Change of Fiscal Year or Accounting Methods. Shall not, and shall not permit any Borrower or any other Guarantor to, change (i) its fiscal year or (ii) its book accounting methods in any material respect except as required by GAAP or applicable law. Guarantor’s fiscal year end is December 31 as of the Closing Date. As used herein, the term “book accounting methods” means accounting methods which affect numbers reported to the Securities and Exchange Commission (as distinguished from tax accounting methods used in reporting to the Internal Revenue Service).
Appears in 2 contracts
Samples: Unconditional Guaranty (Asbury Automotive Group Inc), Unconditional Guaranty (Asbury Automotive Group Inc)
Change of Fiscal Year or Accounting Methods. Shall not, and shall not permit any Borrower or any other Guarantor to, change (i) its fiscal year or (ii) its book accounting methods in any material respect except as required by GAAP or applicable law. Guarantor’s fiscal year end is December 31 as of the Closing Date. As used herein, the term “book accounting methods” means accounting methods which affect numbers reported to the Securities and Exchange Commission (as distinguished from tax accounting methods used in reporting to the Internal Revenue Service).
Appears in 2 contracts
Samples: Unconditional Guaranty (Asbury Automotive Group Inc), Unconditional Guaranty (Asbury Automotive Group Inc)
Change of Fiscal Year or Accounting Methods. Shall not, and shall not permit any Borrower or any other Guarantor to, change (i) its fiscal year or (ii) its book accounting methods in any material respect except as required by GAAP or applicable law. GuarantorBorrower’s fiscal year end is December 31 as of the Closing Date. As used herein, the term “book accounting methods” means accounting methods which affect numbers reported to the Securities and Exchange Commission (as distinguished from tax accounting methods used in reporting to the Internal Revenue Service).
Appears in 1 contract
Samples: Master Loan Agreement (Asbury Automotive Group Inc)
Change of Fiscal Year or Accounting Methods. Shall not, and shall not permit any Borrower or any other Guarantor to, change (i) its fiscal year or (ii) its book accounting methods in any material respect except as required by GAAP or applicable law. GuarantorBorrower’s fiscal year end is December 31 as of the Closing Date. As used herein, the term “book accounting methods” means accounting methods which affect numbers reported to the Securities and Exchange Commission (as distinguished from tax accounting methods used in reporting to the Internal Revenue Service).Service).6.10
Appears in 1 contract
Samples: Master Loan Agreement (Asbury Automotive Group Inc)