International Financial Reporting Standards. Wherever in this Agreement reference is made to International Financial Reporting Standards, such reference shall be deemed to be the recommendations at the relevant time of the International Financial Reporting Standards rather than Canadian generally accepted accounting principles and determined by the Canadian Institute of Chartered Accountants. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.
International Financial Reporting Standards. It has assessed the impact that the conversion to International Financial Reporting Standards will have on its accounting and reporting systems and other relevant aspects of its business, and has developed and is implementing strategies and procedures to effectively make this conversion when required in accordance with the time-frame and standards established by Canadian Institute of Chartered Accountants. As of the date of this Agreement, it is in compliance with all public reporting requirements under Applicable Law with respect to disclosing the anticipated effects of the conversion to International Financial Reporting Standards.
International Financial Reporting Standards. Wherever in this Agreement reference is made to . International Financial Reporting Standards (“IFRS”), such reference shall be deemed to be the recommendations at the relevant time of the International Accounting Standards Board, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with IFRS. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with IFRS.
International Financial Reporting Standards. Any financial determination required to be made hereunder will be performed in accordance with International Financial Reporting Standards.
International Financial Reporting Standards or IFRS shall mean the accounting rules and standards as issued by the International Accounting Standard Board (IASB) and as adopted by the European Union.
International Financial Reporting Standards. To the extent conversion to IFRS has not occurred, it has assessed the impact that the conversion to IFRS will have on its accounting and reporting systems and other relevant aspects of its business, and has developed and is implementing strategies and procedures to effectively make this conversion when required in accordance with the time-frame and standards established by Canadian Institute of Chartered Accountants. As of the date of this Agreement, it is in compliance with all public reporting requirements under Applicable Law with respect to disclosing the anticipated effects of the conversion to IFRS.
International Financial Reporting Standards. All accounting and financial terms used herein, unless specifically provided to the contrary, will be interpreted and applied in accordance with International Financial Reporting Standards.
International Financial Reporting Standards. This deferral account will record the revenue requirement impact of all reasonable costs and disbursements incurred by Westcoast during the term of this Agreement in connection with analysing, reviewing, planning for and implementing the new International Financial Reporting Standards adopted by the CICA to be in effect commencing in 2011 as applied to Zones 3 and 4. Westcoast will review these costs with the TTTF on a semi-annual basis.
International Financial Reporting Standards. As of the Closing Date, the Borrowers, US Holdings and Canada Holdings are aware of the application of International Financial Reporting Standards in Canada beginning in January, 2011. As of the Closing Date, the Borrowers, US Holdings and Canada Holdings, are aware of the SEC’s consideration to incorporate IFRS into future financial reporting requirements for US issuers, however, as of the Closing Date, to the Borrowers’, US Holdings” and Canada Holdings’ knowledge, there is no impact or effect on the accounting and reporting systems or any other aspect of the business of the Loan Parties as they report under US GAAP.
International Financial Reporting Standards. Income means income received by the Partnership (whether directly or in the form of interest, a dividend or other distribution) net of Partnership Expenses and any reserves made in respect of Partnership Expenses.
