Change in Accounting Policy. Any material change in any accounting policy of any SPV Entity or any Originator that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document (it being understood that any change to the manner in which any Originator accounts for the Pool Receivables shall be deemed “material” for such purpose).
Change in Accounting Policy. Any material change in any accounting policy of any Servicer that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document.
Change in Accounting Policy. Promptly notify Buyer, Agent and each Purchaser Agent of any material change in the accounting policy of Originator or Performance Guarantor if such change relates to the Receivables or the origination or servicing thereof or the transactions contemplated by the Transaction Documents.
Change in Accounting Policy. Any material change in any accounting policy of the Collection Agent that would reasonably be expected to affect the transactions contemplated by this Agreement or any other Transaction Document.
Change in Accounting Policy. Prompt notice of any material change in the accounting policy of Seller if such change relates to the Receivables or the origination or servicing thereof or the transactions contemplated by the Transaction Documents.
Change in Accounting Policy. Any material change to the manner in which such Originator accounts for the contribution of Receivables hereunder.
Change in Accounting Policy. During fiscal 2013 the Company changed its accounting policy with respect to exploration and evaluation expenditures. In prior years the Company's policy was to expense mineral exploration and development costs as incurred until such time as either mineral reserves are proven or permits to operate the mineral resource property are received and financing to complete the development are obtained. Effective with the presentation of the fiscal 2013 consolidated financial statements, on a retrospective basis, the Company elected to change this accounting policy to capitalize by property all costs relating to the exploration and evaluation of mineral properties classified as exploration and evaluation assets. The effects of the change in accounting policy related to the Company's exploration and evaluation assets for fiscal 2012 are as follows: NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS _____________________________________________________________________________________________________________________________________
Change in Accounting Policy. The Seller shall not be liable in respect of any Relevant Claim in respect of any matters resulting from a change of accounting policy or practice or the length of any accounting period of the Buyer or the Target Group introduced after Completion.
Change in Accounting Policy. In December 1997, The Canadian Institute of Chartered Accountants issued Handbook Section 3465, "Accounting for Income Taxes". The standard requires a change from the deferred method of accounting for income taxes to the asset and liability method of accounting for income taxes. Under the asset and liability method, future tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment or enactment occurs. In 2000, the Company has adopted the asset and liability method retroactively with restatement of the December 31, 1999, December 31, 1998 and December 31, 1997 figures. The retained earnings as at January 1, 1997 have been increased by $157,000 as a result of this change. The following summarizes the impact of applying Section 3465 on net income for restated prior periods: DECEMBER 31, JUNE 30, -------------------------------- 1999 1999 1998 1997 -------- -------- -------- -------- Net income (000's) As previously reported...................................... $ 933 $ 10,963 $ (1,797) $(94,116) Effect of adoption of Section 3465.......................... 29 (358) (372) -- -------- -------- -------- -------- As restated................................................. $ 962 $ 10,605 $ (2,169) $(94,116) -------- -------- -------- -------- Per share amounts as previously reported.................... $ 0.01 $ 0.15 $ (0.03) $ (1.38) Effect of Section 3465...................................... -- (0.01) -- -- -------- -------- -------- -------- As restated................................................. $ 0.01 $ 0.14 $ (0.03) $ (1.38) ======== ======== ======== ========
Change in Accounting Policy. In December 1997, the Canadian Institute of Chartered Accountants issued Handbook Section 3465, "Accounting for Income Taxes". The standard requires a change from the deferred method of accounting for income taxes to the asset and liability method of accounting for income taxes. Under the asset and liability method, future tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment or enactment occurs. The cumulative effect of this change in accounting for income taxes is determined as of January 1, 2000 and has been reported as an increase of $878,000 to retained earnings at that date, with corresponding increases in the current and non-current future income tax assets of $238,000 and $1,898,000, and an increase in the future income tax liability of $1,258,000. Prior years' financial statements have not been restated to apply the provisions of Section 3465.
