Agreed Accounting Principles definition

Agreed Accounting Principles means GAAP; provided, however, that, with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles consistently applied in the preparation of the Latest Audited Company Balance Sheet; provided, further, that, for purposes of the Agreed Accounting Principles, no known adjustments for items or matters, regardless of the amount thereof, shall be deemed to be immaterial.

Agreed Accounting Principles means generally accepted accounting principles in the United States, consistently applied; provided that with respect to any matter as to which there is more than one generally accepted accounting principle, Agreed Accounting Principles means the generally accepted accounting principles applied in the preparation of the Audited Financial Statements.

Agreed Accounting Principles means the generally accepted accounting principles used in the preparation of the Balance Sheet.

Examples of Agreed Accounting Principles in a sentence

• The Financial Statements account for and reflect all Assumed Liabilities that are required to be accounted for or reflected on such Financial Statements applying the Agreed Accounting Principles.

• The Closing Balance Sheet (i) will not account for or reflect in any manner any assets that do not constitute Assets and (ii) will account for and reflect all Assumed Liabilities that are required to be accounted for or reflected on such Closing Balance Sheet applying the Agreed Accounting Principles.

• The Financial Statements fairly present in all material respects the financial condition and results of operations of the Business as of and for the seven month period ended on the balance sheet date, in accordance with the Agreed Accounting Principles.

• The Proposed Final Settlement Statement shall be prepared in good faith and in accordance with the Agreed Accounting Principles.

• The Parties agree that the purpose of the adjustment contemplated by this Section 2.5 is to measure the amount of Net Working Capital as of 12:01 a.m. Eastern Time on the Closing Date using the Agreed Accounting Principles and the Example Net Working Capital Statement and taking into account the definition of that term herein (and any other defined terms incorporated therein).

More Definitions of Agreed Accounting Principles

Agreed Accounting Principles means (a) the accounting principles, policies, procedures and methodologies described on Schedule 1.1(a) and (b) to the extent not inconsistent with clause (a), the accounting principles, policies, procedures and methodologies used in the preparation of the Historical Financial Statements.

Agreed Accounting Principles means the accounting principles, policies, treatments, categorizations, practices, methods, bases and estimates set forth on Exhibit D.

Agreed Accounting Principles means GAAP using the same accounting methods, policies, practices, procedures, classifications, judgments or estimation methodologies used in the Latest Balance Sheet.

Agreed Accounting Principles means GAAP, as modified by the matters set forth on the attached Accounting Principles Schedule. For further clarification, if alternative methodologies exist for calculating asset and liability balances under GAAP, the methodology employed will be based on the Audited Financial Statements as modified by the Accounting Principles Schedule.

Agreed Accounting Principles means GAAP, as used in the preparation of the Balance Sheet, applied on a consistent basis.

Agreed Accounting Principles means, first, (a) the same accounting methods, policies, practices and procedures, with consistent classifications, and estimation methodologies as were used in the preparation of the Audited Financial Statements, including each “Adjustment” set forth in the Working Capital Schedule and the other notes contained therein, and then, (b) GAAP.

Agreed Accounting Principles means GAAP, subject to the accounting methods, policies, principles, practices and procedures set forth in Exhibit A hereto, using the same accounting methods, policies, principles, practices and procedures, as were used in the preparation of the most recent select balance sheet accounts of the Company; provided that in the event of a conflict between GAAP, on the one hand, and the accounting methods, policies, principles, practices, procedures, classifications, judgments and estimation methodology used in the preparation of the most recent balance sheet of the Company, on the other hand, the terms of Exhibit A and the accounting methods, policies, principles, practices, procedures, classifications, judgments and estimation methodology used in the preparation of the most recent balance sheet of the Company shall apply.