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

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements delivered to the Administrative Agent for the fiscal year ending December 31, 2007 as required under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Flotek Industries Inc/Cn/), Credit Agreement (Flotek Industries Inc/Cn/)

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Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements Financial Statements delivered to the Administrative Agent for the fiscal year ending December 31, 2007 2004 as required under Section 5.2, and the Borrower Company shall not permit any change in the method of accounting employed in the preparation of the financial statements Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Complete Production Services, Inc.), Credit Agreement (Complete Production Services, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Parent delivered to the Administrative Agent for the fiscal year ending December ended January 31, 2007 as required under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent2011.

Appears in 2 contracts

Samples: Credit Agreement (Triangle Petroleum Corp), Security Agreement (Triangle Petroleum Corp)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Borrower delivered to the Administrative Agent for the fiscal year ending ended December 31, 2007 as 2015 other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the audited financial statements delivered to the US Administrative Agent for the fiscal year ending ended December 31, 2007 2013 pursuant to Section 3.1(j), except as required under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to provided in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent6.6.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Parent delivered to the Administrative Agent for the fiscal year ending ended December 31, 2007 as 2017 (or for periods before such financial statements are delivered, for the fiscal quarter ended March 31, 2017) other than such changes that have been disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Administrative Agent under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements Financial Statements delivered to the US Administrative Agent for the fiscal year ending December 31, 2007 2005 as required under Section 5.2, and the Borrower Company shall not permit any change in the method of accounting employed in the preparation of the financial statements Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the audited financial statements delivered to the Administrative Agent for the fiscal year ending ended December 31, 2007 2015 and 2016 pursuant to Section 3.2(f), except as required under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to provided in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent6.6.

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements Financial Statements delivered to the Administrative Agent for the fiscal year ending December 31, 2007 2005 as required under Section 5.2, and the Borrower Company shall not permit any change in the method of accounting employed in the preparation of the financial statements Financial Statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the US Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Accounting Terms; Changes in GAAP. (a) All accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP applied on a consistent basis with those applied in the preparation of the financial statements of the Parent delivered to the Administrative Agent for the fiscal year ending December ended January 31, 2007 as required under Section 5.2, and the Borrower shall not permit any change in the method of accounting employed in the preparation of the financial statements referred to in Section 4.4 unless required to conform to GAAP or approved in writing by the Administrative Agent2011.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Triangle Petroleum Corp)

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