Good Accounting Practice

Example Definitions of "Good Accounting Practice"
Good Accounting Practice. Such accounting practice as, in the opinion of independent certified public accountants satisfactory to Lender, conforms at the time to generally accepted accounting principles or, with the express prior written consent of Lender in any applicable case, cash basis of accounting or the federal income tax basis of accounting, consistently applied. Each accounting term not defined in this Note shall have the meaning given to it under Good Accounting Practice
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