears in 1 contract

Samples: Credit Agreement

Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Term Facility will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the HandbookGAAP. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless required by GAAP or as agreed to by the Agent Lenders in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent Lenders to withhold its their consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and Lenders under the Lenders hereunderDocuments.

Appears in 1 contract

Samples: Agreement

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Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility Facilities will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the Handbook. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless agreed to by the Agent in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent to withhold its consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and the Lenders hereunder.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

Accounting Terms and Principles. Except as otherwise expressly provided, all accounting terms, principles and calculations applicable to the Credit Facility Facilities will be interpreted, applied and calculated, as the case may be, in accordance with GAAP published from time to time in the HandbookGAAP. The basis of accounting and all calculations set out in this Agreement will be applied and made on a consistent basis and will not be changed for the purposes of this Agreement unless required by GAAP or as agreed to by the Agent Parties in writing, such agreement not to be unreasonably withheld. It will be reasonable for the Agent Lenders to withhold its their consent if a proposed change could adversely affect the obligations of the Borrower or the rights of the Agent and Lenders under the Lenders hereunderDocuments.

Appears in 1 contract

Samples: Credit Agreement

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