Mexico GAAP definition

Mexico GAAP means generally accepted accounting principles in Mexico.
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Mexico GAAP means the generally accepted accounting principle sin Mexico.
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Mexico GAAP means the Mexican financial information norms known as Normas de Información Financiera (NIFs), as in effect from time to time, consistently applied.
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Examples of Mexico GAAP in a sentence

  • Except as otherwise provided in this Agreement, all computations and determinations as to financial matters, and all financial statements to be delivered under this Agreement shall be made or prepared in accordance with Mexico GAAP (including principles of consolidation where appropriate) applied on a consistent basis (except to the extent approved or required by the independent public accountants certifying such statements and disclosed therein).

  • The records shall include monthly unaudited financial reports (including an income statement, balance sheet and statement of cash flows) prepared in accordance with US GAAP and Mexico GAAP by or under the supervision of the Company's chief financial officer, which shall be furnished to each of the Members.

  • Each of the Borrower and the Pledgors shall (a) maintain reasonably adequate management information and cost control systems, and (b) maintain a system of accounting in which full and correct entries shall be made of all of its financial transactions and assets and business in accordance with Mexico GAAP.

  • The audit shall be in accordance with US GAAP and Mexico GAAP applied on a consistent basis.

  • The Members shall cause the Company to keep, in addition to any books and accounts required under the Code, books and records in accordance with US GAAP and Mexico GAAP applied on a consistent basis.

  • For purposes of calculating the Closing Date Working Capital, the term "Working Capital" shall be determined using the line items (excluding Vitro Chemical Receivables (as hereinafter defined)) used for the Reference Working Capital set forth in Schedule 2.3(b)(i) and shall be calculated in accordance with generally accepted accounting principles in Mexico ("GAAP") consistent with past practice, except as set forth in Schedule 2.3(b)(i) (as so adjusted, the "Working Capital Principles").