Fiscal Year and Accounting Changes. Each Specified Loan Party will not, and will not permit any of its Subsidiaries to, change its fiscal year from December 31 or make any significant change (i) in accounting treatment and reporting practices except as required by GAAP or (ii) in tax reporting treatment except as required by law.
Appears in 2 contracts
Samples: Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)
Fiscal Year and Accounting Changes. Each Specified No Loan Party will not, and will not permit any of its Subsidiaries to, shall change its fiscal year from December March 31 or make any significant material change (ia) in accounting treatment and reporting practices except as required by GAAP or (iib) in tax Tax reporting treatment except as required by law.
Appears in 2 contracts
Samples: Note Purchase Agreement (Neptune Wellness Solutions Inc.), Note Purchase Agreement (Neptune Wellness Solutions Inc.)
Fiscal Year and Accounting Changes. Each Specified Loan No Credit Party will not, and will not permit any of its Subsidiaries to, shall change its fiscal year year-end from December 31 February 28 or make any significant change (i) in accounting treatment and reporting practices except as required by GAAP or (ii) in tax reporting treatment except as required by law.
Appears in 1 contract
Samples: Security Agreement (Evergreen International Aviation Inc)
