Common use of Compliance with Financial Restrictions Clause in Contracts

Compliance with Financial Restrictions. Compliance with each of the financial ratios and restrictions contained in Section 5 or Supplement A shall, except as otherwise provided herein, be determined in accordance with GAAP consistently followed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pioneer East Inc), Loan and Security Agreement (Elxsi Corp /De//)

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Compliance with Financial Restrictions. Compliance with each of the financial ratios and restrictions contained in Section 5 or Supplement A shall, except as to the extent otherwise provided herein, be determined in accordance with GAAP consistently followed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)

Compliance with Financial Restrictions. Compliance with each of the financial ratios and restrictions contained in Section SECTION 5 or Supplement A shall, except as otherwise provided herein, be determined in accordance with GAAP GAAP, consistently followed, subject to SECTION 1.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Unifrax Investment Corp)

Compliance with Financial Restrictions. Compliance with each of the financial ratios and restrictions contained in Section SECTION 5 or Supplement A shall, except as otherwise provided herein, be determined in accordance with GAAP consistently followed.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

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Compliance with Financial Restrictions. Compliance with each of the financial ratios and restrictions contained in Section 5 or Supplement A shall, except as otherwise provided herein, be determined in accordance with GAAP consistently followed.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

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