DEFINITIONS AND ACCOUNTING TERMS1 Clause Samples
The "Definitions and Accounting Terms" clause establishes the specific meanings of key terms and accounting concepts used throughout the agreement. It typically lists and clarifies words or phrases that may have specialized or ambiguous meanings, and may reference generally accepted accounting principles or other standards to ensure consistency. By providing clear definitions, this clause eliminates confusion and ensures that all parties interpret the contract language in the same way, thereby reducing the risk of disputes over terminology.
DEFINITIONS AND ACCOUNTING TERMS1. 1.01Defined Terms. 1 1.02Other Interpretive Provisions. 33
DEFINITIONS AND ACCOUNTING TERMS1. 1.01 Defined Terms1
1.02 Other Interpretive Provisions53
1.03 Accounting Terms54
1.04 [Reserved]54
1.05 Rounding54
1.06 Times of Day55
1.07 Letter of Credit Amounts55
1.08 Currency Equivalents Generally55
1.09 Pro Forma Basis55
1.10 LIBOR Notification56
DEFINITIONS AND ACCOUNTING TERMS1. 01Defined Terms 1 1.02Other Interpretive Provisions 54 1.03Accounting Terms 55 1.04Rounding 55 1.05Times of Day 55 1.06Letter of Credit Amounts 55 1.07Exchange Rates; Currency Equivalents 56 1.08Additional Alternative Currencies 56 1.09Change of Currency 57 1.10Dutch Terms 58 1.11Luxembourg Terms. 59 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS59 2.01The Loans 59 2.02Borrowings, Conversions and Continuations of Loans 61 2.03Letters of Credit 63 2.04Swing Line Loans 75 2.05Prepayments 79 2.06Termination or Reduction of Commitments 83 2.07Repayment of Loans 84 2.08Interest 85 2.09Fees 86 2.10Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate 87 2.11Evidence of Debt 88 2.12Payments Generally; Administrative Agent’s Clawback 88 2.13Sharing of Payments by Lenders 90 2.14Increase in Revolving Credit Facility 91 2.15Increase in Term Facility 93 2.16Designated Borrowers 94 2.17Cash Collateral 96 2.18Defaulting Lenders 97 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY99 3.01Taxes 99
DEFINITIONS AND ACCOUNTING TERMS1. Section 1.01Certain Defined Terms1 Section 1.02Computation of Time Periods28 Section 1.03Accounting Terms.28 Section 1.04Miscellaneous28
DEFINITIONS AND ACCOUNTING TERMS1. Section 1.01Certain Defined Terms1 Section 1.02Computation of Time Periods28 Section 1.03Accounting Terms.28 Section 1.04Miscellaneous28