Changes in Business and Fiscal Year. Each Loan Party will not, and will not permit any of its Subsidiaries to: (a) engage in any business activity other than the Business; (b) modify or change its fiscal year to end other than on December 31 of each year; or (c) modify or change its method of accounting in any material respect except (i) in connection with the GAAP Election and (ii) as otherwise may be required to conform to Applicable Accounting Standards.
Appears in 3 contracts
Samples: Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE)
Changes in Business and Fiscal Year. Each Loan Party will not, and will not permit any of its Subsidiaries to:
(a) engage in any business activity other than the Business;
(b) modify or change its fiscal year to end other than on December 31 of each year; or
(c) modify or change its method of accounting in any material respect except (i) in connection with the GAAP Election and (ii) as otherwise may be required to conform to Applicable Accounting StandardsGAAP, including after the Borrower achieves Reporting Compliance.
Appears in 2 contracts
Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (Mimedx Group, Inc.)
Changes in Business and Fiscal Year. Each Loan Party will not, and will not permit any of its Subsidiaries to:
(a) : engage in any business activity other than the Business;
(b) ; modify or change its fiscal year to end other than on December 31 of each year; or
(c) or modify or change its method of accounting in any material respect except (i) in connection with the GAAP Election and (ii) as otherwise may be required to conform to Applicable Accounting Standards.GAAP; or
Appears in 1 contract
Samples: Loan Agreement (Mimedx Group, Inc.)
Changes in Business and Fiscal Year. Each Loan Party will not, and will not permit any of its Subsidiaries to:
(a) engage in any business activity other than the Business;
(b) modify or change its fiscal year to end other than on December 31 of each year; or
(c) modify or change its method of accounting in any material respect except (i) in connection with the GAAP Election and (ii) as otherwise may be required to conform to Applicable Accounting StandardsGAAP.
Appears in 1 contract
Samples: Loan Agreement (Mimedx Group, Inc.)
