Inventory Accounting. The Company and its Subsidiaries shall -------------------- account for their inventory on the basis of the "LIFO" method of accounting; provided, that they may change to the "FIFO" method of inventory accounting, if such method is then permitted by GAAP and if the provisions of Section 6.5 are amended in such manner as the Required Lenders shall consider necessary in the reasonable judgment to maintain the same standards of creditworthiness.
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Inventory Accounting. The Company shall, and shall cause each of its Subsidiaries shall -------------------- to, account for their inventory on the basis of the "LIFO" method of accounting; provided, that they may change to the "FIFO" method of -------- inventory accounting, if such method is then permitted by GAAP and if the provisions of Section 6.5 paragraph 6A are amended in such manner as the Required Lenders Majority Holders shall consider necessary in the reasonable judgment to maintain the same standards of creditworthiness.
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Samples: Senior Notes Master Shelf Agreement (Transmontaigne Oil Co)
Inventory Accounting. The Company shall, and shall cause each of its Subsidiaries shall -------------------- to, account for their inventory on the basis of the "LIFO" method of accounting; provided, that they may change to the "FIFO" any -------- other method of inventory accounting, if such method is then permitted by GAAP so long as and if the provisions of Section 6.5 paragraph 6A are amended in such manner as the Required Lenders Majority Holders shall consider necessary in the their reasonable judgment to maintain the same standards of creditworthiness."
(e) PARAGRAPH 5.
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Samples: Master Shelf Agreement and Pledge Agreement (Transmontaigne Inc)
Inventory Accounting. The Company and its Subsidiaries shall -------------------- account for their inventory on the basis of the "LIFO" method of accounting; provided, that they may change to the "FIFO" any other method of inventory accounting, if such method is accounting then permitted by GAAP and if GAAP, so long as the provisions of Section 6.5 are amended in such manner as the Required Lenders shall consider necessary in the their reasonable judgment to maintain the same standards of creditworthiness.
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