Common use of Accounting Practice Clause in Contracts

Accounting Practice. All matters involving accounting practice are to be determined both as to classification of items and amounts in accordance with generally accepted principles of accounting practice consistently applied by the Borrower's accountants in the preparation of its previous annual financial statements.

Appears in 4 contracts

Sources: Line of Credit Agreement (Mikron Instrument Co Inc), Line of Credit Agreement (United Energy Corp /Nv/), Revolver/Term Loan Agreement (Mikron Instrument Co Inc)

Accounting Practice. All matters involving accounting practice are to be determined both as to classification of items and amounts in accordance with generally accepted principles of accounting practice consistently applied by the Borrower's ’s accountants in the preparation of its previous annual financial statements.

Appears in 2 contracts

Sources: Line of Credit Agreement (Technical Communications Corp), Term Loan Agreement (Vivus Inc)