Common use of Accounting Terms; Changes in GAAP Clause in Contracts

Accounting Terms; Changes in GAAP. (a) Unless otherwise indicated, all calculations of financial ratios (and the financial definitions and other financial calculations used in any financial ratio whether for covenant compliance or the determination of the Applicable Margin) and all accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP in effect from time to time applied on a consistent basis with those applied in the preparation of the audited Financial Statements referred to in Section 4.4, subject to clause (c) below.

Appears in 4 contracts

Samples: Credit Agreement (NCS Multistage Holdings, Inc.), Credit Agreement (NCS Multistage Holdings, Inc.), Credit Agreement (NCS Multistage Holdings, Inc.)

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Accounting Terms; Changes in GAAP. (a) Unless All accounting and financial terms used herein and not otherwise indicated, all calculations of financial ratios (defined herein and the compliance with each covenant contained herein which relates to financial definitions and other financial calculations used in any financial ratio whether for covenant compliance or the determination of the Applicable Margin) and all accounting terms not specifically defined in this Agreement matters shall be construed determined in accordance with GAAP in effect from time to time applied on a consistent basis with those applied in basis, except to the preparation of the audited Financial Statements referred to in Section 4.4, subject to clause (c) belowextent that a deviation therefrom is expressly stated.

Appears in 3 contracts

Samples: Term Loan Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.)

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Accounting Terms; Changes in GAAP. (a) Unless otherwise indicated, all calculations of financial ratios (and the financial definitions and other financial calculations used in any financial ratio whether for covenant compliance or the determination of the Applicable Margin) and all All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial CREDIT AGREEMENT (MuniMae) Page 18 calculations) required to be submitted pursuant to this Agreement shall be construed prepared in accordance with conformity with, GAAP applied on a consistent basis, as in effect from time to time applied on a consistent basis with those time, applied in a manner consistent with that used in preparing the preparation of the audited Audited Financial Statements referred to in Section 4.4Statements, subject to clause (c) belowexcept as otherwise specifically prescribed herein.

Appears in 1 contract

Samples: Credit Agreement (Municipal Mortgage & Equity LLC)

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