No Change to Depreciation Policy. The Borrower will not amend or modify the depreciation policy in effect on the Restatement Date with respect to the Railcars included in the Borrowing Base, except if the resulting depreciation policy shall be in accordance with GAAP (as certified by the Borrower’s independent auditors).
Appears in 3 contracts
Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)
No Change to Depreciation Policy. The Borrower will not amend or modify the depreciation policy in effect on the Restatement Closing Date with respect to the Eligible Railcars included in the Borrowing Base, except if the resulting depreciation policy shall be in accordance with GAAP (as certified by the Borrower’s independent auditors).
Appears in 1 contract
Samples: Revolving Credit Agreement (CAI International, Inc.)
