IFRS. The term “
IFRS. The term “IFRS” shall mean International Financial Reporting Standards.
IFRS. All financial terms and standards defined or used in this Agreement for sales or activities occurring in the Territory shall be governed by and determined in accordance with the generally accepted accounting principles as referred to in the International Financial Reporting Standards ("IFRS"). [*]=CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.
IFRS. Notwithstanding the above, the Company shall maintain and provide to each Member upon request (i) such data, and in such format, as may be required to enable the Investor to prepare financial information under International Financial Reporting Standards (“IFRS”) and (ii) a reconciliation between GAAP and IFRS. The Company shall, upon request of any NBM Manager, prepare or cause to be prepared annual and quarterly financial statements in accordance with IFRS.
IFRS. FMLP and PP&E shall be as defined by International Financial Reporting Standards (“IFRS”), not GAAP. FMLP Value and PP&E Value shall be as defined and measured by IFRS, not GAAP.
IFRS. Unless otherwise expressly provided, all accounting terms used in this Agreement shall be interpreted and all financial information shall be prepared in accordance with IFRS, consistently applied. If any accounting changes occur and such changes result in a material change in the calculation of the financial covenants, standards or terms used in this Agreement or any other Document, then the Borrower, the Agent and the Lenders agree to enter into negotiations in order to amend such provisions of this Agreement or such Document, as applicable, so as to equitably reflect such accounting changes with the desired result that the criteria for evaluating the Borrower’s (or its applicable Subsidiary’s) financial condition shall be the same after such accounting changes as if such accounting changes had not been made; provided, however, that the agreement of the Required Lenders to any required amendments of such provisions shall be sufficient to bind all Lenders. If the Borrower and the Required Lenders agree upon the required amendments, then after appropriate amendments have been executed and the underlying accounting change with respect thereto has been implemented, any reference to IFRS contained in this Agreement or in any other Document shall, only to the extent of such accounting change, refer to IFRS, consistently applied after giving effect to the implementation of such accounting change. If the Borrower and the Required Lenders cannot agree upon the required amendments within thirty (30) days following the date of implementation of any accounting change, then all calculations of financial covenants and other standards and terms in this Agreement and the other Documents shall continue to be prepared, delivered and made without regard to the underlying accounting change (in such case, the Borrower shall, in connection with the delivery of any financial statements under this Agreement, provide a management prepared reconciliation of the financial covenants to such financial statements in light of such accounting changes). Notwithstanding the new IFRS 16 rules that came into force on January 1, 2019 with respect to the accounting treatment of leases, (i) the provisions of this Agreement of a financial or accounting nature (including ratios and tests) will be applied without taking into account the IFRS 16 rules and as if there had been no change in such accounting treatment and (ii) any financial ratio calculation thereafter will be accompanied with a recon...
IFRS. Except as specifically provided otherwise by the Parties hereto, in keeping books and records for the Operations, Company shall record all revenue, refunds, rebates, costs, expenses, and any other information using the same accounting method under which Company kept its books and records prior to the date of this Agreement, in accordance with IFRS, consistently applied.
IFRS. The IFRS Financial Information has been prepared in accordance with accounting policies based on IFRS as in effect (including interpretations thereof) at March 31, 2004 (stable platform) in all material respects (using various transitional provisions as disclosed under "Changes in Accounting Policies" in the 2004 Comparable IFRS Financial Information), including the principles relating to first time adoption of IFRS set out in, and permitted by, IFRS 1. With the exception of IFRS No. 4 (Insurance Contracts), International Accounting Standard ("IAS") No. 32 (Financial Instruments: Disclosure and Presentation) and IAS No. 39 (Financial Instruments: Recognition and Measurement), which were implemented starting January 1, 2005, financial information included in the IFRS Interim 6-K has been prepared on a basis consistent with the IFRS financial information included in the 2004 Comparable IFRS Financial Information.
IFRS. If the relevant IFRS changes during the term of this Agreement such that any tests or covenants contained herein would then be calculated, or reports delivered pursuant to those tests or covenants would then be prepared, in a different manner or with different components, the parties hereto agree to negotiate in good faith to amend this Agreement in such respects as are necessary to conform those tests or covenants as criteria for evaluating the applicable Originator’s financial condition to substantially the same criteria as were effective prior to such change in the relevant IFRS; provided, however, that, until the parties so amend this Agreement, all such tests or covenants shall be calculated, and all such reports prepared, in accordance with the relevant IFRS, as in effect immediately prior to such change. All accounting terms not specifically defined herein shall be construed in accordance with IFRS.
IFRS. If the relevant IFRS changes, as applicable, during the term of this Agreement such that any tests or covenants contained herein would then be calculated, or reports delivered pursuant to those tests or covenants would then be prepared, in a different manner or with different components, the Facility Agents and the Co-Agents agree to negotiate in good faith to amend this Agreement in such respects as are necessary to conform those tests or covenants as criteria for evaluating the Group’s financial condition to substantially the same criteria as were effective prior to such change in the relevant IFRS; provided, however, that, until the Facility Agents and the Co-Agents so amend this Agreement, all such tests or covenants shall be calculated, and all such reports prepared, in accordance with the relevant IFRS, as in effect immediately prior to such change. All accounting terms not specifically defined herein shall be construed in accordance with the relevant IFRS.
