Change in Financial Year. No Covenant Group Obligor shall, and each Covenant Group Obligor shall procure that no member of the UK Group shall, change the end of its financial year, other than as agreed by an Instructing Group, acting reasonably or so as to ensure that the financial year of each member of the Target Group ends on the same date as the financial year of each member of the UK Group; provided that the Borrower shall incur no liability to pay damages for failure to so procure with respect to any member of the Target Group.
Appears in 3 contracts
Samples: Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Communications Corp)
Change in Financial Year. No Covenant Group Obligor shall, and each Covenant Group Obligor shall procure that no member of the UK Group shall, change the end of its financial year, other than as agreed by an Instructing Group, acting reasonably or so as to ensure that the financial year of each member of the Target UK Group ends on the same date as the financial year of each member of the UK Group; provided that the Borrower shall incur no liability to pay damages for failure to so procure with respect to any member of the Target GroupBorrower.
Appears in 1 contract
Samples: Credit Agreement (NTL Inc)
