Fiscal Year and Accounting Changes. No Loan Party shall change its fiscal year from December 31 or make any significant change (a) in accounting treatment and reporting practices except as required by GAAP or (b) in Tax reporting treatment except as required by law.
Appears in 5 contracts
Samples: Note Purchase Agreement (Digital Ally, Inc.), Note Purchase Agreement (Interactive Strength, Inc.), Note Purchase Agreement (KonaTel, Inc.)
Fiscal Year and Accounting Changes. No Loan Credit Party shall, and no Credit Party shall change permit any of its Subsidiaries to, directly or indirectly maintain a fiscal year from other than a year ending on December 31 31, or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax reporting treatment except as required by lawApplicable Law.
Appears in 5 contracts
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc), Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc), Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Fiscal Year and Accounting Changes. No Loan Credit Party shall, and no Credit Party shall change permit any of its Subsidiaries to, directly or indirectly maintain a fiscal year from December 31 other than a year ending on March 31, or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax reporting treatment except as required or permitted by lawApplicable Law.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Tel Instrument Electronics Corp), Securities Purchase Agreement (Tel Instrument Electronics Corp)
Fiscal Year and Accounting Changes. No Loan Credit Party shall change its fiscal year from December 31 June 30, 2001 or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax tax reporting treatment except as required by law.
Appears in 1 contract
Fiscal Year and Accounting Changes. No Loan Note Party shall, and no Note Party shall change permit any of its Subsidiaries to, directly or indirectly maintain a fiscal year from other than a year ending on December 31 31, or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax reporting treatment except as required by lawApplicable Law.
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement and Security Agreement (Meridian Waste Solutions, Inc.)
Fiscal Year and Accounting Changes. No Loan Party shall, and no Loan Party shall change permit any of its Subsidiaries to, directly or indirectly maintain a fiscal year from other than a year ending on December 31 31, or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax reporting treatment except as required by lawapplicable Law.
Appears in 1 contract
Samples: Credit Agreement (Fusion Telecommunications International Inc)
Fiscal Year and Accounting Changes. No Loan Credit Party shall, and no Credit Party shall change permit any of its Subsidiaries to, directly or indirectly maintain a fiscal year from other than a year ending on December 31 31, or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in Tax reporting treatment except as required by law.Applicable Law. 68 9.13
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement
Fiscal Year and Accounting Changes. No Loan Credit Party shall, nor shall it permit any of its Subsidiaries to, change (i) its fiscal year from December 31 (currently a calendar year) or make any significant change (aii) in its accounting treatment and reporting practices policies except as required permitted by GAAP or (b) in Tax reporting treatment except as required by lawGAAP.
Appears in 1 contract
