102 Accounting Terms and Determinations

Example Definitions of "102 Accounting Terms and Determinations"
102 Accounting Terms and Determinations. Except as otherwise provided in this Agreement, all computations and determinations as to accounting or financial matters (including Financial Maintenance Covenants and other financial covenants) shall be made in accordance with GAAP consistently applied for all applicable periods, and all accounting or financial terms shall have the meanings ascribed to such terms by GAAP; provided, however, that, if Borrower notifies the Lead Arranger and the Administrative Agent that Borrower wishes to amend... any covenant in Section 9, to eliminate the effect of any change in GAAP (as to which Borrower shall give notice of such change to the Lead Arranger and the Lenders within a reasonable time after such change) on the operation of such covenant (or if the Lead Arranger and the Administrative Agent notify Borrower that the Majority Lenders wish to amend any such covenant for such purpose), then Borrower's compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to Borrower and the Majority Lenders. All financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP. View More Arrow
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