Accounting; Fiscal Year. The Company shall use the accrual method of accounting in preparing its financial reports and for tax purposes and shall keep its books and records accordingly. The Board of Managers may, without any further consent of the Members (except as specifically required by the Code), apply for IRS consent to, and otherwise effect a change in, the Company’s Fiscal Year.
Accounting; Fiscal Year. The Borrower will not, and will not permit any of its Subsidiaries to, make any significant change in accounting treatment or reporting practices, except as permitted by GAAP, and will not change its fiscal year-end to a date other than December 31.
Accounting; Fiscal Year. Neither Holdings nor the Borrower shall, nor shall they permit any Restricted Subsidiary of the Borrower to, change its (a) accounting treatment and reporting practices or tax reporting treatment, except as required by GAAP or any Requirement of Law and disclosed to the ABL Administrative Agent and provided that any such changes are reconciled against the accounting treatment and reporting practices or tax reporting treatment used by such entity at the date of this Agreement or (b) fiscal year.
Accounting; Fiscal Year. The Domestic Borrower will not change the accounting policies of the Domestic Borrower or any Subsidiary in any way that could have a material effect on the presentation of financial reports, or change the fiscal year of the Domestic Borrower or any Subsidiary from that in effect on the Effective Date except that the Domestic Borrower may change its fiscal year once if (i) in connection with such change the Domestic Borrower provides the Administrative Agent, each Lender, and the Issuing Bank with restated financial statements and compliance certificates (including reasonably detailed computations showing compliance with the financial covenants contained in Section 6.10) all in form, scope and substance acceptable to the Administrative Agent, in its sole discretion, which restated financial statements shall present information as if such change in fiscal year had been made one calendar year earlier, and (ii) no Default exists or would exist after giving effect to such change and restatement. By way of illustration, if commencing January 1, 2006 there is no Default and the Domestic Borrower changes its fiscal year to the calendar year, then the Domestic Borrower must provide restated financial statements and compliance certificates for calendar year 2005 as if such calendar year had been the Domestic Borrower's fiscal year, and there shall not result any Default under such restated 2005 calendar year financial statements or under the current calendar year financial statements. Notwithstanding the foregoing, accounting policies may change to accord with a change in GAAP; provided further, that in the event of any such change, all financial reports required hereunder that are thereby affected shall thereafter be presented in two formats, one of which shall reflect such change and the other of which shall reflect the original accounting policy, the covenants contained in Sections 6.10 continuing to be calculated on the basis of such original accounting policy.
Accounting; Fiscal Year. Premier LP will prepare its financial reports in accordance with GAAP. The General Partner may, without any further consent of the Limited Partners (except as specifically required by the Code), apply for IRS consent to, and otherwise effect a change in, Premier LP’s Fiscal Year.
Accounting; Fiscal Year. The books and records of the Partnership shall be kept on the accrual basis. The Partnership may report its operations for tax purposes on the cash receipts and disbursements method. The fiscal year of the Partnership shall close the last Friday of the calendar year.
Accounting; Fiscal Year. The Managing Member shall keep or cause to be kept proper records and books of account for the Company. Such records and books of account shall be kept at the principal office of the Company and shall be open for the reasonable examination and copying by any Member or any Member's authorized representative. The Managing Member shall retain such books of account for three (3) years after the termination of the Company. The fiscal year of the Company shall end on December 31.
Accounting; Fiscal Year. For accounting purposes, the fiscal year of the Company shall begin on January 1 and shall end on December 31, or such other period as the Managing Member may determine from time to time.
Accounting; Fiscal Year. Make any change in its accounting policies, auditor, financial reporting practices or Fiscal Year.
Accounting; Fiscal Year. No Borrower shall, or permit any Subsidiary to, adopt any material change in accounting principles except as required by GAAP. No Borrower shall change its fiscal year.
