GAAP Accounting. The Company shall maintain a system of accounting established and administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP.
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. 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. 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. 16 TAKING OF NECESSARY ACTION; FURTHER ACTION......................11 ARTICLE II REPRESENTATIONS AND WARRANTIES AS TO THE COMPANY................12
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 generally accepted accounting principles as in effect from time to time ("GAAP").
GAAP Accounting. The Interim Financial Statements and the Audited Financial Statements were prepared in accordance with GAAP applied on a consistent basis throughout the periods involved and present fairly the financial position, results of operations, and cash flows of the Acquired Corporation as of the dates and for the periods indicated therein.
GAAP Accounting. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to in Article VII shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financing Accounting Standard or FASB Accounting Standards Codification™ having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party or any Subsidiary of any Loan Party at “fair value.”
GAAP Accounting. All financial statements required under this Section 11.02 shall be prepared in accordance with GAAP.
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.
