Acceptable Accounting Basis definition

Acceptable Accounting Basis means GAAP, income tax basis or such other accounting basis reasonably acceptable to Lender, which accounting basis is utilized by Borrower and Guarantor for the purposes of financial reporting in accordance with this Agreement and the other Loan Documents; provided that such accounting basis shall be consistently applied throughout the periods covered by the applicable financial statements and reports.
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Acceptable Accounting Basis means GAAP, income tax basis, or such other accounting basis reasonably acceptable to Lender in all cases, consistently applied, which accounting basis is utilized by Borrower and Guarantor for purposes of financial reporting in accordance with this Agreement and the other Loan Documents.
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Acceptable Accounting Basis means GAAP, income tax basis or such other accounting basis selected by Borrower and reasonably acceptable to Lender, in each case, which accounting basis shall be consistently applied.
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Examples of Acceptable Accounting Basis in a sentence

  • All financial statements delivered to Lender pursuant to this Section 4.1.6 shall be prepared in accordance with the Acceptable Accounting Basis and consistently applied and, if applicable, the requirements of Regulation AB.

  • Borrower shall keep and maintain, or shall cause to be kept and maintained, in accordance with the Acceptable Accounting Basis and, if applicable, the requirements of Regulation AB, proper and accurate books, records and accounts reflecting all of the financial affairs of Borrower and all items of income and expense in connection with the operation of the Property.

  • Borrower has no known contingent liabilities (except to the extent any such contingent liabilities are not required to be disclosed on Borrower's financial statements in accordance with Borrower's Acceptable Accounting Basis).

  • Borrower has no known contingent liabilities (except to the extent any such contingent liabilities are not required to be disclosed on Borrower’s financial statements in accordance with Borrower’s Acceptable Accounting Basis).