Common use of Accounting Clause in Contracts

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 87 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/), Credit and Security Agreement (Corsair Components, Inc.)

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Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAPgenerally accepted accounting principles. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 11 contracts

Samples: Credit and Security Agreement (Continental Information Systems Corp), Credit and Security Agreement (Sunrise Educational Services Inc), Credit Agreement (Portfolio Recovery Associates Inc)

Accounting. The No Borrower will not adopt any material change in accounting principles other than as required by GAAP. The No Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 9 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement   by And (Miscor Group, Ltd.), Credit and Security Agreement (Luminant Worldwide Corp)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 7 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Accounting. The Borrower Borrowers will not adopt any material change in accounting principles other than as required by GAAP. The Borrower Borrowers will not adopt, permit or consent to any change in its their fiscal year.

Appears in 5 contracts

Samples: Foreign Accounts Credit and Security Agreement (Synergetics Usa Inc), Credit and Security Agreement (Orion Energy Systems, Inc.), Credit and Security Agreement (Pacific Cma Inc)

Accounting. The Borrower Borrowers will not adopt any material change in accounting principles other than as required by GAAP. The Borrower Borrowers will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Credit and Security Agreement (Smtek International Inc), Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)

Accounting. The Such Borrower will not adopt any material change in accounting principles other than as required by GAAP, the SEC, or NASDAQ. The Such Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp)

Accounting. The Borrower will not adopt any ---------- material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Credit and Security Agreement (Rockshox Inc), Credit and Security Agreement (Primesource Healthcare Inc), Credit and Security Agreement (Act Teleconferencing Inc)

Accounting. The Borrower will not adopt any material ---------- change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Bentley International Inc)

Accounting. The Borrower will not, and will not permit any of its Subsidiaries to, adopt any material change in accounting principles principles, other than as required by GAAP. The Borrower , and will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Credit Agreement (Entegris Inc), Credit Agreement (Entegris Inc), Credit Agreement (Innovex Inc)

Accounting. The Borrower will not adopt adopt, permit or consent to any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (RathGibson Inc), Reimbursement Agreement (Life Time Fitness Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAPGAAP without prior written consent of the Lender. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 2 contracts

Samples: Credit and Security Agreement (Hei Inc), Credit and Security Agreement (Hei Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will shall not, and shall not permit any Subsidiary to, adopt, permit or consent to any change in its fiscal year.

Appears in 2 contracts

Samples: Loan Agreement (Computer Task Group Inc), Loan Agreement (Computer Task Group Inc)

Accounting. The Borrower will not adopt adopt, permit or consent to any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal yearyear without the prior written consent of Lender.

Appears in 2 contracts

Samples: Purchase and Loan Agreement, Purchase and Loan Agreement

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal yearyear unless such change is made in accordance with GAAP and all applicable tax laws and regulations.

Appears in 2 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp)

Accounting. The Borrower will shall not adopt any material change in accounting principles other than except as required by GAAP, consistently applied. The Borrower will shall not adopt, permit or consent to any change in its fiscal year.

Appears in 2 contracts

Samples: Loan and Security Agreement (KingsCrowd, Inc.), Loan and Security Agreement (InterMetro Communications, Inc.)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, . permit or consent to any change in its fiscal year.

Appears in 2 contracts

Samples: Credit and Security Agreement (Rmed International Inc), Credit and Security Agreement (Rmed International Inc)

Accounting. The Borrower and its Subsidiaries will not adopt any material change in accounting principles other than as required by by, or acceptable under, GAAP. The Borrower will not not, nor will it allow its Subsidiaries to, adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Revolving Credit Agreement (Iti Technologies Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required or permitted by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal yearyear unless such change is made in accordance with GAAP and all applicable tax laws and regulations.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Brauns Fashions Corp)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAPgenerally accepted accounting principles. The Borrower will not adopt, permit or consent to any change in fin its fiscal year.

Appears in 1 contract

Samples: Credit and Security Agreement (Shop at Home Inc /Tn/)

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Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal yearyear without the prior written consent of the Lender, which consent shall not be unreasonably withheld.

Appears in 1 contract

Samples: Credit and Security Agreement (Kitty Hawk Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAP, provided that Borrower may adopt changes in its accounting principles permitted by GAAP so long as such changes, either individually or in the aggregate, do not have a material effect on the measurement of the financial covenants in this Agreement and the comparison of such financial covenants to periods prior to such changes. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Credit and Security Agreement (Poore Brothers Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than except as required by GAAP, consistently applied. The Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)

Accounting. The Borrower Borrowers will not adopt any material change in accounting principles other than as required by GAAP. The Each Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Credit and Security Agreement (Nu Kote Holding Inc /De/)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required by GAAPgenerally accepted accounting principles. The Borrower will not adopt, permit or consent to any change in its fiscal year.. -35-

Appears in 1 contract

Samples: Credit and Security Agreement (Royal Grip Inc)

Accounting. The Borrower will not adopt any material change in accounting principles other than as required those allowable by GAAP. The Borrower will not adopt, permit or consent to any change in its fiscal yearyear without giving the Lender prior written notice thereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Ciber Inc)

Accounting. The No Borrower will not adopt any material change in accounting principles other than as required allowed by GAAP. The No Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.)

Accounting. The Borrower Borrower, its Subsidiaries and each member of the Affiliated Group will not adopt any material change in accounting principles other than as required by by, or acceptable under, GAAP. The Borrower will not not, nor will it allow its Subsidiaries or any member of the Affiliated Group to, adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Factual Data Corp)

Accounting. The No Borrower will not adopt any material change in accounting principles other than as required by GAAP. The No Borrower will not adopt, permit or consent to any change in its fiscal year.. Section 1.75

Appears in 1 contract

Samples: Credit and Security Agreement

Accounting. The No Borrower will not adopt adopt, permit or consent to any material change in accounting principles other than as required by GAAP. The No Borrower will not adopt, permit or consent to any change in its fiscal year.

Appears in 1 contract

Samples: Master Security Agreement (Landec Corp \Ca\)

Accounting. The Borrower will not adopt any material change in accounting principles principles, other than as required by GAAP. The Borrower , and will not adopt, permit or consent to any change in its fiscal yearyear without prior written notice to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

Accounting. The Borrower will shall not adopt any material change in accounting principles other than as required by GAAP. The Borrower will shall not adopt, permit permit, or consent to any change in its fiscal year, which currently ends on December 31st.

Appears in 1 contract

Samples: Credit Agreement (Fortress Group Inc)

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