Standard Accounting Practices definition

Standard Accounting Practices means, with respect to an entity, the standard internal accounting practices, policies and procedures, all in accordance with generally accepted accounting principles, applied on a consistent basis for such entity and its Affiliates.
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Standard Accounting Practices means generally accepted accounting principles, consistently applied by the Target in accordance with the historical practices of the Target prior to the Closing. Certain of Target's Standard Accounting Practices are set forth in Schedule 3.3(6! hereto; this Schedule is not intended to be all-inclusive.
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Examples of Standard Accounting Practices in a sentence

  • Without limiting the generality of the immediately preceding sentence, the Reinsurer shall, in conformity with all applicable laws and regulations governing the Reinsurer, take any and all commercially reasonable steps within its control so that the Ceding Company may take full credit in its Standard Accounting Practices financial statements for the business ceded under this Agreement.

  • Except as set forth in Section 2.27(b) of the Disclosure Schedule, the write-offs for doubtful accounts reflected on the various Financial Statements were or will be, as the case may be, determined in accordance with the Company's Standard Accounting Practices and past practice consistently applied and adequately provide for all uncollectible receivables.

  • Limited Right of Exchange; Standard Accounting Practices; Dispute Resolution, etc.

  • The Post-Closing Audit shall be conducted in accordance with Target's Standard Accounting Practices as that term is defined in Section 3.3(6) below.

  • Target's unaudited balance sheets as of December 31, 1993, 1994 and 1995, and the related statements of income and retained earnings for the years then ended, copies of which are attached hereto as Exhibit 5.5 and incorporated herein by this reference ("Target Financial Statements"), fairly present the financial condition of Target as of said dates and the results of its operations for the periods then ended, in conformity with Standard Accounting Practices.

  • Except to the extent reflected or reserved against in Target's balance sheet as of December 3 l, 1995, Target did not have at that date any material liabilities or obligations (secured, unsecured, contingent, or otherwise) of a nature customarily reflected in a corporate balance sheet prepared in accordance with Standard Accounting Practices.

  • The Financial Statements are true, complete and correct, were prepared in accordance with the Company's Standard Accounting Practices, subject to normal recurring year-end audit adjustments with respect to the Interim Financial Statements.