Accounting Terms; Change in Accounting Principles. (a) Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that if, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 4.04 hereof and such change shall result in a change in the calculation or operation of any financial covenant, requirement, standard or term found in this Agreement, either the Company (by notice to the Lenders) or the Required Lenders (by notice to the Company) may require that the Lenders and the Company negotiate in good faith to amend such covenant, requirement, standard or term so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Company and its Subsidiaries shall be the same as if such change had not been made. No delay by the Company or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, requirement, standard or term is amended in accordance with this Section 1.03, such covenant, requirement, standard or term shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles.
Accounting Terms; Change in Accounting Principles. All accounting terms not specifically defined herein shall be construed in accordance with GAAP consistently applied, except as otherwise stated herein. If (i) any changes in accounting principles from those used in the preparation of the financial statements referred to in Section 4.1(h) hereafter occasioned by the promulgation of rules, regulations, pronouncements and opinions by or required by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successors thereto or agencies with similar functions) result in a change in the standards or terms found herein or (ii) there is any change in the Company's fiscal quarter or the Fiscal Year, the parties hereto agree to enter into negotiations in order to amend this Agreement so as to equitably reflect such changes with the desired result that the criteria for evaluating the Company's financial condition shall be the same after such changes as if such changes had not been made.
Accounting Terms; Change in Accounting Principles. 28 Section 1.04 Letter of Credit Amounts 28
