Common use of Change in Corporate Structure; Fiscal Year Clause in Contracts

Change in Corporate Structure; Fiscal Year. The Borrower shall not, nor shall it permit any Subsidiary to, (a) permit any amendment or modification to be made to its certificate or articles of incorporation or by-laws which is materially adverse to the interests of the Lenders (provided that the Borrower shall notify the Agent of any other amendment or modification thereto as soon as practicable thereafter) or (b) change its Fiscal Year to end on any date other than December 31 of each year, except that the Venton Entities may change their fiscal year to the twelve month period ending September 30.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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Change in Corporate Structure; Fiscal Year. The Borrower shall notNo Credit Party shall, nor shall it permit any Subsidiary to, (a) permit any amendment or modification to be made to its certificate or articles of incorporation or by-laws which is materially adverse to the interests of the Lenders Banks (provided that the Borrower such Credit Party shall notify the Administrative Agent of any other amendment or modification thereto as soon as practicable thereafter) or (b) change its Fiscal Year to end on any date other than December 31 of each year, except that the Venton Entities may change their fiscal year to the twelve month period ending September 30.

Appears in 1 contract

Samples: Letter of Credit Facility and Reimbursement Agreement (Alleghany Corp /De)

Change in Corporate Structure; Fiscal Year. The Borrower shall notNo Credit Party shall, nor shall it permit any Subsidiary to, (a) permit any amendment or modification to be made to its certificate or articles of incorporation or by-laws which is materially adverse to the interests of the Lenders Banks (provided that the Borrower such 2 Credit Party shall notify the Administrative Agent of any other amendment or modification thereto as soon as practicable thereafter) or (b) change its Fiscal Year to end on any date other than December 31 of each year, except that the Venton Entities may change their fiscal year Fiscal Year to the twelve month period months ending September 30.

Appears in 1 contract

Samples: Letter of Credit Facility and Reimbursement Agreement (Alleghany Corp /De)

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Change in Corporate Structure; Fiscal Year. The Borrower shall notNo Credit Party shall, nor shall it permit any Subsidiary to, (a) permit any amendment or modification to be made to its certificate or articles of incorporation or by-laws which is materially adverse to the interests of the Lenders Banks (provided that the Borrower such Credit Party shall notify the Administrative Agent of any other amendment or modification thereto as soon as practicable thereafter) or (b) change its Fiscal Year to end on any date other than December 31 of each year, except that the Venton Entities may change their fiscal year to the twelve month period months ending September 30.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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