Common use of Limitation on Changes in Fiscal Year Clause in Contracts

Limitation on Changes in Fiscal Year. Permit the fiscal year of Holdings or the Parent Borrower to end on a day other than a 52 or 53 week Fiscal Year ending on September 30 or the Friday preceding such date; provided that Holdings or the Parent Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Parent Borrower and the Administrative Agent will, and will be authorized by the Lenders to, make any adjustments to the Loan Documents that are necessary to reflect such change in fiscal year.

Appears in 5 contracts

Samples: Credit Agreement (Atkore International Group Inc.), Intercreditor Agreement (Atkore International Group Inc.), Credit Agreement (Atkore International Group Inc.)

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Limitation on Changes in Fiscal Year. Permit the fiscal year of Holdings or the Parent Borrower to end on a day other than a 52 December 31 or 53 week Fiscal Year ending on September 30 or the Friday preceding change such datePerson’s method of determining fiscal quarters; provided that Holdings or the Parent Borrower mayprovided, however, that, upon written notice to the Administrative Agent, such Person may change its fiscal year ending date or method of determining fiscal quarters to any other fiscal year reasonably acceptable to the Administrative Agentanother date or method, in which case, the Parent Borrower such Person and the Administrative Agent will, and will be are hereby authorized by the Lenders to, make any adjustments to the Loan Documents this Agreement that are necessary to reflect such change in fiscal year.

Appears in 4 contracts

Samples: Credit Agreement (New Media Investment Group Inc.), Credit Agreement (New Media Investment Group Inc.), Credit Agreement (New Media Investment Group Inc.)

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Limitation on Changes in Fiscal Year. Permit the fiscal year of Holdings or the Parent Borrower to end on a day other than a 52 or 53 week Fiscal Year ending on September 30 or the Friday preceding such date30; provided that Holdings or the Parent Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Parent Borrower and the Administrative Agent will, and will be authorized by the Lenders to, make any adjustments to the Loan Documents that are necessary to reflect such change in fiscal year.

Appears in 1 contract

Samples: Credit Agreement (New Sally Holdings, Inc.)

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