Common use of Accounting Terms; Financial Statements Clause in Contracts

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term “sound accounting practice” shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.

Appears in 15 contracts

Sources: Common Stock Purchase Agreement (Gulf United Energy, Inc.), Common Stock Purchase Agreement (Gulf United Energy, Inc.), Common Stock Purchase Agreement (Gulf United Energy, Inc.)

Accounting Terms; Financial Statements. All accounting terms -------------------------------------- used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.

Appears in 11 contracts

Sources: Stock Purchase Agreement (Prime Response Inc/De), Stock Purchase Agreement (Prime Response Group Inc/De), Stock and Warrant Purchase Agreement (Prime Response Inc/De)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP generally accepted accounting principles in the United States applied on a consistent basis except for changes with which such accountants concur. All determinations to which accounting principles apply shall be made in accordance with sound accounting practice.

Appears in 11 contracts

Sources: Securities Purchase Agreement (United Industries Corp), Securities Purchase Agreement (TWP Capital Corp Ii), Securities Purchase Agreement (Paxson Communications Corp)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.

Appears in 7 contracts

Sources: Preferred Stock Purchase Agreement (Proxicom Inc), Stock Purchase Agreement (Priceline Com Inc), Preferred Stock Purchase Agreement (Proxicom Inc)

Accounting Terms; Financial Statements. All accounting terms used -------------------------------------- herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.

Appears in 3 contracts

Sources: Preferred Stock Purchase Agreement (LHS Group Inc), Stock Purchase Agreement (LHS Group Inc), Stock Purchase Agreement (Synapse Group Inc)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP generally accepted accounting principles in the United States applied on a consistent basis except for changes with which such accountants concurbelieve are reasonable. All determinations to which accounting principles apply shall be made in accordance with sound accounting practice.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Booth Creek Ski Holdings Inc), Securities Purchase Agreement (Ski Lifts Inc)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.

Appears in 1 contract

Sources: Stock and Warrant Purchase Agreement (Predictive Systems Inc)

Accounting Terms; Financial Statements. All accounting terms -------------------------------------- used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice, shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP generally accepted accounting principles in the `United States applied on a consistent basis except for changes with which such accountants concur. All determinations to which accounting principles apply shall be made in accordance with sound accounting practice.

Appears in 1 contract

Sources: Securities Purchase Agreement (Gothic Energy Corp)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice, shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP generally accepted accounting principles in the United States applied on a consistent basis except for changes with which such accountants concur. All determinations to which accounting principles apply shall be made in accordance with sound accounting practice.

Appears in 1 contract

Sources: Securities Purchase Agreement (Gothic Energy Corp)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.,

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Proxicom Inc)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants accountant regularly retained by the CompanyBorrower, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.. If any changes in accounting principles are hereafter occasioned

Appears in 1 contract

Sources: Loan Agreement (Fulcrum Direct Inc)

Accounting Terms; Financial Statements. All accounting terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP applied on a consistent basis except for changes with which such accountants concur.. 1.3

Appears in 1 contract

Sources: Convertible Promissory Note Purchase Agreement

Accounting Terms; Financial Statements. All accounting -------------------------------------- terms used herein not expressly defined in this Agreement shall have the respective meanings given to them in accordance with sound accounting practice. The term "sound accounting practice" shall mean such accounting practice as, in the opinion of the independent certified public accountants regularly retained by the Company, conforms at the time to GAAP generally accepted accounting principles in the United States applied on a consistent basis except for changes with which such accountants concur. All determinations to which accounting principles apply shall be made in accordance with sound accounting practice.

Appears in 1 contract

Sources: Securities Purchase Agreement (Petersen Holdings LLC)