gaap

gaap. Means generally accepted accounting principles applicable to financial institutions.

gaap. The generally accepted accounting principles in the United States of America which are applicable on the date hereof.

gaap. Means accounting principles generally accepted in the United States of America which are (a) consistent with the principles promulgated or adopted by the Financial Accounting – 3 – Standards Board and its predecessors, in effect from time to time and (b) applied on a basis consistent with prior periods.

gaap. Means generally accepted accounting principles as consistently applied by the Company.

gaap. Means the generally accepted accounting principles set forth in pronouncements of the Financial Accounting Standards Board, the American Institute of Certified Public Accountants, as such principles are from time to time supplemented and amended.

gaap. Means generally accepted accounting principles as in effect as of May 1, 2013 on the date of any calculation or determination required under this Agreement. Notwithstanding the foregoing, at any time, (i) the Borrower may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references herein to GAAP or parts of the Accounting Standards Codification or "ASC" shall thereafter be construed to mean IFRS (except as otherwise provided in this Agreement) and (ii) the... Borrower, on any date, may elect to establish that GAAP shall mean GAAP as in effect on such date; provided, that any such election, once made, shall be irrevocable; provided, further, that any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters ended prior to the Borrower's election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Borrower shall give notice of any such election made in accordance with this definition to the Administrative Agent. View More

gaap. Means United States generally accepted accounting principles, the accounting principles and auditing standards so described and promulgated by the American Institute of Certified Public Accountants which are applicable as at the date on which any calculation or audit, as applicable, made hereunder is to be effective or as at the date of any financial statements or audit opinion referred to herein, as the case may be, consistently applied in accordance with past practices.

gaap. Means generally accepted accounting principals as in effect from time to time in the United States of America, applied on a consistent basis over the time period in question as to classification of items and amounts.

gaap. Means generally accepted accounting principles in effect in the United States from time to time, applied consistently from year to year.

gaap. Means those generally accepted accounting principles and practices which are recognized as such by the American Institute of Certified Public Accountants acting through its Accounting Principles Board or by the Financial Accounting Standards Board or through other appropriate boards or committees thereof and which are consistently applied for all periods after the date hereof so as to properly reflect the financial conditions, and the results of operations and cash flows, except that any... accounting principle or practice required to be changed by the Accounting Principles Board or Financial Accounting Standards Board (or other appropriate board or committee of such boards) in order to continue as a generally accepted accounting principle or practice may so be changed. In the event of a change in GAAP, this Agreement, to the extent GAAP applies, shall continue to be construed in accordance with GAAP as in existence on the date hereof; provided, however, Buyer and Seller will thereafter negotiate in good faith to revise any affected covenants to make such covenants consistent with GAAP as then in effect, and, after any such revision, this Agreement will be construed in accordance with GAAP as then in effect. View More