Common use of Fiscal Year and Accounting Changes Clause in Contracts

Fiscal Year and Accounting Changes. Each Borrower will not, and will not permit any of its Subsidiaries to, change its fiscal year from December 31 or make any 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 4 contracts

Samples: Revolving Credit and Security Agreement (ARKO Corp.), Revolving Credit and Security Agreement (ARKO Corp.), Revolving Credit and Security Agreement (ARKO Corp.)

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Fiscal Year and Accounting Changes. Each Borrower will not, and will not permit any of its Subsidiaries to, change its fiscal year from December 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.

Appears in 4 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)

Fiscal Year and Accounting Changes. Each Borrower will not, and will not permit any of its Subsidiaries to, change its fiscal year from December 31 or make any change 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.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)

Fiscal Year and Accounting Changes. Each Borrower will not, and will shall not permit any of its Subsidiaries to, (a) change its fiscal year from December 31 year, or (b) make any significant change (ai) in accounting treatment and reporting practices (except as required permitted by GAAP GAAP), or (bii) in tax reporting treatment (except as required by law).

Appears in 2 contracts

Samples: Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.)

Fiscal Year and Accounting Changes. Each No Borrower will notshall, and will not or shall permit any of its Subsidiaries Subsidiary to, change its fiscal year Fiscal Year from December 31 that in use on the Closing Date 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 applicable law.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Credit and Security Agreement (Lexington Precision Corp)

Fiscal Year and Accounting Changes. Each No Borrower will, and no Borrower will not, and will not permit any of its Subsidiaries to, the other Loan Parties to change its fiscal year from the twelve‑month period beginning January 1 and ending December 31 or make any material change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in tax reporting treatment except as required by law.

Appears in 1 contract

Samples: Debt Agreement (Castle a M & Co)

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Fiscal Year and Accounting Changes. Each Borrower will not, and will not permit any of its Subsidiaries to, without the consent of Agent in its Permitted Discretion, change its fiscal year from December 31 or make any 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 1 contract

Samples: Revolving Credit and Security Agreement (ARKO Corp.)

Fiscal Year and Accounting Changes. Each Neither Borrower will not, and will not permit nor any of its Subsidiaries to, Subsidiary Guarantor shall change its fiscal year from December 31 or make any change (ai) in accounting treatment and reporting practices except as required by GAAP or (bii) in tax reporting treatment except as required by law.

Appears in 1 contract

Samples: Revolving Credit Agreement (Behringer Harvard Reit I Inc)

Fiscal Year and Accounting Changes. Each Borrower will shall not, and will shall not permit any of its Subsidiaries to, change its fiscal year Fiscal Year from December 31 or make any significant change (ai) in accounting treatment and reporting practices except as required by GAAP Agreement Accounting Principles or (bii) in tax reporting treatment except as required by law.

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

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