Examples of Specified Accounting Policies in a sentence
The Financial Statements present fairly, in all material respects, the financial position, cash flows and operating results of the Business as of the dates thereof and for the periods covered thereby, in accordance with GAAP, in all cases as modified by the Specified Accounting Policies, consistently applied, subject in the case of the Interim Financial Statements to year-end adjustments which are not material in the aggregate.
Subject to amounts reserved therefor on the Interim Statement of Net Assets or as described in the Specified Accounting Policies, the values at which all Inventories are carried on the Interim Statement of Net Assets reflect the historical inventory valuation policy of the Business of stating such Inventories at the lower of cost (as determined on an actual lot basis) or market value.
For the avoidance of doubt, the parties agree that the adjustments contemplated by this Section 2.3 shall not be used to challenge the Specified Accounting Policies used to calculate the Net Working Capital.
The Independent Accounting Firm shall be instructed to render its decision in accordance with the terms hereof, including the Specified Accounting Policies.
The current assets, current liabilities and prepaid rebates of the Company and its Subsidiaries that are included in Net Working Capital shall be calculated in accordance with the Specified Accounting Policies, consistently applied, and in accordance with thecalculation of the sample statement of Net Working Capital set forth in Section 10.2(a)(xxx) of the Disclosure Schedule.