Accounting Terms; References to Sample Clauses
Accounting Terms; References to the Loan Party and Credit Documents, (a) As used in this Agreement, any Note, or any certificate, report or other Credit Document, accounting terms not defined in Section 1.3 or elsewhere in this Agreement shall have the respective meanings given to them under GAAP; provided, however, whenever such accounting terms are used for the purposes of detenuining compliance with the Financial Covenants in this Agreement, such accounting terms shall be defined in accordance with GAAP as applied in preparation of the Historical Financial Statements; (b) unless otherwise specifically stated, all references in this Agreement and the other Credit Documents to the term “Borrower” shall mean and refer to all of the Borrowers and (c) unless otherwise specifically stated, all references in this Agreement and any other Credit Document to this Agreement and any Credit Document shall mean and include this Agreement and such other Credit Document, as amended, modified or supplemented from time to time. Notwithstanding anything to the contrary provided in this Agreement, in the event of a change under GAAP (or the application thereof) requiring all leases to be capitalized, only those leases that would result or would have resulted in a Capital Eease or Capitalized Eease Obligation on the Closing Date (assuming for purposes hereof that such lease(s) was in existence on the date hereof) hereunder shall be considered capital leases
Accounting Terms; References to the Loan Party and Credit Documents 1 1.2 Uniform Commercial Code Ternis........................................................... 2 1.3
