Common use of Reconciliation Statements Clause in Contracts

Reconciliation Statements. if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the consolidated financial statements of Company and its Subsidiaries delivered pursuant to subdivisions (i) or (ii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery of financial statements pursuant to subdivision (i) or (ii) of this subsection 6.1 following such change, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.4) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 4 contracts

Samples: Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc)

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Reconciliation Statements. ifIf, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant referred to subsection 5.3 or this subsection 6.1in Section 4.01(g), the consolidated financial statements of Company the Parent Guarantor and its Subsidiaries delivered pursuant to subdivisions Section 5.03(b), (ic) or (iif) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions Section had no such change in accounting principles and policies been made, then (i) together with the first delivery of financial statements pursuant to subdivision Section 5.03(b), (ic) or (f) following such change, consolidated financial statements of the Parent Guarantor and its Subsidiaries for the fiscal quarter immediately preceding the fiscal quarter in which such change is made, prepared on a pro forma basis as if such change had been in effect during such fiscal quarter, and (ii) together with each delivery of this subsection 6.1 financial statements pursuant to Section 5.03(b), (c) or (f) following such change, a written statement of the chief accounting officer or chief financial officer of Company the Parent Guarantor setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.4Section 5.04) which would have resulted if such financial statements had been prepared without giving effect to such change;.

Appears in 4 contracts

Samples: Credit Agreement (American Campus Communities Inc), Credit Agreement (American Campus Communities Inc), Secured Term Loan Agreement (American Campus Communities Inc)

Reconciliation Statements. if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the consolidated financial statements of Company and its Subsidiaries delivered pursuant to subdivisions (i), (ii) or (iixii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery of financial statements pursuant to subdivision (i), (ii) or (iixii) of this subsection 6.1 following such change, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.47.6) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 2 contracts

Samples: Credit Agreement (Express Scripts Inc), Credit Agreement (Express Scripts Inc)

Reconciliation Statements. ifIf, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 for the Fiscal Year ended December 31, 2008 or this subsection 6.1any subsequent Fiscal Year thereafter, the consolidated financial statements of Company Holdings and its Subsidiaries delivered pursuant to subdivisions (isubsections 6.1(C) or (iiand 6.1(D) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions subsections had no such change in accounting principles and policies been made, then together with not later than five (5) days after the first delivery of financial statements pursuant to subdivision (isubsections 6.1(C) or (iiand 6.1(D) of this subsection 6.1 following such change, pursuant to subsection 1.2, a written statement of the chief accounting officer or chief financial officer a Financial Officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.47.6) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 2 contracts

Samples: Credit Agreement (Panolam Industries International Inc), Credit Agreement (Panolam Industries International Inc)

Reconciliation Statements. if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant referred to in subsection 5.3 or this subsection 6.15.3, the consolidated financial statements of Company Holdings and its Subsidiaries delivered pursuant to subdivisions clauses (iii) or (iiiii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions clauses had no such change in accounting principles and policies been made, then together with not later than five (5) days after the first delivery of financial statements pursuant to subdivision clauses (iii) or (iiiii) of this subsection 6.1 following such change, pursuant to subsection 1.2, a written statement of the chief accounting officer or chief financial officer a Financial Officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.47.6) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 1 contract

Samples: Credit Agreement (Panolam Industries International Inc)

Reconciliation Statements. if, If as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently first Financial Statements referred to in clause (c) above, the Financial Statements delivered pursuant to subsection 5.3 or this subsection 6.1clauses (a), the consolidated financial statements of Company (b) and its Subsidiaries delivered pursuant to subdivisions (ic) or (ii) of this subsection 6.1 above will differ in any material respect from the consolidated financial statements Financial Statements that would have been delivered pursuant to such subdivisions clauses had no such change in accounting principles and policies been mademade and such difference would materially effect the calculation of the financial covenants set forth in Section 5.1 or 5.2, then together with the first each delivery of financial statements pursuant to subdivision (i) or (ii) of this subsection 6.1 Financial Statements following such change, a written statement of the chief accounting financial officer or chief financial executive officer of Company the Borrower setting forth the material differences (including any material differences that would affect any calculations relating to the financial covenants set forth in subsection 7.4Sections 5.1 and 5.2 and a reconciliation between calculations of such covenants made before and after giving effect to such change in accounting principles and policies) which would have resulted if such financial statements Financial Statements had been prepared without giving effect to such change;, all in reasonable detail and accompanied by financial statements and other documents reasonably requested by the Syndication Agent in support of such written statement, in each case until such time as any affected financial covenants in Sections 5.1 and 5.2 may be amended as contemplated by Section 1.3.

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

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Reconciliation Statements. ifIf, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the consolidated financial statements of Company and its Subsidiaries delivered pursuant to subdivisions (i) or (ii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery of financial statements pursuant to subdivision (i) or (ii) of this subsection 6.1 following such change, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.47.6) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lincoln Electric Holdings Inc)

Reconciliation Statements. if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the consolidated financial statements of Company and its Subsidiaries delivered pursuant to subdivisions (i), (ii) or (iixii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery of financial statements pursuant to subdivision (i), (ii) or (iixii) of this subsection 6.1 following such change, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants set forth in subsection 7.4) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Express Scripts Inc)

Reconciliation Statements. if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements most recently delivered pursuant to subsection 5.3 or this subsection 6.1, the consolidated financial statements of Company and its Subsidiaries delivered pursuant to subdivisions (i) or (ii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then together with the first delivery of financial statements pursuant to subdivision (i) or (ii) of this subsection 6.1 following such change, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the financial covenants covenant set forth in subsection 7.4) which would have resulted if such financial statements had been prepared without giving effect to such change;

Appears in 1 contract

Samples: Credit Agreement (Express Scripts Holding Co.)

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