Common use of Rules of Construction and Definitions Clause in Contracts

Rules of Construction and Definitions. SECTION 1.1 For the purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: All accounting terms not otherwise defined herein have the meanings assigned to them, and all computations herein provided or shall be made, in accordance with generally accepted accounting principles applied on a consistent basis. All references herein to "generally accepted accounting principles" refer to such principles as they exist at the date of application thereof; provided, however, that if any change in generally accepted accounting principles after the Closing Date could, in the reasonable judgment of the Lender, affect adversely the interests of the Lender in the interpretation or calculation of the financial covenants or other provisions of this Agreement or the other Loan Documents, such change shall not be effective for purposes of this Agreement or the other Loan Documents unless and until the provisions of this Agreement and the other Loan Documents that could be adversely affected by such change have been amended by the mutual agreement of the Borrower and the Lender so as to insure that the interests of the Lender will not be adversely affected by such change. All references in this Agreement to designated "Articles", "Sections" and other subdivisions or to lettered Exhibits or numbered Schedules are to the designated Articles, Sections and other subdivisions hereof and the lettered Exhibits and numbered Schedules annexed hereto unless the context otherwise clearly indicates. All Article, Section, other subdivision and Exhibit captions herein are used for reference only and in no way limit or describe the scope or intent of, or in any way affect, this Agreement.