Change in Accounting Principles definition

Change in Accounting Principles refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or any successor thereto, the SEC or, if applicable, the Public Company Accounting Oversight Board.
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Change in Accounting Principles means the Borrower’s written notice to the ‎Administrative Agent that the accounting policies and reporting practices of Parent and its Subsidiaries will be conducted in accordance with GAAP instead of IFRS and that such change is permitted by Applicable Law.‎
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Change in Accounting Principles means any rule, regulation, request, guideline or directive or any change therein or in the interpretation or application thereof (whether or not having the force of law), in each case, adopted, issued or occurring after December 10, 2002 by any accounting board or authority (whether or not part of government) which is responsible for the establishment or interpretation of national or international accounting principles, whether foreign or domestic (each an "Accounting Board"), charged with the administration, interpretation or application thereof, or the compliance with any request or directive of any Accounting Board (whether or not having the force of law) made, issued or occurring after December 10,2002.
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Examples of Change in Accounting Principles in a sentence

  • From and after the occurrence of a Change in Accounting Principles, all references to “IFRS” in this Agreement shall be construed as references to “GAAP” as the context may require.

  • Financial statements and other information required to be delivered by Borrower to Lenders pursuant to Section 5.1(a) (Quarterly Financial Statements) and 5.1(b) (Annual Financial Statements) shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(d) (Statements of Reconciliation after Change in Accounting Principles)).

  • Utilization of GAAP for Purposes of Calculations Under Agreement; Change in Accounting Principles.

  • With respect to any calculation of EBITDA for purposes of determining the contingent deferred compensation described above, except as expressly provided in this Agreement, no Change in Accounting Principles will be made from those utilized in preparing the Financial Statements, unless such a change is required to conform to GAAP.

  • DEFINITIONS; INTERPRETATION 26 Section 5.1. Definitions 26 Section 5.2. Interpretation 54 Section 5.3. Change in Accounting Principles 55 SECTION 6.

  • Change in Accounting Principles, Fiscal Year or Tax Laws............

  • Amendments to Section 10.17 (Change in Accounting Principles or Tax Laws).

  • Definitions; Interpretation 22 Section 5.1. Definitions 22 Section 5.2. Interpretation 50 Section 5.3. Change in Accounting Principles 51 Section 6.

  • Utilization of GAAP for Purposes of Calulations Under Agreement; Change in Accounting Principles.

  • Definitions; interpretation 23 Section 5.1. Definitions 23 Section 5.2. Interpretation 5255 Section 5.3. Change in Accounting Principles 5355 Section 6.


More Definitions of Change in Accounting Principles

Change in Accounting Principles means a transition from financial reporting by the Issuer from IFRS to GAAP.
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Related to Change in Accounting Principles

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Generally Accepted Accounting Principles or "GAAP" means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.