Common use of Calculations; Computations Clause in Contracts

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Banks), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 historical financial statements of the Borrower delivered to the Banks pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 3 contracts

Samples: Acquisition Credit Agreement (Universal Outdoor Inc), Consolidation and Amendment (Universal Outdoor Inc), Revolving Credit Agreement (Universal Outdoor Holdings Inc)

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Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower Company to the Banks), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December March 31, 1995 1996 historical financial statements of the Borrower Company delivered to the Banks pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 3 contracts

Samples: Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc)

Calculations; Computations. (a) The financial statements to -------------------------- be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8Sections 7.11, 7.12 and 7.13, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 1997 historical financial statements of the Borrower Acquired Companies delivered to the Banks Lenders pursuant to Section 6.10(b5.10(b) and (y) that if at any time the such computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 daysdays (365-366 days in the case of interest on Base Rate Loans).

Appears in 2 contracts

Samples: Credit Agreement (MJD Communications Inc), Credit Agreement (MJD Communications Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Banks); PROVIDED, provided HOWEVER, that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31September 30, 1995 1996 historical financial statements of the Borrower delivered to the Banks pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the any Borrower to the Banks), provided that (x) that, except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 historical financial statements of the Borrower delivered to the Banks pursuant to Section 6.10(b) and (y) provided that if at FAS 109 shall be utilized in making all 110 such determinations. At any time the computations determining compliance with Section 8 utilize accounting principles or treatments different from those utilized in the financial statements then being furnished to the BanksBanks pursuant to Section 7.01, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Pueblo Xtra International Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders), provided PROVIDED that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8Sections 7.11, 7.12 and 7.13, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 2002 historical financial statements of the Borrower delivered to the Banks Lenders pursuant to Section 6.10(b5.10(b) and (y) that if at any time the such computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 daysdays (365-366 days in the case of interest on Base Rate Loans).

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing writ ing by Holdings or the Borrower to the Banks), provided that (x) except as otherwise specifically provided herein, all computations determining compliance compli ance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 historical financial statements of the Borrower Holdings delivered to the Banks pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing writ ing by Holdings or the Borrower to the Banks), provided that (x) except as otherwise specifically provided herein, all computations determining compliance compli ance with Section 87, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 1996 historical financial statements of the Borrower Holdings delivered to the Banks pursuant to Section 6.10(b5.10(b) and (y) that if at any time the computations determining compliance with Section 8 7 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (R&b Falcon Corp)

Calculations; Computations. (a) The financial statements to be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8Sections 9.11 through 9.17, inclusive, including definitions used therein, and all computations of Excess Cash Flow, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, prepare the December 31, 1995 historical financial statements of the Borrower delivered referred to the Banks pursuant to in Section 6.10(b) 7.10 and (y) that if at any time the such computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 daysdays (365-366 days in the case of interest on Base Rate Loans).

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders); provided, provided however, that (xi) except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31January 28, 1995 historical financial statements of the Borrower delivered to the Banks Lenders pursuant to Section 6.10(b) ), and (yii) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Peebles Inc)

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Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the any Borrower to the Banks), provided that (x) that, except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 historical financial statements of the Borrower delivered to the Banks pursuant to Section 6.10(b) and (y) provided that if at FAS 109 shall be utilized in making all -103- 110 such determinations. At any time the computations determining compliance with Section 8 utilize accounting principles or treatments different from those utilized in the financial statements then being furnished to the BanksBanks pursuant to Section 7.01, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Pueblo Xtra International Inc)

Calculations; Computations. (a) The financial statements to -------------------------- be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 1998 historical financial statements of the Borrower delivered to the Banks Lenders pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Hci Direct Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower Borrowers to the BanksLenders), provided that (x) except as otherwise specifically provided herein, all computations determining compliance with Section 87, including definitions used therein, [shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the SCGC December 31, 1995 1996 historical financial statements of the Borrower delivered to the Banks Lenders pursuant to Section 6.10(b) 5.10(a)] and (y) that if at any time the computations determining compliance with Section 8 7 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (ba) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Resort at Summerlin Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Banks pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Banks), provided PROVIDED that (x) except as otherwise specifically provided herein, all computations of Excess Cash Flow and all computations determining compliance with Section 8Sections 8.11 through 8.13, inclusive, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 historical financial statements of the Borrower AMTROL delivered to the Banks pursuant to Section 6.10(b) and (y) that if at any time the such computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the Banks, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Amtrol Inc /Ri/)

Calculations; Computations. (a) The financial statements to -------------------------- be furnished to the Banks Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the BanksLenders), provided that (x) except as otherwise -------- specifically provided herein, all computations determining compliance with Section 8, including definitions used therein, shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the December 31, 1995 1998 historical financial statements of the Borrower delivered to the Banks Lenders pursuant to Section 6.10(b) and (y) that if at any time the computations determining compliance with Section 8 utilize accounting principles different from those utilized in the financial statements furnished to the BanksLenders, such financial statements shall be accompanied by reconciliation work-sheets. (b) All computations of interest and Fees hereunder shall be made on the actual number of days elapsed over a year of 360 days.

Appears in 1 contract

Samples: Credit Agreement (Unilab Corp /De/)

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