Common use of Changes in Fiscal Year and Accounting Procedures Clause in Contracts

Changes in Fiscal Year and Accounting Procedures. The Lessee shall not, without the prior written consent of the Lessor, in each instance, which consent may be withheld in the Lessor's reasonable discretion (a) change its fiscal year or capital structure or (b) change, alter, amend or in any manner modify, except in accordance with GAAP, any of its current accounting procedures related to the method of revenue recognition, billing procedures or determinations of doubtful accounts or bad debt expenses nor will the Lessee permit any of its Subsidiaries to change its fiscal year or suffer or permit any circumstance to exist in which any Subsidiary is not wholly-owned, directly or indirectly, by the Lessee.

Appears in 7 contracts

Samples: Development and Turnkey Services Agreement (Standish Care Co), 103 Facility Lease Agreement (Carematrix Corp), Development Agreement (Standish Care Co)

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Changes in Fiscal Year and Accounting Procedures. The Lessee shall not, without the prior written consent of the Lessor, in each instance, which consent may be withheld in the Lessor's reasonable discretion (a) change its fiscal year or capital structure or (b) change, alter, amend or in any manner modify, except in accordance with GAAP, any of its current accounting procedures related to the method of revenue recognition, billing procedures or determinations of doubtful accounts or bad debt expenses nor will will-the Lessee permit any of its Subsidiaries to change its fiscal year or suffer or permit any circumstance to exist in which any Subsidiary is not wholly-owned, directly or indirectly, by the Lessee.

Appears in 1 contract

Samples: Management Agreement (Capital Senior Living Corp)

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