Accounting Principles Consistently Applied definition

Accounting Principles Consistently Applied means GAAP (A) subject to the same exceptions and using the same accounting methods, policies, practices, and procedures, with consistent classification, judgments, and estimation methodology, as were used in preparing the Financial Statements and (B) not taking into account any changes in circumstances or events occurring after the Closing.

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Accounting Principles Consistently Applied means GAAP, with such adjustments thereto or deviations therefrom consistently applied in the preparation of the sample calculations set forth on Exhibit A.

Accounting Principles Consistently Applied means GAAP (i) subject to the same exceptions and using the same accounting methods, policies, practices, and procedures, with consistent classification, judgments, and estimation methodology, as were used in preparing the Year-End Financial Statements and (ii) not taking into account any changes in circumstances or events occurring after the Closing. In the event of a conflict between GAAP and the accounting methods, policies, practices, procedures and methodologies used in preparing the Year-End Financial Statements, Accounting Principles Consistently Applied shall be interpreted to require the application of GAAP.

Examples of Accounting Principles Consistently Applied in a sentence

In resolving any disputed item, the Arbiter shall be bound by the Accounting Principles Consistently Applied, the definitions of Annualized Company Revenue and Company Revenue and the resulting Earn-Out Consideration and the other requirements of the provisions of this Exhibit A, and shall not assign a value to any item greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party.
In resolving any disputed item, the Arbiter shall be bound by the Accounting Principles Consistently Applied, the definitions of Closing Working Capital and the Closing Consideration and the other requirements of this Section 1.3 (and related definitions) and shall not assign a value to any item greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party.
The Closing Statement shall be calculated in accordance with the Accounting Principles Consistently Applied and the other requirements of this Section 1.3 (and related definitions), and shall include reasonable supporting documentation.
The Accounts (i) give in all material respects a true and fair view of the financial position of the Business as at the Accounts Date, and (ii) were prepared in accordance with the Accounting Principles Consistently Applied.
All statements shall be prepared in accordance with Generally Accepted Accounting Principles Consistently Applied and carry the unqualified opinion of such accounting firm.
All statements shall be in reasonable detail, subject to year end adjustments and certified by the Chief Financial Officer of the Company to have been prepared in accordance with Generally Accepted Accounting Principles Consistently Applied by the Company during the period covering the quarterly financial statement.
Promptly after the Closing Time, the Purchaser shall prepare, at the Purchaser's expense and in accordance with Accounting Principles Consistently Applied, a balance sheet of the Corporation as at 12:01 a.m. on the Closing Date (the "Closing Balance Sheet") and a calculation of Closing Working Capital and Long Term Liabilities at that time.
The Government shall exert its best efforts to make the most effective use of assistance provided by the UNDP and shall use such assistance for the purpose for which it is intended.
The Estimated Closing Date Net Working Capital, Estimated Closing Date Indebtedness, the Estimated Closing Date Cash and Cash Equivalents, the Estimated Transaction Expenses and the Estimated Purchase Price shall collectively be referred to herein from time to time as the “Estimated Closing Date Calculations.” The Estimated Closing Date Calculations shall be calculated in good faith in accordance with the Accounting Principles Consistently Applied and this Agreement, including Schedule A-1 and A-2.
In resolving any disputed item, the Accounting Firm shall be bound by the Accounting Principles Consistently Applied, the applicable definitions set forth in this Agreement and the other requirements of this Section 2.3 and shall not assign a value to any item greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party.

More Definitions of Accounting Principles Consistently Applied

Accounting Principles Consistently Applied means the generally accepted accounting principles used in preparing the financial statements of the Corporation as of and for the year ended December 31, 2004 (A) using the same accounting methods, policies, practices and procedures, with consistent classification, judgments, and estimation methodology, as were used in preparing the financial statements as of and for the year ended December 31, 2004 and (B) not taking into account any changes in circumstances or events occurring after 12:01 a.m. on the Closing Date.

Accounting Principles Consistently Applied means GAAP, consistently applied, (a) subject to the same exceptions and using the same accounting methods, policies, practices and procedures (including consistent classification, judgments and estimation methodologies) as were used in preparing the Historical Audited Financial Statements, subject to the limitations on the presentation of the Interim Company Financial Statements as of and for the two months ended February 28, 2022 (inclusive of the Interim Company Balance Sheet), as outlined in Section 3.04(a) and (b) not taking into account any changes in circumstances or events occurring after the date of the Company Financial Statements (i.e., the respective balance sheet dates) that did not require recognition under GAAP subsequent event requirements.

Accounting Principles Consistently Applied means GAAP, with such adjustments thereto or deviations therefrom consistently applied in the preparation of the unaudited consolidated balance sheet of EPIC and the Company Subsidiaries as of June 30, 2025.

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