GAAP Exceptions definition

GAAP Exceptions means the exceptions described on Schedule 3.9(a).
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GAAP Exceptions means the following: (A) no accounting for income taxes; (B) no accounting for Parent’s Employee Stock Purchase Plan; and (C) not all purchase accounting entries related to Parent’s purchase of Seller have been pushed down to the Network Business.
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GAAP Exceptions means typical year-end adjustments and a lack of footnotes otherwise required by GAAP.
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Examples of GAAP Exceptions in a sentence

  • The Borrower shall keep proper books of record and account in which full and true entries will be made of all dealings or transactions of or in relation to the business and affairs of the Borrower, in accordance with GAAP (subject, however, to the GAAP Exceptions), consistently applied.

  • The Closing Date Balance Sheet shall present fairly, on a good faith basis, the estimated financial position of the Network Business as of the Closing Date, subject to the GAAP Exceptions and the Closing Date Balance Sheet Exceptions.

  • The Borrower shall keep proper books of record and account in which full and true entries will be made of all dealings or transactions of or in relation to the business and affairs of the Borrower, in accordance with GAAP, (subject, however, to the GAAP Exceptions), consistently applied.

  • Borrower shall keep proper books of record and account in which full and true entries will be made of all dealings or transactions of or in relation to the business and affairs of Borrower, in accordance with GAAP (subject, however, to the GAAP Exceptions), consistently applied.

  • The Borrower shall keep proper DM3\2429630.8 books of record and account in which full and true entries will be made of all dealings or transactions of or in relation to the business and affairs of the Borrower, in accordance with GAAP (subject, however, to the GAAP Exceptions), consistently applied.


More Definitions of GAAP Exceptions

GAAP Exceptions means the following: (a) no accounting for income taxes; (b) no accounting for Parent’s Employee Stock Purchase Plan; (c) not all purchase accounting entries related to Parent’s purchase of Gemstar TV Guide International, Inc. have been pushed down to the Business; and (d) not all inter-company allocations have been recorded.
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GAAP Exceptions means (i) such departures from GAAP as are listed in Note 1 to the December 31, 1996 Financial Statements (ii) deferred taxes and any liability for Taxes payable by Seller pursuant to this Agreement shall be eliminated, and (iii) no liability shall be recorded to reflect any acceleration made under Section 5.8 of that certain Acquisition Agreement dated July 31, 1996 between FCE Ltd. and Enterra Patco Oilfield Products Limited or under Section 5.8 of that certain Acquisition Agreement dated July 31, 1996, between FCE and Enterra Patco Oilfield Products, Inc.
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GAAP Exceptions has the meaning ascribed thereto in Section 2.04(a).
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GAAP Exceptions the exceptions to GAAP and/or the accounting principles and methods of Sellers and Foreign Subsidiary which modify or interpret GAAP, all as set forth on Exhibit 3.4.
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GAAP Exceptions shall have the meaning set forth in Section 3.14(b). US-DOCS\102662145.20
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GAAP Exceptions means, with respect to any Borrower, (i) the failure by such Borrower to restate its balance sheet tax contingency reserves and income statement tax provisions for its Fiscal Years 2000-2004, and the related financial statement adjustments, and (ii) the failure by such Borrower to shift its basis of accounting from a going concern basis to a liquidation basis for any Fiscal Year, in each case, as more particularly described in the letter from Borrowers to Administrative Agent dated March 4, 2005.
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GAAP Exceptions means (a) any exceptions to GAAP compliance specifically set forth in the Financial Statements or the notes thereto, (b) the determination by the Company not to adopt and implement FASB ASC 842 regarding lease arrangements in the reviewed consolidated balance sheet of the Company as of December 31, 2023 and the related reviewed consolidated statements of income, shareholder’s equity and cash flows for the fiscal year then ended and (c) the determination by the Company not to adopt or implement FASB ASC 326 regarding credit losses for financial assets in the reviewed consolidated balance sheet of the Company as of December 31, 2023 and the related reviewed consolidated statements of income, shareholder’s equity and cash flows for the fiscal year then ended.
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