Common use of Accounting Changes, Etc Clause in Contracts

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.

Appears in 1 contract

Sources: Second Lien Credit Agreement (NGA Holdco, LLC)

Accounting Changes, Etc. The Borrower will not, nor and will it not permit any Subsidiary to, (a) make any material change in accounting treatment or reporting practices, except as permitted by GAAP, or change its fiscal year, or (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.. ​

Appears in 1 contract

Sources: Credit Agreement (Palomar Holdings, Inc.)

Accounting Changes, Etc. The Borrower will shall not, nor will it and must not permit any Subsidiary to, (a) make any material change in accounting treatment or reporting practices, except as permitted by GAAP, practices or change its fiscal year, year or (b) amend, modify or change amend 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 Agreementorganizational documents.

Appears in 1 contract

Sources: Loan Agreement (Cardiovascular Systems Inc)

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 LendersLender, or (c) amend, modify or change any of the loan documents evidencing any Subordinated Debt in any manner prohibited by the Subordination Agreement.

Appears in 1 contract

Sources: Credit Agreement (NGA Holdco, LLC)

Accounting Changes, Etc. The Borrower will not, nor and will it not permit any Subsidiary to, (a) make any significant change in accounting treatment or reporting practices, except as permitted by the income-tax basis of accounting or GAAP (or except to become compliant with GAAP), or change its fiscal year, or (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 AgreementLender.

Appears in 1 contract

Sources: Credit Agreement (New Age Beverages Corp)