Fiscal Year and Accounting. (a) Parent shall not change its fiscal year-end to a date other than December 31 and shall not make or permit any changes in accounting policies or practices which would have an effect on whether or not the Parent is in compliance with Section 6.04, without the consent of the Required Lenders, which consent shall not be unreasonably withheld or delayed, except: (i) changes that are required or permitted by GAAP, or (ii) changes permitted under sub-paragraph (b) of this Section 6.02.
(b) If at any time any change in GAAP (including without limitation as a result of the adoption of IFRS) would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Parent or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Parent shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.
Fiscal Year and Accounting. Except as otherwise approved by the Members, or required by law, the fiscal year of the Company shall be the calendar year and the books of the Company shall be kept on the accrual method.
Fiscal Year and Accounting. The fiscal year of the Company shall be the calendar year. All amounts computed for the purposes of this Agreement and all applicable questions concerning the rights of Members shall be determined using the cash method of accounting. All decisions as to other accounting matters, except as specifically provided to the contrary herein, shall be made by the Manager.
Fiscal Year and Accounting. The fiscal year of the Partnership shall be the calendar year and the books of the Partnership shall be kept on a cash, accrual or such other basis as the General Partner shall determine and shall be kept in accordance with the accounting principles employed by the Partnership for federal income tax purposes.
Fiscal Year and Accounting. The fiscal year of the Company shall be as determined from time to time by the Managers.
Fiscal Year and Accounting. Parent shall not change its fiscal year-end to a date other than December 31 and shall not make or permit any changes in accounting policies or practices which would have an effect on whether or not the Parent is in compliance with Section 6.04, without the consent of the Required Lenders, which consent shall not be unreasonably withheld or delayed, except: (i) changes that are required or permitted by GAAP, or (ii) changes permitted under sub-paragraph (b) of this Section 6.02.
Fiscal Year and Accounting. (a) The Parent shall not change its fiscal year-end to a date other than December 31 and shall not make or permit any changes in accounting policies or practices which would have an effect on whether or not the Parent is in compliance with Section 6.04, without the consent of the Required Lenders, which consent shall not be unreasonably withheld or delayed, except: (i) changes that are required or permitted by GAAP, or (ii) changes permitted under sub-paragraph (b) of this Section 6.02.
(b) If at any time any change in GAAP or Japanese GAAP (including without limitation as a result of the adoption of IFRS) would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Parent or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Parent shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP or Japanese GAAP; provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP or Japanese GAAP, as applicable, prior to such change therein and (ii) the Parent shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP or Japanese GAAP.
Fiscal Year and Accounting. The Fiscal Year of the Company will be the calendar year. All amounts computed for the purposes of this Agreement and all applicable questions concerning the rights of Members will be determined using generally accepted accounting principles. All decisions as to other accounting matters, except as specifically provided to the contrary herein, will be as recommended by the independent public accountant as set forth in Exhibit E as determined in their reasonable discretion with the consent of a Majority of the Managers including at least one Manager designated by Gum Tech and at least one Manager designated by BDT.
Fiscal Year and Accounting. The joint venture's fiscal year shall commence on Ja and year shall end on December 31st of each year. Full and accurate books of account shall be main as the Venturers may from time to time designate, and shall reflect the condition of the business and fi venture. Each Venturer shall have access to such books of account for the purpose of examining the ordinary business hours. At the end of each year, the Parties shall cause the accountant of the joint v balance sheet setting forth the financial position of the joint venture as of the end of that year and a st operations, i.e., income and expenses, for that year. A copy of the balance sheet and statement of op delivered to each Venturer as soon as possible after the end of the fiscal year. Each Venturer shall be deemed to have waived objection to any transaction or other fact disclosed in such balance sheet and/or statement of operations, unless h all other Venturers in writing of any such objection within ten (10) days of the date on which such state
Fiscal Year and Accounting. The Fiscal Year of the Joint Venture shall be August 1 through July 31. All decisions as to other accounting matters, except as specifically provided to the contrary herein, shall be made by the Joint-Venturers.
