Common use of Consistency of Accounting Principles, Policies and Practices Clause in Contracts

Consistency of Accounting Principles, Policies and Practices. All information to be provided to Xxxxxx by, or with respect to, the Company or any of its Subsidiaries or controlled Affiliates pursuant to this Agreement shall be consistent in terms of format, detail and otherwise with the accounting principles, policies and practices of Xxxxxx, with such changes therein as may be requested by Xxxxxx from time to time consistent with changes in such accounting principles, policies and practices. Subject to the foregoing, the Company shall give Xxxxxx as much prior notice as reasonably practicable of any proposed determination of, or any significant changes in, the Company’s accounting estimates or accounting principles. Senior employees of Xxxxxx and the Company with responsibility for accounting and financial reporting shall consult with each other (and their respective auditors, if requested) with respect to any such proposed determination or change. Unless otherwise required by applicable Law, the Company shall not make any such determination or changes without the prior written consent of Xxxxxx if such a determination or change would be sufficiently material to be required to be disclosed in financial statements or other disclosure documents filed by the Company or Xxxxxx with the SEC.

Appears in 2 contracts

Samples: Investor Agreement (Harris Stratex Networks, Inc.), Investor Agreement (Harris Corp /De/)

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Consistency of Accounting Principles, Policies and Practices. All information to be provided to Xxxxxx Hxxxxx by, or with respect to, the Company or any of its Subsidiaries or controlled Affiliates pursuant to this Agreement shall be consistent in terms of format, detail and otherwise with the accounting principles, policies and practices of XxxxxxHxxxxx, with such changes therein as may be requested by Xxxxxx Hxxxxx from time to time consistent with changes in such accounting principles, policies and practices. Subject to the foregoing, the Company shall give Xxxxxx Hxxxxx as much prior notice as reasonably practicable of any proposed determination of, or any significant changes in, the Company’s accounting estimates or accounting principles. Senior employees of Xxxxxx Hxxxxx and the Company with responsibility for accounting and financial reporting shall consult with each other (and their respective auditors, if requested) with respect to any such proposed determination or change. Unless otherwise required by applicable Law, the Company shall not make any such determination or changes without the prior written consent of Xxxxxx Hxxxxx if such a determination or change would be sufficiently material to be required to be disclosed in financial statements or other disclosure documents filed by the Company or Xxxxxx Hxxxxx with the SEC.

Appears in 2 contracts

Samples: Intellectual Property Agreement (Stratex Networks Inc), Intellectual Property Agreement (Harris Corp /De/)

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