Common use of Records and Books of Account; Changes in GAAP Clause in Contracts

Records and Books of Account; Changes in GAAP. The Company shall, and shall cause its Subsidiaries to, keep adequate records and books of account in conformity with GAAP. The Company and its Subsidiaries shall not change their fiscal year, nor change their method of financial accounting except in accordance with GAAP. In connection with any such change in GAAP after the date hereof, the Company and Lenders shall negotiate in good faith to make appropriate alterations to the covenants set forth in Section 6.1 hereof, reflecting such change.

Appears in 3 contracts

Samples: Credit Agreement (Petsmart Inc), Credit Agreement (Petsmart Inc), Credit Agreement (Petsmart Inc)

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Records and Books of Account; Changes in GAAP. The Company Borrower shall, and shall cause its Subsidiaries to, each Subsidiary to keep adequate records and books of account in conformity with GAAP. The Company and Borrower shall not, nor shall Borrower permit any Subsidiary to change its Subsidiaries shall not change their fiscal yearFiscal Year, nor change their its method of financial accounting except in accordance with GAAP. In connection with any such change in GAAP after the date hereof, the Company Borrower and Lenders shall negotiate in good faith to make appropriate alterations to the covenants set forth in Section 6.1 7.01 hereof, reflecting such change.

Appears in 3 contracts

Samples: Credit Agreement (Northland Cable Television Inc), Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership)

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Records and Books of Account; Changes in GAAP. The Company Borrower shall, and shall cause each of its Subsidiaries to, to keep adequate records and books of account in conformity with GAAP. The Company and Borrower shall not, nor shall Borrower permit any of its Subsidiaries shall not to change their fiscal yearits Fiscal Year, nor change their its method of financial accounting except in accordance with GAAP. In connection with any such change in GAAP after the date hereof, the Company Borrower and Lenders shall negotiate in good faith to make appropriate alterations to the covenants set forth in Section 6.1 7.01 hereof, reflecting such change.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Television Inc)

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