Common use of Accounting Variances Clause in Contracts

Accounting Variances. The Borrower, for itself and the Subsidiaries, shall deliver to the Agent Bank at the same time as the delivery of any annual or quarterly financial statement under Section 7.3 hereof, (i) a description in reasonable detail of any variation between the application of accounting principles employed in the preparation of such statement and the application of accounting principles employed in the preparation of the next preceding annual or quarterly financial statements (which variation materially affects the presentation of the financial position or results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP) and (ii) reasonable estimates of the difference between such statements arising as a consequence thereof.

Accounting Variances. The Borrower, for itself and the Subsidiaries-------------------- Guarantors, shall deliver to the Agent Bank at the same time as the delivery of any annual or quarterly financial statement under Section 7.3 6.3 hereof, (i) a description in reasonable detail of any variation between the application of accounting principles employed in the preparation of such statement and the application of accounting principles employed in the preparation of the next preceding annual or quarterly financial statements (which variation materially affects the presentation of the financial position or results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP) and (ii) reasonable estimates of the difference between such statements arising as a consequence thereof.

Accounting Variances. The Borrower, for itself and the SubsidiariesGuarantors, shall deliver to the Agent Bank at the same time as the delivery of any annual or quarterly quar-terly financial statement under Section 7.3 6.3 hereof, (i) a description descrip-tion in reasonable detail of any variation between the application of accounting principles employed in the preparation of such statement state-ment and the application of accounting principles employed in the preparation of the next preceding annual or quarterly financial statements (which variation materially affects the presentation of the financial position or results of operations of the Borrower and the Subsidiaries on a consolidated basis in accordance with GAAP) and (ii) reasonable estimates of the difference between such statements state-ments arising as a consequence thereof.