Common use of ACCOUNTING RULES Clause in Contracts

ACCOUNTING RULES. Except as otherwise expressly provided, all accounting terms used in this Agreement, whether or not defined in SECTION 1.01, shall be construed in accordance with GAAP. If and so long as any Person has one or more Subsidiaries, such accounting terms shall be determined on a consolidated basis for the Person and each of its Subsidiaries, and the financial statements and other financial information to be furnished by any Person pursuant to this Agreement shall be consolidated and presented in consolidating financial statements in accordance with GAAP.

ACCOUNTING RULES. Except as otherwise expressly provided, all accounting terms used in this Agreement, whether or not defined in SECTION Section 1.01, shall be construed in accordance with GAAP. If and so long as any Person has one or more Subsidiaries, such accounting terms shall be determined on a consolidated basis for the Person and each of its Subsidiaries, and the financial statements and other financial information to be furnished by any Person pursuant to this Agreement shall be consolidated and presented in consolidating financial statements in accordance with GAAP.