Accounting Changes, Etc Sample Clauses
The 'Accounting Changes, etc' clause defines how changes in accounting principles, policies, or practices are handled within the context of the agreement. It typically requires parties to maintain consistent accounting methods unless a change is mandated by law or a recognized accounting authority, such as GAAP or IFRS. This clause ensures that financial statements and reports remain comparable over time, preventing parties from manipulating results through arbitrary changes in accounting methods and thereby promoting transparency and reliability in financial reporting.
Accounting Changes, Etc. The Borrower will not, and will not permit any Subsidiary to, (a) make any material change in GAAP accounting treatment or reporting practices other than any changes or reporting practices either (i) required by GAAP or (ii) necessary or advisable in the Borrower’s reasonable discretion to maintain compliance with GAAP or change its fiscal year (provided, however, that any Subsidiary may change its fiscal year to match the fiscal year of the Borrower), or (b) amend, modify or change any of its Constituent Documents in any manner materially adverse in any respect to the rights or interests of the Lender.
Accounting Changes, Etc. The Borrower will not, nor will it permit any Subsidiary to, (a) make any change in accounting treatment or reporting practices, except as permitted by GAAP, or change its fiscal year, (b) amend, modify or change any of its Constituent Documents in any manner that could reasonably be expected to be materially adverse in any respect to the rights or interests of the Lenders, or (c) amend, modify or change any of the loan documents evidencing any Subordinated Debt in any manner prohibited by the Subordination Agreement.
Accounting Changes, Etc. Make or permit, or permit any of its ----------------------- Subsidiaries to make or permit, any change in (i) its accounting policies or reporting practices, except as required by applicable Requirements of Law or by GAAP, or (ii) its Fiscal Year.
Accounting Changes, Etc. Make or permit, or permit any of its Subsidiaries to make or permit, any change in (i) its accounting policies or reporting practices, except (A) as required by generally accepted accounting principles in effect at the time of such change or by applicable Requirements of Law or (B) as the Borrower (in consultation with its independent public accountants) reasonably believes it will be required to adopt under generally accepted accounting principles within the next succeeding 12 months and which would not affect any of the covenants set forth in Section 5.04 (or the computation thereof) or (ii) its Fiscal Year.
Accounting Changes, Etc. Make any change in (i) accounting policies or reporting practices, except as required by Mexican GAAP or (ii) its fiscal year.
Accounting Changes, Etc. The Borrower will not make or permit, or permit any Subsidiary to make or permit, any change in (i) any of its accounting policies affecting the presentation of financial statements or reporting practices, except as required or permitted by GAAP or (ii) its fiscal year.
Accounting Changes, Etc. No Credit Party shall, or shall permit any Restricted Subsidiary to, at any time:
Accounting Changes, Etc. No Credit Party shall, or shall permit any Restricted Subsidiary to, at any time: