Common use of Books and Records Fiscal Year Clause in Contracts

Books and Records Fiscal Year. The Company will, and will cause each of its Subsidiaries to, (a) keep proper books of record and account in which full, true and correct entries will be made of all its material business dealings and transactions in accordance with GAAP applied on a consistent basis and (b) maintain a system of accounting established and administered in accordance with GAAP, and set aside on its books from its earnings for each fiscal year all proper reserves, accruals and provisions which, in accordance with GAAP, should be set aside from such earnings in connection with its business, including, without limitation, provisions for depreciation, obsolescence and/or amortization and accruals for taxes for such period. The Company will not, and will not permit any of its Subsidiaries to, change the basis on which its fiscal year is at present determined.

Books and Records Fiscal Year. The Each of Holdings and the ------------------------------ Company will, and will cause each of its Subsidiaries to, (a) keep proper books - of record and account in which full, true and correct entries will be made of all its material business dealings and transactions in accordance with GAAP applied on a consistent basis and (b) maintain a system of accounting - established and administered in accordance with GAAP, and set aside on its books from its earnings for each fiscal year all proper reserves, accruals and provisions which, in accordance with GAAP, should be set aside from such earnings in connection with its business, including, without limitation, provisions for depreciation, obsolescence and/or amortization and accruals for taxes for such period. The Company will not, and will not permit notify each Noteholder of any of its Subsidiaries to, change the basis on which in its fiscal year is at present determinedyear.