Limitation on Accounting Changes or Changes in Fiscal Periods. The Parent shall not, nor shall it permit any of its Subsidiaries to permit (a) any change in any of its accounting policies affecting the presentation of financial statements or reporting practices, except as required or permitted by GAAP or (b) the fiscal year of the Parent or any of its Subsidiaries to end on a day other than December 31 or change the Parent’s method of determining fiscal quarters.
Appears in 4 contracts
Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)
Limitation on Accounting Changes or Changes in Fiscal Periods. The Parent shall not, nor and shall it not permit any of its Subsidiaries other Loan Party to permit (a) any change in any of its accounting policies affecting the presentation of financial statements or reporting practices, except as required or permitted by GAAP or (b) the fiscal year of the Parent or any of its Subsidiaries to end on a day other than December 31 or change the Parent’s method of determining fiscal quarters.
Appears in 2 contracts
Samples: Credit Agreement (Vantage Drilling CO), Credit Agreement (Vantage Drilling CO)
