Method of Accounting; Fiscal Year. Borrowers will not: (a) change the method of accounting employed in the preparation of any financial statements furnished to Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ accountants shall furnish such information as Lender may request to reconcile the changes with Borrowers’ prior financial statements. (b) change their fiscal year from a year ending on December 31.
Appears in 3 contracts
Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ prior financial statements.
statements (b) it will not change their fiscal year from a year ending on December 31its Fiscal Year.
Appears in 3 contracts
Samples: Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp), Financing and Security Agreement (Tvi Corp)
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ prior financial statements.
(b) it will not change their its fiscal year from a year ending on December January 31.
Appears in 2 contracts
Samples: Financing and Security Agreement (Rand Worldwide Inc), Financing and Security Agreement (Argan Inc)
Method of Accounting; Fiscal Year. Borrowers The Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower’s accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower’s prior financial statements.
(b) change their its fiscal year from a year ending on December 31.
Appears in 2 contracts
Samples: Financing and Security Agreement (Healthextras Inc), Financing and Security Agreement (Healthextras Inc)
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP or on the advice of the Borrowers' accountants, and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31.June 30/th/.
Appears in 2 contracts
Samples: Financing and Security Agreement (Spacehab Inc \Wa\), Financing and Security Agreement (Spacehab Inc \Wa\)
Method of Accounting; Fiscal Year. Borrowers will notThe Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to Lender the Agent under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower’s accountants shall furnish such information as Lender the Agent may request to reconcile the changes with Borrowers’ the Borrower’s prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31.
Appears in 2 contracts
Samples: Financing and Security Agreement (Dcap Group Inc), Financing and Security Agreement (Dcap Group Inc)
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) it will not change their its fiscal year from a year ending on December January 31.
Appears in 2 contracts
Samples: Financing Agreement (Argan Inc), Financing and Security Agreement (Argan Inc)
Method of Accounting; Fiscal Year. Borrowers The Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 4.1.10 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notThe Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 5.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing Agreement (Trex Co Inc)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrowers shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements)) of this Agreement, unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) The Borrowers will not change their fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notThe Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to Lender the Agent and Lenders under the provisions of Section 6.1.1 (Financial Statements)) of this Agreement, unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as Lender the Agent and the Lenders may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Reunion Industries Inc)
Method of Accounting; Fiscal Year. Borrowers The Borrower will not:
(a) not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 4.1.11 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower’s accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower’s prior financial statements.
(b) change their fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Pec Solutions Inc)
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31June 30.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 5.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) it will not change their its fiscal year from a year ending on December March 31.
Appears in 1 contract
Samples: Financing Agreement (Polk Audio Inc)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower’s accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower’s prior financial statements.
(b) The Borrower will not change their its fiscal year from a year ending on December 31September 30.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will not:
(a) Each Obligor agrees that: it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowersthe Obligors’ accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowersthe Obligors’ prior financial statements.
(b) ; and it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Optelecom-Nkf, Inc.)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) The Borrower will not change their its fiscal year from a year ending on December 31September 30.
Appears in 1 contract
Samples: Financing and Security Agreement (Sensys Technologies Inc)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrowers shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements)) of this Agreement, unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) The Borrowers will not change their the fiscal year of the Borrowers from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Paradise Color Inc)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) The Borrower will not change their its fiscal year from a year ending on December March 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to Lender under the provisions of Section 6.1.1 7.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ Borrower's accountants shall furnish such information as Lender may request to reconcile the changes with Borrowers’ Borrower's prior financial statements.
(b) change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Gp Strategies Corp)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) Each Obligor agrees that: it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Obligors' accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Obligors' prior financial statements.
(b) ; and it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to Lender the Administrative Agent under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as Lender the Administrative Agent reasonably may request to reconcile the changes with the Borrowers’ ' prior financial statements.; and
(b) it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 5.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) Without the prior written consent of the Lender, the Borrower will not change their fiscal year from a year ending on December 31April 30.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers The Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 3.1.11 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notEach Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to Lender the Administrative Agent under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as Lender the Administrative Agent reasonably may request to reconcile the changes with the Borrowers’ ' prior financial statements.
; and (b) it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers The Borrower will not:
(a) not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 4.1.11 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) change their fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Pec Solutions Inc)
Method of Accounting; Fiscal Year. Borrowers Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to Lender under the provisions of Section 6.1.1 5.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ accountants shall furnish such information as Lender may request to reconcile the changes with Borrowers’ prior financial statementsGAAP.
(b) change their fiscal year from a year ending on December 31.
Appears in 1 contract
Method of Accounting; Fiscal Year. None of the Borrowers will notwill:
(a) change the method of accounting employed in the preparation of any financial statements furnished to Lender the Agent under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ accountants shall furnish such information as Lender the Agent may request to reconcile the changes with the Borrowers’ prior financial statements.
(b) change their its fiscal year from a year ending on December 3131st.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) The Borrower will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Weston Roy F Inc)
Method of Accounting; Fiscal Year. None of the Borrowers will notwill:
(a) change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) change their its fiscal year from a year ending on December 3131st.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers will notThe Borrower agrees that:
(a) it shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements)) of this Agreement, unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) it will not change their its fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Chatwins Group Inc)
Method of Accounting; Fiscal Year. Borrowers will not:
(a) The Borrower shall not change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ the Borrower's accountants shall furnish such information as the Lender may request to reconcile the changes with Borrowers’ the Borrower's prior financial statements.
(b) The Borrower will not change their its fiscal year from a year ending on December 31September 30.
Appears in 1 contract
Method of Accounting; Fiscal Year. None of the Borrowers will notwill:
(a) change the method of accounting employed in the preparation of any financial statements furnished to Lender the Agent under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ ' accountants shall furnish such information as Lender the Agent may request to reconcile the changes with the Borrowers’ ' prior financial statements.
(b) change their its fiscal year from a year ending on December 3131st.
Appears in 1 contract
Method of Accounting; Fiscal Year. Borrowers Borrower will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that Borrowers’ Borrower’s accountants shall furnish such information as Lender may request to reconcile the changes with Borrowers’ Borrower’s prior financial statements.
(b) change their its fiscal year from a year ending on December 31September 30th.
Appears in 1 contract
Samples: Financing and Security Agreement (Liquidity Services Inc)
Method of Accounting; Fiscal Year. The Borrowers will not:
(a) change the method of accounting employed in the preparation of any financial statements furnished to the Lender under the provisions of Section 6.1.1 (Financial Statements), unless required to conform to GAAP and on the condition that the Borrowers’ accountants shall furnish such information as the Lender may request to reconcile the changes with the Borrowers’ prior financial statements.
(b) change their fiscal year from a year ending on December 31.
Appears in 1 contract
Samples: Financing and Security Agreement (Gp Strategies Corp)