Accounting Methods; Fiscal Year. The profits and losses of the Company will be accounted for on a basis reasonably determined by the Manager. For income tax purposes, the Company shall, unless otherwise required under the Code, report on a cash basis. The fiscal year of the Company for both accounting and tax reporting purposes will be the calendar year.
Accounting Methods; Fiscal Year. Modify or change its fiscal year or its method of accounting (other than as may be required to conform to GAAP).
Accounting Methods; Fiscal Year. The Borrower will not adopt, permit or consent to any change in accounting practices other than as required by GAAP and will not adopt, permit or consent to any change in its Fiscal Year.
Accounting Methods; Fiscal Year. Modify or change (a) its fiscal year, or (b) its method of accounting (other than as may be required to conform to GAAP or as otherwise permitted by GAAP and disclosed to the Lenders and the Agent), in each case other than as set forth in Schedule 7.9 to the Closing Compliance Certificate; provided that it is understood and agreed that (i) any Subsidiary of the Parent may move its fiscal year end to align with the fiscal year end of the Parent and (ii) the Parent and its Subsidiaries may move from the retail basis of accounting to a cost basis of accounting; provided that in the event of any such change in accounting method, the Agent shall be entitled to conduct an updated appraisal on the Collateral at the Borrower’s cost and expense, which updated appraisal shall not be subject to the limitations set forth in Section 2.1(b) nor count against the number of reimbursable appraisals permitted thereby.
Accounting Methods; Fiscal Year. The Member shall determine whether the accounting for the Company shall be on a cash or accrual basis, and may make any changes of accounting method that it shall deem advisable at any time and from time to time. The Company’s fiscal year shall end on December 31st, unless the Member determines that another fiscal year is appropriate.
Accounting Methods; Fiscal Year. Profits and losses of the Company shall be determined in accordance with generally accepted accounting principles, and shall include gains or losses from the sale of Company assets. The fiscal year of the Company, for both accounting and tax reporting purposes, shall commence on January 1 and terminate on December 31 of each year.
Accounting Methods; Fiscal Year. The books of account of the Partnership shall be kept in accordance with generally acceptable accounting principles, consistently applied. The Fiscal Year of the Partnership shall be the calendar year.
Accounting Methods; Fiscal Year. Modify or change its fiscal year or ------------------------------- method of accounting or enter into, modify, or terminate any agreement currently existing, or at any time hereafter entered into with any third party accounting firm or service bureau for the preparation or storage of the Borrower's accounting records without said accounting firm or service bureau agreeing to provide Agent information regarding the Collateral or the Borrower's financial condition. The Borrower hereby waives the right to assert a confidential relationship, if any, it may have with any accounting firm or service bureau in connection with any information requested by Agent pursuant to or in accordance with this Agreement, and agrees that Agent may contact directly any such accounting firm or service bureau in order to obtain such information.
Accounting Methods; Fiscal Year. The accounting for the Company will initially be in accordance with generally accepted accounting principles. The Managing Member may make any changes of accounting method that it deems advisable at any time and from time to time. The Company's "FISCAL YEAR" will be the calendar year, unless the Managing Member determines that another Fiscal Year is appropriate or unless another Fiscal Year is required by the Code.
Accounting Methods; Fiscal Year. The General Partner shall keep or cause to be kept current and complete accounts, books and records of all transactions for the Partnership. Profits and losses of the Partnership shall be determined on an accrual basis in accordance with generally accepted accounting principles, and shall include gains or losses from the sale of Partnership assets. The Partnership shall also report for income tax purposes on an accrual basis. The fiscal year of the Partnership, for both accounting and tax reporting purposes, shall be the calendar year.
