Common use of GAAP Clause in Contracts

GAAP. Compliance with all financial covenants shall be calculated based on generally accepted accounting principles applied on a consistent basis as maintained by Borrower.

Appears in 23 contracts

Sources: Credit Agreement (Omp Inc), Credit Agreement (Tekelec), Credit Agreement (Motorvac Technologies Inc)

GAAP. Compliance with all financial covenants shall be calculated based on generally accepted accounting principles applied on a consistent basis as consistently maintained by Borrower.

Appears in 1 contract

Sources: Credit Agreement (Emarketplace Inc)