Common use of Accounting Terms and Reports Clause in Contracts

Accounting Terms and Reports. All accounting terms not specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Company in prior years. All financial reports furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Company to Banks.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Cross Timbers Oil Co), Revolving Credit Agreement (Cross Timbers Oil Co)

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Accounting Terms and Reports. All accounting terms not specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Company Borrower in prior years. All financial reports furnished by Company Borrower to Banks Lender pursuant to this Loan Agreement shall be prepared on the same basis as those prepared by Borrower in prior years and shall be the same financial reports as those furnished to Borrower's officers and directors. All financial projections furnished by Borrower to Lender pursuant to this Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks Lender and shall be prepared on the same basis as the financial reports furnished by Company Borrower to BanksLender.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Firstcity Financial Corp), Revolving Credit Loan Agreement (Firstcity Financial Corp)

Accounting Terms and Reports. All accounting terms not ---------------------------- specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Company in prior years. All financial reports furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Company to Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

Accounting Terms and Reports. All accounting terms not specifically defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Company Borrower in prior years. All financial reports furnished by Company Borrower to Banks Lender pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to BanksLender, shall be prepared on the same basis as those prepared by Company Borrower in prior years and shall be the same financial reports as those furnished to CompanyBorrower's officers and directors. All financial projections furnished by Company Borrower to Banks Lender pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks Lender and shall be prepared on the same basis as the financial reports furnished by Company Borrower to BanksLender.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Falconite Inc)

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Accounting Terms and Reports. All accounting terms not specifically ---------------------------- defined in this Loan Agreement shall be construed in accordance with Generally Accepted Accounting Principles consistently applied on the basis used by Company in prior years. All financial reports furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks, shall be prepared on the same basis as those prepared by Company in prior years and shall be the same financial reports as those furnished to Company's officers and directors. All financial projections furnished by Company to Banks pursuant to this Loan Agreement shall be prepared in such form and such detail as shall be satisfactory to Banks and shall be prepared on the same basis as the financial reports furnished by Company to Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

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