GAAP Accounting Sample Clauses

GAAP Accounting. Generally Accepted Accounting Principles shall govern the timing, inclusion and exclusion of individual cost items or sources of revenue for purposes of financial reporting.

GAAP Accounting. Unless otherwise noted, working capital and all other financial measures used in this Agreement will be determined in accordance with generally accepted accounting principles applied by the Jet Center Entities on a consistent basis in effect on the date hereof as set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States (“GAAP”).

GAAP Accounting. Use of derivatives that do not qualify for hedge accounting or deferral accounting under generally accepted accounting principles shall not be utilized unless approval is obtained from the Financial Risk Management Committee.

GAAP Accounting. The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

GAAP Accounting. Unless otherwise noted, Net Working Capital, Company Revenue and all other financial measures used in this Agreement will be determined in accordance with GAAP.

GAAP Accounting. 16 TAKING OF NECESSARY ACTION; FURTHER ACTION......................11 ARTICLE II REPRESENTATIONS AND WARRANTIES AS TO THE COMPANY................12

GAAP Accounting. The Borrowers will maintain a system of accounting established and administered in accordance with GAAP, and shall deliver to Lender financial information with respect to any of the Borrowers that Lender may reasonably request.

GAAP Accounting. All Books and Records shall be maintained in accordance with GAAP or IAS, consistently applied as applicable, and with all applicable laws, statutes and regulations.

GAAP Accounting. As soon as reasonably practicable after the Agreement Date, the Company shall use reasonable efforts to implement and maintain a standard system of accounting established and administered in accordance with GAAP and prepare its financial statements in accordance with GAAP.