Common use of Financial Calculations Clause in Contracts

Financial Calculations. All financial calculations to be made under, or for the purposes of, this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the provisions of this Agreement, shall be made using the then most recently issued quarterly Financial Statements which the Borrower is required to furnish to EBRD from time to time under Section 5.14(a); provided, however, that: (1) if the relevant quarterly Financial Statements should be in respect of the last quarter of a Financial Year then such calculations shall instead be made from the audited Financial Statements for the relevant Financial Year; and (2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.

Financial Calculations. All financial calculations to be made under, or for the purposes of, this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the provisions of this Agreement, shall be made using the then most recently issued quarterly semi-annual Financial Statements which the Borrower is required to furnish to EBRD from time to time under Section 5.14(a5.15(a); , except as otherwise required to conform to the definitions contained in Article I or any other provisions of this Agreement, provided, however, that: (1) if the relevant quarterly semi-annual Financial Statements should be in respect of the last quarter second half of a Financial Year then then, at EBRD's option, such calculations shall may instead be made from the audited Audited Financial Statements for the relevant Financial Year; and (2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.

Financial Calculations. All financial calculations to be made under, or for the purposes of, this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the provisions of this Agreement, shall be made using the then most recently issued quarterly semi annual Financial Statements which the Borrower is required to furnish to EBRD from time to time under Section 5.14(a5.15(a), except as otherwise required to conform to the definitions contained in Article I or any other provisions of this Agreement; provided, however, that: (1) if the relevant quarterly semi annual Financial Statements should be in respect of the last quarter half year of a Financial Year then then, at EBRD's option, such calculations shall may instead be made from the audited Audited Financial Statements for the relevant Financial Year; and (2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.

Financial Calculations. All financial calculations to be made under, or for the purposes of, this Agreement shall be made in accordance with Generally Accepted Accounting Principles and, except as otherwise required to conform to the provisions of this Agreement, shall be made using the then most recently issued quarterly Financial Statements which the Borrower is required to furnish to EBRD from time to time under Section 5.14(a5.15(a); , except as otherwise required to conform to the definitions contained in Article I or any other provisions of this Agreement, provided, however, that: (1) if the relevant quarterly Financial Statements should be in respect of the last quarter of a Financial Year then then, at EBRD's option, such calculations shall may instead be made from the audited Audited Financial Statements for the relevant Financial Year; and (2) if there should occur any material adverse change in the financial condition of the Borrower after the end of the period covered by the relevant Financial Statements, then such material adverse change shall also be taken into account in calculating the relevant figures.