Name, Fiscal Year Clause Samples
The "Name, Fiscal Year" clause defines the official name of the contracting parties and establishes the specific 12-month period that constitutes the fiscal year for the agreement. Typically, this clause clarifies whether the fiscal year aligns with the calendar year or follows a different schedule, such as July 1 to June 30. By specifying these details, the clause ensures that all references to the parties and to financial periods within the contract are unambiguous, thereby preventing confusion regarding reporting obligations, deadlines, and financial calculations.
Name, Fiscal Year. The Borrower shall not change its name or its fiscal year without providing prior written notice to the Administrative Agent.
Name, Fiscal Year. Neither the Borrower nor any Main Subsidiary will change its name or its Fiscal Year, except with the prior written approval of the Lenders (not to be unreasonably conditioned, withheld or delayed).
Name, Fiscal Year. Change its name or its jurisdiction of organization without written notice to Administrative Agent at least thirty (30) days prior to such change, or change its fiscal year without the prior written consent of Administrative Agent (such consent not to be unreasonably withheld or delayed).