Common use of Changes in Fiscal Year Clause in Contracts

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)

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Changes in Fiscal Year. Borrower shall not cause or permit its fiscal year to end on any date a day other than June 30 December 31, unless otherwise required by any applicable law, rule or permit its fiscal quarters regulation or if consented to end on a date other than on or about September 30by the Lead Lenders. If any such consent is provided by the Lead Lenders, December 31 or March 31; provided that the Borrower mayBorrower, upon written notice to the Lead Lenders and the Administrative Agent, Agent will enter into an amendment to this agreement to make technical changes necessary to reflect such change the financial reporting convention to a calendar of fiscal year-end convention.

Appears in 3 contracts

Samples: Credit Agreement (Wheels Up Experience Inc.), Credit Agreement (Wheels Up Experience Inc.), Credit Agreement (Wheels Up Experience Inc.)

Changes in Fiscal Year. Borrower shall not permit its fiscal year to end on any date other than June 30 December 31 or permit its fiscal quarters to end on a date other than on or about September 30, December 31 or March 31; provided that , June 30 or September 30 without the Borrower mayprior consent of the Requisite Lenders (such consent not to be unreasonably conditioned, upon written notice to the Administrative Agent, change the financial reporting convention to a calendar year-end conventionwithheld or delayed).

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement (Concordia Healthcare Corp.), Credit and Guaranty Agreement (Concordia Healthcare Corp.)

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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)

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