Common use of Accounting and Reporting Changes Clause in Contracts

Accounting and Reporting Changes. No (i) Credit Party or any Subsidiary (other than any Regulated Subsidiary) may make any significant change in accounting treatment or reporting practices, except as required by GAAP or the SEC and (ii) Regulated Subsidiary may make any significant change in accounting treatment or reporting practices, except as required by statutory accounting principles.

Appears in 3 contracts

Samples: Credit Agreement (Heritage Insurance Holdings, Inc.), Credit Agreement (Heritage Insurance Holdings, Inc.), Credit Agreement (Heritage Insurance Holdings, Inc.)

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Accounting and Reporting Changes. No (ia) With respect to any Credit Party or any Subsidiary (other than any Regulated Subsidiary) may ), make any significant change in accounting treatment or reporting practices, except as required by GAAP or the SEC and SEC; or (iib) with respect to any Regulated Subsidiary may Subsidiary, make any significant change in accounting treatment or reporting practices, except as required by statutory accounting principles.

Appears in 2 contracts

Samples: Credit Agreement (Citizens, Inc.), Credit Agreement (Citizens, Inc.)

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