Common use of Ordinary Conduct of Business Clause in Contracts

Ordinary Conduct of Business. No Credit Party shall, or shall permit any of its Subsidiaries that are Restricted Subsidiaries to: (i) engage in any business other than the Business, (ii) change its Fiscal Year or its method of determining its fiscal quarters or (iii) make or permit any material change in its accounting policies or reporting practices, except as required by a change in applicable accounting principles; provided that in the case of any such change, the Credit Parties shall promptly notify the Administrative Agent thereof and enter into such amendments of the financial ratios, definitions and/or related tests contained herein as the Required Lenders may reasonably request as a result of such change so as to preserve the intent of such provisions.

Appears in 4 contracts

Samples: Credit Agreement (Axtel Sab De Cv), Assignment and Assumption (Axtel Sab De Cv), Credit Agreement (Axtel Sab De Cv)

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