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This excerpt taken from the FL 8-K filed May 21, 2008. . Accounting Terms and Determinations.
Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all accounting determinations
hereunder shall be made, and all financial statements required to be delivered
hereunder shall be prepared, in accordance with generally accepted accounting
principles as in effect from time to time, applied on a basis consistent (except
for changes concurred in by the Company’s independent public accountants)
with the most recent audited consolidated financial statements of the Company
and its Consolidated Subsidiaries delivered to the Banks; provided
that if the Company notifies the Administrative Agent that the Company wishes
to amend any provision hereof to eliminate the effect of any change in generally
accepted accounting principles on the operation of such provision (or if the
Administrative Agent notifies the Company that the Required Banks wish to amend
any provision hereof for such purpose), then such provision shall be applied
on the basis of generally accepted accounting principles in effect immediately
before the relevant change in generally accepted accounting principles became
effective, until either such notice is withdrawn or such provision is amended
in a manner satisfactory to the Company and the Required Banks.
Section 1.03 |
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