Common use of Accounting Terms and Calculations Clause in Contracts

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 3 contracts

Sources: Credit Agreement (Merrill Corp), Credit Agreement (Dain Rauscher Corp), Credit Agreement (Dain Rauscher Corp)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to on a consolidated basis for the Borrower and its consolidated Subsidiaries as used in accordance with GAAPthe preparations of the Borrower's audited financial statements described in SECTION 7.5(a).

Appears in 1 contract

Sources: Credit Agreement (Rehabilicare Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES Articles VII and VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Original Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Loan and Security Agreement (Sunrise Resources Inc\mn)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES Articles VIII and IX hereof) shall be made ------------- -- in accordance with GAAP consistently appliedas in effect on the date of application thereof. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries Subsidiaries, as applicable, in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Stancorp Financial Group Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII Article V and IX Article VI hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower Borrowers and its Subsidiaries their Affiliates in accordance with GAAP.

Appears in 1 contract

Sources: Bridge Loan Agreement (Granite City Food & Brewery LTD)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES Articles VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to on a consolidated basis for the Borrower and its consolidated Subsidiaries as used in accordance with GAAPthe preparations of the Borrower’s audited financial statements described in Section 7.5(a).

Appears in 1 contract

Sources: Credit Agreement (Compex Technologies Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "'consolidated" ' financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit Facility (Osmonics Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein or in any certificate or other document made or delivered pursuant hereto shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII Articles V and IX hereofVI) shall be made in accordance with GAAP consistently applied, using a first in first out method of Inventory valuation. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its the Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit and Security Agreement (Premiumwear Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES Articles VIII and IX hereof) shall be made in accordance with GAAP consistently appliedas in effect on the date of application thereof. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries Subsidiaries, as applicable, in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Stancorp Financial Group Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII Articles V and IX VI hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Datron Systems Inc/De)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, including determination of compliance with financial ratios and restrictions in ARTICLES Articles VIII and IX hereofIX) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Term Loan Agreement (Otter Tail Corp)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein or in any certificate or other document made or delivered pursuant hereto shall be interpreted and all accounting determinations determination hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII V and IX hereofVI) shall be made in accordance with GAAP consistently applied, using a first in first out method of Inventory valuation. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit and Security Agreement (Cryenco Sciences Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII Article 5 and IX Article 6 hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" ”, “consolidating” and/or “combined” financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its respective Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Surmodics Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES Articles VII and VIII and IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Otter Tail Corp)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII Article 5 and IX Article 6 hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" ,” “consolidating” and/or “combined” financial terms shall be deemed to refer to those financial terms as applied to the Borrower and its Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Credit Agreement (Proto Labs Inc)

Accounting Terms and Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder (including, without limitation, determination of compliance with financial ratios and restrictions in ARTICLES VIII and Article IX hereof) shall be made in accordance with GAAP consistently applied. Any reference to "consolidated" financial terms shall be deemed to refer to those financial terms as applied to the Borrower Sellers and its the Subsidiaries in accordance with GAAP.

Appears in 1 contract

Sources: Master Repurchase Agreement (Guild Holdings Co)