No Changes in Fiscal Year Sample Clauses
The "No Changes in Fiscal Year" clause establishes that the fiscal year period used by a party, typically for accounting and financial reporting, must remain consistent throughout the duration of the agreement. In practice, this means that the party cannot alter the start or end dates of its fiscal year without prior consent or notification, ensuring that all financial statements and obligations are measured against a stable and predictable timeframe. This clause is essential for maintaining consistency in financial reporting and analysis, preventing confusion or manipulation that could arise from shifting fiscal periods.
No Changes in Fiscal Year. The fiscal year of the Borrower and its Subsidiaries ends on December 31 of each year; and the Borrower shall not, nor shall it permit any Subsidiary to, change its fiscal year from its present basis.
No Changes in Fiscal Year. Neither the Company nor any Subsidiary shall change its fiscal year from its present basis without the prior written consent of the Required Lenders, such consent not to be unreasonably withheld.
No Changes in Fiscal Year. The Borrower shall not, nor shall it permit any Subsidiary to, change its fiscal year from its present basis.
No Changes in Fiscal Year. The Borrower shall not, nor shall it permit any Restricted Subsidiary to, change its fiscal year for financial reporting purposes from its present basis without the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld); provided that in the event that the Administrative Agent shall so consent to such change, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting.
No Changes in Fiscal Year. The Borrower shall not change its fiscal year from its present basis without the prior written consent of the Required Banks.
No Changes in Fiscal Year. The Fiscal Year of Whitestone REIT, the Borrower and its Subsidiaries ends on December 31 of each year; and the Borrower shall not, nor shall it permit Whitestone REIT or any Subsidiary to, change its fiscal year from its present basis.
No Changes in Fiscal Year. The fiscal year of the Company and its Subsidiaries ends on October 31 of each year; and the Company shall not, nor shall it permit any Subsidiary to, change its fiscal year from its present basis unless required by law to do so.
No Changes in Fiscal Year. The fiscal year of Borrower ends on June 30 of each year; and Borrower shall not change its fiscal year from its present basis.
No Changes in Fiscal Year. Not change its fiscal year for financial reporting purposes from its present basis without the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld) (other than with respect to any Restricted Subsidiary acquired after the Closing Date, and in such case only to the extent necessary to conform to the fiscal year of the Borrower); provided that in the event that the Administrative Agent shall so consent to such change, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting (without the consent of any Lender or any other party to this Agreement).
No Changes in Fiscal Year. Change Company’s or any Subsidiary’s fiscal year from December 31 without the Administrative Agent’s prior written consent.