Common use of Limitation on Accounting Changes Clause in Contracts

Limitation on Accounting Changes. Limitation on Investment ---------------------------------------------------------- Company Status. No Obligor or Subsidiary shall make or permit, any change in -------------- (i) accounting policies or reporting practices, except immaterial changes and except as required by generally accepted accounting principles or (ii) its fiscal year end (December 31 of each year). No Obligor shall be or become an investment company subject to the registration requirements under the United States Investment Company Act of 1940, as amended.

Appears in 2 contracts

Samples: Credit Agreement (Tmil Corp), Credit Agreement (Tuesday Morning Corp/De)

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Limitation on Accounting Changes. Limitation on Investment ---------------------------------------------------------- Company Status. No Obligor or Subsidiary Company shall make or permit, any change in -------------- (i) accounting -------------- policies or reporting practices, except immaterial changes and except as required by generally accepted accounting principles or (ii) its fiscal year end (December 31 of each year). No Obligor shall be or become an investment company subject to the registration requirements under the United States Investment Company Act of 1940, as amended.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Princess Beverly Coal Holding Co Inc)

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Limitation on Accounting Changes. Limitation on Investment ---------------------------------------------------------- Company Status. No Obligor or Subsidiary Company shall make or permit, any change in -------------- (i) accounting --------------- policies or reporting practices, except immaterial changes and except as required by generally accepted accounting principles or (ii) its fiscal year end (December 31 of each year). No Obligor shall be or become an investment company subject to the registration requirements under the United States Investment Company Act of 1940, as amended.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

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