Change in Accounting Period Sample Clauses

Change in Accounting Period. Change the times of commencement or termination of their fiscal year or other accounting periods, or change its methods of accounting other than to conform to generally-accepted accounting principles applied on a consistent basis.
Sample 1
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Change in Accounting Period. Either Party may, on notice to the other Party, change its accounting and financial reporting practices from calendar quarters and calendar years to fiscal quarters and fiscal years or otherwise adjust such practices in accordance with IFRS or any other generally accepted accounting practice, consistently applied (“GAAP”). Following receipt of any such notice, the Parties shall confer to confirm a reporting method to facilitate payments to be made hereunder.
Sample 1Sample 2
Change in Accounting Period. In the event of a change in the --------------------------- Accounting Period during the Lease Term which results in payment dates (and/or number of payments) different from the payment dates (and/or number of payments) reflected on the Rental Schedule to this Lease, the amount of subsequent installments of Basic Rent and the Stipulated Loss Value tables shall be appropriately adjusted in a fair and equitable manner. In the absence of agreement between Lessor and Lessee on the appropriate adjustments, the matter may be submitted by either party for determination by an outside independent valuation expert, acceptable to both Lessor and Lessee, who in the absence of agreement between Lessor and Lessee shall be the independent valuation expert most recently used to determine the "Market Leasing Factor" under the Hotel Lease. Such expert shall be instructed to render its determination as soon as reasonably practicable, but in no event later than sixty (60) days after referral of the matter. The determination of the valuation expert shall be final and binding upon the parties and shall not be subject to judicial review. Lessor and Lessee will share equally the fees and expenses of the independent valuation expert.
Sample 1
Change in Accounting Period. Borrower shall not change the times of commencement or termination of its fiscal year or other accounting periods, or change its methods of accounting other than to conform to generally‑accepted accounting principles applied on a consistent basis.
Sample 1
Change in Accounting Period. Without the prior written consent of Lender, Borrower (specifically the parent “Company”) shall not change the times of commencement or termination of their fiscal year or other accounting periods, or change its methods of accounting other than to conform to generally-accepted accounting principles applied on a consistent basis.
Sample 1

Related to Change in Accounting Period

  • Change in Accounting Method Neither Company nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting method or otherwise.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Change in Accountants or Accounting Policy Any change in (i) the external accountants of the Borrower, the Servicer, any Originator or the Parent, (ii) any accounting policy of the Borrower or (iii) any material accounting policy of any Originator that is relevant to the transactions contemplated by this Agreement or any other Transaction Document (it being understood that any change to the manner in which any Originator accounts for the Pool Receivables shall be deemed “material” for such purpose).

  • Change of Fiscal Year Seller shall not, at any time, directly or indirectly, except upon ninety (90) days’ prior written notice to Purchaser, change the date on which its fiscal year begins from its current fiscal year beginning date.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by written notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

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