Consistent Basis Sample Clauses

Consistent Basis. In reference to the application of GAAP, the accounting principles observed in the current period are comparable in all material respects to those appliced in the preceding period.
Sample 1Sample 2
AutoNDA by SimpleDocs
Consistent Basis. The Accounts have been prepared on a basis which in all material respects is consistent with the previous year's practice (except as disclosed in note 1 to the Accounts).
Sample 1
Consistent Basis. The Borrower shall set aside on its books from its earnings for each Fiscal Year all such proper reserves, including reserves for depreciation, depletion, obsolescence and amortization of its properties during such Fiscal Year, as shall be required in accordance with Generally Accepted Accounting Principles applied on a Consistent Basis.
Sample 1
Consistent Basis. All references herein to the Company shall be deemed to refer to each of the Persons if more than one are described by such term and any agreement, obligation, duty or liability of the Company shall be a joint and several agreement, obligation, duty or liability of each of the Persons so described by such term.
Sample 1
Consistent Basis. Upon the failure of any Pledgor to so pay or contest such taxes, charges, Liens or assessments, the Agent at its option may pay or contest any of them (the Agent having the sole right to determine the legality or validity and the amount necessary to discharge such taxes, charges, Liens or assessments).
Sample 1
Consistent Basis. (a) The Audited Accounts have been prepared on a basis consistent with the audited accounts of the Group Companies for the [**] previous financial years without any changes in accounting policies used save for the change in the Group’s accounting financial year end from 30 June to 31 December and save as required to comply with Applicable Law. (b) The Management Accounts have been prepared with all due care and attention in accordance with the normal practice of the Group on a basis consistent with the management accounts of the Group for the preceding two (2) financial accounting years and there has been no revaluation of any assets, fixed or otherwise, from the value of those assets stated in the Audited Accounts.
Sample 1

Related to Consistent Basis

  • CONSISTENT CHANGES The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above.

  • Consistent Treatment Unless and until there has been a Final Determination to the contrary, each Party agrees not to take any position on any Tax Return, in connection with any Tax Contest or otherwise that is inconsistent with (i) the treatment of payments between the Parent Group and the SpinCo Group as set forth in Section 5.4, (ii) the Tax Materials or (iii) the Intended Tax Treatment.

  • Basis Occurrence basis.

  • Legal Basis The coordination of programs serving individuals with disabilities and the development of cooperative agreements between these programs has the following basis in Federal and State law: • The Rehabilitation Act of 1973, as amended by the Workforce Innovation Opportunity Act, 29 U.S.C. 701 et. seq. • 34 Code of Federal Regulations §§ 361, 363, 397 • The Americans with Disabilities Act, as amended • Maryland Education Article, §§ 21-301 – 21-304, Annotated Code of Maryland • Code of Maryland Regulations, 13A, Subtitle 11.

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

  • Basis of Computation Interest accrued hereunder shall be computed for the actual number of days elapsed on the basis of a 360-day year.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Measurements and arithmetic conventions All measurements and calculations shall be in the metric system and calculations done to 2 (two) decimal places, with the third digit of 5 (five) or above being rounded up and below 5 (five) being rounded down.

  • Cash Basis and Budget Laws The right of the City to enter into this Agreement is subject to the provisions of the Cash Basis Law (K.S.A. 10-1112 and 10-1113), the Budget Law (K.S.A. 79-2935), and all other laws of the State of Kansas. This Agreement shall be construed and interpreted so as to ensure that the City shall at all times stay in conformity with such laws, and as a condition of this Agreement the City reserves the right to unilaterally sever, modify, or terminate this Agreement at any time if, in the opinion of its legal counsel, the Agreement may be deemed to violate the terms of such laws.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!