Material Accounting Change. Any change in GAAP applicable to accounting periods subsequent to the Borrowers' fiscal year most recently completed prior to the execution of this Agreement, if such change has a material effect on the Borrowers' financial condition or operating results, as reflected on financial statements and reports prepared by or for the Borrowers, when compared with such condition or results as if such change had not taken place, or where preparation of the Borrowers' statements and reports in compliance with such change results in the breach of a financial performance covenant imposed pursuant to Section 5.12, where such a breach would not have occurred if such change had not taken place or visa versa.
Material Accounting Change. Any change in GAAP applicable to accounting periods subsequent to the Loan Parties’ Fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Loan Parties’ Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Loan Parties, when compared with such condition or results as if such change had not taken place or where preparation of the Loan Parties’ statements and reports in compliance with such change.
Material Accounting Change means any change in GAAP applicable to accounting periods subsequent to the Parent's fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Parent's Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Parent and its Subsidiaries, when compared with such condition or results as if such change had not taken place.
Examples of Material Accounting Change in a sentence
Each Debtor shall observe and comply with the following financial performance covenants, which compliance shall be determined as if no Material Accounting Change had occurred (other than any Material Accounting Change specifically taken into account in the setting of such covenants).
Any Material Accounting Change shall be implemented prospectively only.[24]18.
Additionally, a Material Accounting Change shall also include any: (i) initial implementation of an accounting standard; or (ii) initial implementation of accounting practices for unusual or unconventional items where the Commission has not provided specific accounting direction.
No later than September 30 of each year, any Interested Party may notify Green Mountain in writing of any specific challenges to any component of the Annual True-Up for the preceding Service Year, including any Material Accounting Change that affects the Annual True-Up (“Informal Challenge”).
PPL Electric is also correcting its prior treatment of federal and state income tax-related prepayments for its 2009 through 2013 Rate Years.9 The Reconciliation Revenue Requirement amount in Step 8 of Attachment 6 has been reduced by $2,624,070 to reflect this Material Accounting Change.
More Definitions of Material Accounting Change
Material Accounting Change. Any change in GAAP applicable to accounting periods subsequent to the Borrowers' fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Borrowers' Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Borrowers, when compared with such condition or results as if such change had not taken place or where preparation of the Borrowers' statements and reports in compliance with such change results in the breach of a financial performance covenant imposed pursuant to Section 6:6-11 where such a breach would not have occurred if such change had not taken place or visa versa.
Material Accounting Change means any (i) change in PPL Electric’s accounting policies and practices (as such changes are defined by the Statement of Financial Accounting Standards No. 154 issued by the Financial Accounting Standards Board or its successor), or (ii) change in PPL Electric’s inter-corporate cost allocation policies or practices from those policies and/or practices in effect for the Rate Year upon which the immediately preceding Annual Update was based, which change causes a result under the Formula Rate different than the result under the Formula Rate as calculated without such change.
Material Accounting Change means any change in GAAP applicable to accounting periods subsequent to the Borrowers' fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Borrowers' Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Borrowers, when compared with such condition or results as if such change had not taken place.
Material Accounting Change. Other than with respect to changes specifically relating to the Borrower's change from and after December 31, 1999 to the retail method of accounting, any change in GAAP applicable to accounting periods subsequent to the Borrower's fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Borrower's financial condition or operating results, as reflected on financial statements and reports prepared by or for the Borrower, 18 when compared with such condition or results as if such change had not taken place or where preparation of the Borrower's statements and reports in compliance with such change results in the breach of a financial performance covenant imposed pursuant to Section 5.11 where such a breach would not have occurred if such change had not taken place or visa versa.
Material Accounting Change. Any change in GAAP applicable to accounting periods subsequent to the Loan Parties' Fiscal year most recently completed prior to the execution of this Agreement, which change has a material effect on the Loan Parties' Consolidated financial condition or operating results, as reflected on financial statements and reports prepared by or for the Loan Parties, when compared with such condition or results as if such change had not taken place or where preparation of the Loan Parties' statements and reports in compliance with such change results in the breach of a financial performance covenant imposed pursuant to Section 6.11 where such a breach would not have occurred if such change had not taken place or VISA VERSA. "MATURITY DATE": May 14, 2005. MINIMUM EXCESS AVAILABILITY BREACH: The failure of the Borrowers at any time to comply with the provisions of Section 6.11(a).
Material Accounting Change. Any change in GAAP applicable to accounting periods subsequent to Parent’s Fiscal Year most recently completed prior to the execution of this Agreement, if such change has a material effect on the Borrower Group’s financial condition or operating results, taken as a whole, as reflected on financial statements and reports prepared by or for the Borrower Group, when compared with such condition or results as if such change had not taken place, or where preparation of the Borrower Group’s statements and reports in compliance with such change results in the breach of a Availability covenant imposed pursuant to Section 6.12, where such a breach would not have occurred if such change had not taken place.
Material Accounting Change means a material change in LG&E/KU’s accounting policies and practices (as such are defined by the Accounting Standards Codification Topic 250,