Accounting Requirements definition

Accounting Requirements means compliance with U.S. Generally Accepted Accounting Principles (GAAP) acceptable to RUS, as well as compliance with the requirements of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 C.F.R. 200 and the system of accounting prescribed by RUS Bulletin 1770B-1.

Accounting Requirements means any system of accounts prescribed by a federal regulatory authority having jurisdiction over the Member or, in the absence thereof, the requirements of GAAP applicable to businesses similar to that of the Member.

Accounting Requirements shall have the meaning given such term in the Indenture.

Examples of Accounting Requirements in a sentence

• The Mortgagor will keep proper books, records and accounts, in which full and correct entries shall be made of all deal- ings or transactions of or in relation to the Notes and the Utility Systems, properties, business and affairs of the Mortgagor in ac- cordance with the Accounting Requirements.

• Unless otherwise specifically provided, all accounting terms not otherwise defined herein shall have the meanings assigned to them, and all determinations and computations herein provided for shall be made in accordance with Accounting Requirements.

• In addition, determine compliance with the Minimum Accounting Requirements.

• Reports are due to the Park Manager no later than the date indicated in the Minimum Accounting Requirements paragraph found in the Agreement.

• OVERALL OBJECTIVES AND TIME PERIOD Objective: To determine the accuracy of the gross sales reported to the Department of Environmental Protection (DEP) for the audit period and compliance with the Minimum Accounting Requirements included in the Agreement.

More Definitions of Accounting Requirements

Accounting Requirements means the accounting requirements of the Companies Act, SSAPs, FRSs, abstracts of the Urgent Issues Task Force, any other requirement of a United Kingdom accounting body having mandatory effect, and other generally accepted accounting principles and practices in the United Kingdom;

Accounting Requirements means the requirements of any system of accounts prescribed by a regulatory authority having jurisdiction over the Company or, in the absence thereof, the requirements of generally accepted accounting principles applicable to similar Persons conducting businesses similar to that of the Company. Generally accepted accounting principles refers to a common set of accounting standards and procedures that are either promulgated by an authoritative accounting rulemaking body or accepted as appropriate due to widespread application in the United States.

Accounting Requirements means the requirements of any system of accounts prescribed by the RUS as long as the Government is the holder, insurer or guarantor of any indebtedness of the Purchaser or, in the absence thereof, the requirements of generally accepted accounting principles applicable from time to time to companies similar to the Purchaser.

Accounting Requirements means the system of accounting prescribed by RUS in RUS Regulations.

Accounting Requirements refer to such requirements as are in use in the United States at the time of the determination of any computation required or permitted hereunder, or, at the option of the Company, such requirements in use on the date of this Indenture.

Accounting Requirements means the requirements of the system of accounts prescribed by any regulatory authority having jurisdiction over the Company or, in the absence thereof, the requirements of generally accepted accounting principles applicable to similar entities conducting business similar to that of the Company. Generally accepted accounting principles refers to a common set of accounting standards and procedures that are either promulgated by an authoritative accounting rulemaking body or accepted as appropriate due to wide-spread application in the United States.

Accounting Requirements has the meaning specified in the Indenture; provided that references to the “Company” shall be deemed to be references to the Borrower.