Common use of Approved Accounting Principles Clause in Contracts

Approved Accounting Principles. All accounts of any Group Company delivered to the Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles (save as may be required by law). If there is a change in the Approved Accounting Principles after the date of this agreement: (i) Bidco 2 shall promptly advise the Facility Agent; (ii) following request by the Facility Agent, Bidco 2 and the Facility Agent shall negotiate in good faith with a view to agreeing any amendments to clauses 20.11 (Financial Covenants) and 20.12 (Financial Definitions) which are necessary to give the Lenders comparable protection to that contemplated by those clauses at the date of this agreement; (iii) if amendments satisfactory to the Majority Lenders are agreed by Bidco 2 and the Facility Agent within 30 days of that notification to the Facility Agent, those amendments shall take effect in accordance with the terms of that agreement; and (iv) if amendments satisfactory to the Majority Lenders are not so agreed within 30 days then, within 15 days after the end of that 30 day period, Bidco 2 shall either: (A) deliver to the Facility Agent, in reasonable detail and in a form satisfactory to the Facility Agent, details of all adjustments which need to be made to the relevant accounts in order to bring them into line with the Approved Accounting Principles as at the date of this agreement; or (B) ensure that the relevant accounts are prepared in accordance with the Approved Accounting Principles as at the date of this agreement.

Approved Accounting Principles. All accounts of any Group Company delivered to the Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles (save as may be required by law)and, in the case of Annual Accounts, in compliance with the Irish Companies Acts 1963 to 2001. If there is a change in the Approved Accounting Principles after the date of this agreement: (i) Bidco 2 the Parent shall promptly advise the Facility Agent; (ii) following request by the Facility Agent, Bidco 2 the Parent and the Facility Agent shall negotiate in good faith with a view to agreeing any amendments to clauses 20.11 20.13 (Financial Covenantscovenants) and 20.12 20.14 (Financial Definitionsdefinitions) which are necessary to give the Lenders comparable protection to that contemplated by those clauses at the date of this agreement; (iii) if amendments satisfactory to the Majority Lenders are agreed by Bidco 2 the Parent and the Facility Agent within 30 days of that notification to the Facility Agent, those amendments shall take effect in accordance with the terms of that agreement; and (iv) if amendments satisfactory to the Majority Lenders are not so agreed within 30 days then, within 15 days after then upon delivering any accounts pursuant to paragraph (c) (i) or (ii) above the end of that 30 day period, Bidco 2 Parent shall either: (A) deliver to the Facility Agent, in reasonable detail and in a form satisfactory to the Facility Agent, details of all any adjustments which need to be made to the relevant accounts in order to bring them into line with the Approved Accounting Principles as at the date of this agreement; or (B) ensure that the relevant accounts are prepared in accordance with the Approved Accounting Principles as at the date of this agreement.

Approved Accounting Principles. All accounts of any Group Company delivered to the Mezzanine Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles (save as may be required by law)and, in the case of Annual Accounts, in compliance with the Irish Companies Acts 1963 to 2001. If there is a change in the Approved Accounting Principles after the date of this agreement: (i) Bidco 2 the Parent shall promptly advise the Mezzanine Facility Agent; (ii) following request by the Mezzanine Facility Agent, Bidco 2 the Parent and the Mezzanine Facility Agent shall negotiate in good faith with a view to agreeing any amendments to clauses 20.11 18.14 (Financial Covenantscovenants) and 20.12 18.15 (Financial Definitionsdefinitions) which are necessary to give the Mezzanine Lenders comparable protection to that contemplated by those clauses at the date of this agreement; (iii) if amendments satisfactory to the Majority Mezzanine Lenders are agreed by Bidco 2 the Parent and the Facility Agent within 30 days of that notification to the Mezzanine Facility Agent, those amendments shall take effect in accordance with the terms of that agreement; and (iv) if amendments satisfactory to the Majority Mezzanine Lenders are not so agreed within 30 days then, within 15 days after then upon delivering any accounts pursuant to paragraph (c) (i) or (ii) above the end of that 30 day period, Bidco 2 Parent shall either: (A) deliver to the Mezzanine Facility Agent, in reasonable detail and in a form satisfactory to the Mezzanine Facility Agent, details of all any adjustments which need to be made to the relevant accounts in order to bring them into line with the Approved Accounting Principles as at the date of this agreement; or (B) ensure that the relevant accounts are prepared in accordance with the Approved Accounting Principles as at the date of this agreement.

Approved Accounting Principles. All accounts financial statements of any Group Company the Parent delivered or to be delivered to the Facility Agent under this agreement Agreement shall be prepared in accordance with the Approved Accounting Principles (save as may be required by law)Principles. If there is as a result of a change in accounting principles such financial statements are required to be prepared on a different basis (and that difference is or could reasonably be expected to be relevant to the Approved Accounting Principles after calculation of the date financial ratios under this Agreement or otherwise material to the interests of the Finance Parties under this agreement:Agreement): (ia) Bidco 2 shall promptly the Obligors' Agent shall, as soon as reasonably practicable after becoming aware of that change, so advise the Facility Agent; (iib) following on request by of the Facility Agent, Bidco 2 the Obligors' Agent and the Facility Agent (on behalf of the Banks) shall negotiate in good faith with a view to agreeing any such amendments to clauses 20.11 Clause 19.7 (Financial Covenants) and 20.12 (Financial Definitions) which and/or the definitions of any or all of the terms used therein as are necessary to give the Lenders Banks comparable protection to that contemplated by those clauses at the date of this agreementAgreement; (iiic) if amendments satisfactory to the Majority Lenders Banks are agreed by Bidco 2 the Obligors' Agent and the Facility Agent in writing within 30 days of that such notification to the Facility Agent, those amendments shall take effect in accordance with the terms of that agreement; and (ivd) if such amendments satisfactory to the Majority Lenders are not so agreed within 30 days thendays, within 15 days after the end of that 30 day period, Bidco 2 the Obligors' Agent shall either: (Ai) deliver to the Facility Agent, in reasonable detail and in a form satisfactory to the Facility Agent, details of all such adjustments which as need to be made to the relevant accounts financial statements in order to bring them into line with the Approved Accounting Principles as at the date of this agreementPrinciples; or (Bii) ensure that the relevant accounts financial statements are prepared in accordance with the Approved Accounting Principles as at the date of this agreementPrinciples.

Approved Accounting Principles. All accounts of any Group Company delivered to the Facility Agent under this agreement shall be prepared in accordance with the Approved Accounting Principles (save as may be required by law)and, in the case of Annual Accounts, in compliance with the Companies Act 1985. If there is a change in the Approved Accounting Principles Accounxxxx Xxxnciples after the date of this agreement: (i) Bidco 2 the Parent shall promptly advise the Facility Agent; (ii) following request by either the Facility AgentAgent or the Parent, Bidco 2 the Parent and the Facility Agent shall negotiate in good faith with a view to agreeing any amendments to clauses 20.11 20.14 (Financial Covenantscovenants) and 20.12 20.15 (Financial Definitionsdefinitions) which are necessary to give the Lenders comparable protection to that contemplated by those clauses at the date of this agreement; (iii) if amendments satisfactory to the Majority Lenders are agreed by Bidco 2 the Parent and the Facility Agent within 30 days of that notification to the Facility Agent, those amendments shall take effect in accordance with the terms of that agreement; and (iv) if amendments satisfactory to the Majority Lenders are not so agreed within 30 days then, within 15 days after then upon delivering any accounts pursuant to paragraph (c) (i) or (ii) above the end of that 30 day period, Bidco 2 Parent shall either: (A) deliver to the Facility Agent, in reasonable detail and in a form satisfactory to the Facility Agent, details of all any adjustments which need to be made to the relevant accounts in order to bring them into line with the Approved Accounting Principles as at the date of this agreement; or (B) ensure that the relevant accounts are prepared in accordance with the Approved Accounting Principles as at the date of this agreement.