Changes in Fiscal Year. Borrower shall not permit its fiscal year to end on any date other than June 30 or permit its fiscal quarters to end on a date other than on or about September 30, December 31 or March 31; provided that the Borrower may, upon written notice to the Administrative Agent, change the financial reporting convention to a calendar year-end convention.
Appears in 3 contracts
Samples: Second Lien Credit and Guaranty Agreement (Lannett Co Inc), Credit and Guaranty Agreement (Lannett Co Inc), Credit and Guaranty Agreement (Lannett Co Inc)
Changes in Fiscal Year. The Borrower shall not permit its the fiscal year to end on any date other than June 30 or permit its fiscal quarters of the Borrower to end on a date day other than on or about September 30, December 31 or March 31; provided that 30 unless the Borrower may, upon shall have given the Administrative Agent at least 30 days prior written notice to of such change (and, in the event of any such change, the Borrower and the Administrative AgentAgent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change the financial reporting convention to a calendar in fiscal year-end convention).
Appears in 2 contracts
Samples: Credit Agreement (Mueller Water Products, Inc.), Term Loan Credit Agreement (Mueller Water Products, Inc.)
Changes in Fiscal Year. Borrower shall not permit Permit its fiscal year to end on any date other than June 30 or permit its fiscal quarters to end on a date other than on or about September 30, December 31 or March 31; provided that the Borrower Representative may, upon written notice to the Administrative Agent, change the financial reporting convention to a calendar year-end convention.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement and Pledge and Security Agreement (Lannett Co Inc), Credit and Guaranty Agreement (Lannett Co Inc)
Changes in Fiscal Year. The Borrower shall will not permit its the fiscal year to end on any date other than June 30 or permit its fiscal quarters of the Borrower to end on a date day other than on the Saturday that is closest to June 30 of each year in accordance with the definition of the term “Fiscal Year”, or about September 30, December 31 or March 31; provided that the Borrower may, upon written notice to the Administrative Agent, change the financial reporting convention to a calendar year-end conventionBorrower’s method of determining fiscal quarters, in each case, as determined consistent with the past practice.
Appears in 1 contract
Samples: Credit Agreement (Lecroy Corp)
