Common use of Change of Fiscal Year or Accounting Methods Clause in Contracts

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year or its accounting methods. Borrower's fiscal year end is December 31 as of the Closing Date.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Innotrac Corp), Loan and Security Agreement (Innotrac Corp)

AutoNDA by SimpleDocs

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year or its accounting methodsyear. Borrower's ’s fiscal year end is December 31 31, as of the Closing Date. Borrower does not currently capitalize research and development expenses and shall not do so in the future. If Borrower changes it accounting methods, Bank shall have the right, at its option, to calculate Borrower’s compliance with the financial covenants set forth in Sections 7.1 and 7.2 hereof using Borrower’s historical methods of accounting.

Appears in 1 contract

Samples: Loan and Security Agreement (Impax Laboratories Inc)

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year or its accounting methods. Borrower's ’s fiscal year end is December 31 31, as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Ic Isaacs & Co Inc)

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year Fiscal Year or its accounting methods. Borrower's fiscal year ’s Fiscal Year end is December 31 as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Primo Water Corp)

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year Fiscal Year (and Fiscal Months and Fiscal Quarters corresponding thereto) or its accounting methodsmethods from those in effect on the Closing Date. Borrower's fiscal year end is December 31 as As of the Closing Date, Borrowers’ Fiscal Year ends on December 31 of each calendar year.

Appears in 1 contract

Samples: Loan Agreement (Sturm Ruger & Co Inc)

AutoNDA by SimpleDocs

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year Fiscal Year or its accounting methods. Borrower's fiscal year end is December 31 as As of the Closing Date, Borrower’s fiscal year ends on or about December 31 of each year.

Appears in 1 contract

Samples: Loan and Security Agreement (Autoinfo Inc)

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year or its accounting methodsmethods without prior written notice to Bank. Each Borrower's ’s fiscal year end is December 31 as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Adams Golf Inc)

Change of Fiscal Year or Accounting Methods. Shall not change its fiscal year or its accounting methods. Borrower's ’s fiscal year end is December 31 September 30 as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitacost.com, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!