Common use of Computation of Covenants Clause in Contracts

Computation of Covenants. Unless otherwise expressly stated in this Agreement, if at any time any change in generally accepted accounting principles (including the adoption of IFRS) would affect the computation of a Value Adjustment Event or Material Modification, Borrower and Administrative Agent shall negotiate in good faith to amend such covenant to preserve the original intent in light of such change; provided, that, until so amended, such term shall continue to be computed in accordance with the application of generally accepted accounting principles prior to such change.