Common use of Calculations; Computations Clause in Contracts

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the Bank); provided that, except as otherwise specifically provided herein, all computations determining compliance with Section 6, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank pursuant to Section 5.05(a).

Appears in 4 contracts

Samples: Credit Agreement (Sierra Prime Income Fund), Credit Agreement (Sierra Prime Income Fund), Credit Agreement (Sierra Prime Income Fund)

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Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Lender pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankLender); provided that, except as otherwise specifically provided herein, all computations determining compliance with Section 6, 8 shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered referred to the Bank pursuant to in Section 5.05(a6.05(a).

Appears in 2 contracts

Samples: Warehouse Credit Agreement (Mortgage Com Inc), Warehouse Credit Agreement (Mortgage Com Inc)

Calculations; Computations. (a) The financial statements to -------------------------- be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Lender pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankLender); provided that, except as otherwise specifically provided herein, all -------- computations determining compliance with Section 6, 8 shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered referred to the Bank pursuant to in Section 5.05(a6.05(a).

Appears in 2 contracts

Samples: Warehouse Credit Agreement (E Loan Inc), Warehouse Credit Agreement (E Loan Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting policies and principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or thereto). The Projections have been made and prepared in accordance with the same accounting policies and principles as otherwise disclosed in writing by the relevant Borrower financial statements delivered pursuant to the BankSection 6.07(a); provided that, except as otherwise specifically provided herein, all . All calculations and computations determining compliance with Section 6, Sections 4.02 and 8 shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered referred to the Bank pursuant to in Section 5.05(a6.07(a).

Appears in 2 contracts

Samples: Credit Agreement (Interlake Corp), Credit Agreement (Interlake Corp)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided that, except as otherwise specifically provided herein, all computations of Excess Cash Flow and all computations determining compliance with Section 6Sections 9.07 through 9.10, inclusive, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a7.05(a) (with the foregoing generally accepted accounting principles, subject to the preceding proviso, herein called "GAAP").

Appears in 1 contract

Samples: Credit Agreement (Chancellor Radio Broadcasting Co)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided that, except as otherwise specifically provided herein, all computations of the Interest Reduction Discount and all computations determining compliance with Section 6Sections 9.08 through 9.10, inclusive, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a7.05(a).

Appears in 1 contract

Samples: Credit Agreement (Tracor Inc /De)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States States, consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the Bank); provided that, except as otherwise specifically provided herein, all computations determining compliance with Section 6, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank pursuant to Section 5.05(a5.5(a).

Appears in 1 contract

Samples: Credit Agreement (Warburg Pincus Post Venture Capital Fund Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Lenders pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankLenders); , provided that, that except as otherwise specifically provided herein, all computations and definitions (including accounting terms) used in determining compliance with Section 6Sections 7.08 and 7.09, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered referred to the Bank pursuant to in Section 5.05(a).

Appears in 1 contract

Samples: Credit Agreement (Texas Genco Holdings Inc)

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Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes Revolving Revolving Notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided provided, however, that, except as otherwise specifically provided herein, all computations determining compliance with Section 6Sections 9.07 through 9.10, inclusive, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a7.05(a) (with the foregoing generally accepted accounting principles, subject to the preceding proviso, referred to herein as "GAAP").

Appears in 1 contract

Samples: Credit Agreement (H-R Window Supply Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided that, except as otherwise specifically provided herein, all computations of Excess Cash Flow and all computations determining compliance with Section 6Sections 9.07 through 9.12, inclusive, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a7.05(a) (with the foregoing generally accepted accounting principles, subject to the preceding proviso, herein called "GAAP").

Appears in 1 contract

Samples: Credit Agreement (Chancellor Broadcasting Co /De/)

Calculations; Computations. (a) The financial statements to be -------------------------- furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided provided, however, that, except as otherwise specifically provided herein, all computations determining compliance with Section 6, 8 shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a6.05(a).

Appears in 1 contract

Samples: Credit Agreement (Nicholas Applegate Fund Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Banks pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower to the BankBanks); provided that, except as otherwise specifically provided herein, all computations of Excess Cash Flow and all computations determining compliance with Section 6Sections 9.08 through 9.12, inclusive, shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered to the Bank Banks pursuant to Section 5.05(a7.05(a).

Appears in 1 contract

Samples: Credit Agreement (Staff Leasing Inc)

Calculations; Computations. (a) The financial statements to be furnished to the Bank and the calculation of Asset Coverage Ratios and Borrowing Base Lender pursuant hereto shall be made and prepared in accordance with generally accepted accounting principles in the United States consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the relevant Borrower Borrowers to the BankLender); provided that, except as otherwise specifically provided herein, all computations determining compliance with Section 6, 8 shall utilize accounting principles and policies in conformity with those used to prepare the historical financial statements delivered referred to the Bank pursuant to in Section 5.05(a6.05(a).

Appears in 1 contract

Samples: Warehouse Credit Agreement (Imc Mortgage Co)

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