Common use of Statements of Reconciliation after Change in Accounting Principles Clause in Contracts

Statements of Reconciliation after Change in Accounting Principles. If any change in GAAP or in the application thereof since the date of the most recent balance sheet included in the Historical MLP Financial Statements has occurred and such change has had a significant effect on the calculation of the Leverage Ratio or the Interest Coverage Ratio, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation specifying in reasonable detail the effect of such change on such calculation;

Appears in 3 contracts

Samples: Credit and Guaranty Agreement, Credit and Guaranty Agreement (Alon USA Energy, Inc.), Counterpart Agreement (Alon USA Partners, LP)

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Statements of Reconciliation after Change in Accounting Principles. If any change in GAAP or in the application thereof since the date of the most recent balance sheet included in the Historical MLP Financial Statements has occurred and such change has had a significant effect on the calculation of the Leverage Ratio or the Interest Coverage Ratio, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation specifying in reasonable detail the effect of such change on such calculation;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Alon USA Energy, Inc.)

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