Common use of FIN 46 Clause in Contracts

FIN 46. For purposes of determining compliance with the financial covenants in this Agreement, the application of Financial Accounting Standards Board Interpretation No. 46 shall be disregarded with respect to financial consolidation of any entity that is not a subsidiary of the Borrower.

Appears in 5 contracts

Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

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FIN 46. For purposes of determining compliance with the financial covenants in this Agreement and for purposes of making the financial calculations required by this Agreement, notwithstanding anything herein to the contrary, the application of Financial Accounting Standards Board Interpretation No. 46 shall be disregarded with respect to financial consolidation of any entity that is not a subsidiary Subsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Black Amber Florida, Inc.)

FIN 46. For purposes of determining compliance with the financial covenants in this Agreement, the application of Financial Accounting Standards Board Interpretation No. 46 shall be disregarded with respect to financial consolidation of any entity that is not a subsidiary Subsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

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FIN 46. For purposes of determining compliance with the financial covenants in this Agreement, the application of Financial Accounting Standards Board Interpretation No. 46 shall be disregarded with respect to financial consolidation of any entity that is not a subsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ashton Houston Residential L.L.C.)

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