Year-end Clause Samples
The 'Year-end' clause defines the specific date or period that marks the conclusion of a fiscal or calendar year for the purposes of the agreement. This clause typically establishes when annual obligations, such as financial reporting, performance reviews, or renewals, must be completed or assessed. By clearly specifying the year-end, the clause ensures all parties have a common understanding of deadlines and reporting periods, thereby preventing confusion and facilitating orderly administration of annual processes.
Year-end. The Borrower shall procure that each financial year-end of each Obligor and each Group Member falls on the Accounting Reference Date.
Year-end. The Borrower shall procure that:
(i) each Financial Year-end of each member of the Group falls on December 31; and
(ii) each Accounting Quarter ends on a Quarter Date.
Year-end. The Company must not change its financial year end.
Year-end. The Borrower may not change its financial year end.
Year-end. No Obligor shall change its financial year end except with prior notice to the Administrative Agent and, in the case of any Obligor other than the Guarantor, prior consent of the Administrative Agent (not to be unreasonably withheld or delayed).
Year-end. The Owner must not change its accounting period or auditors except with the consent of the Facility Agent (acting in accordance with the instructions of the Majority Lenders) which shall not be unreasonably withheld or delayed.
Year-end. Each Obligor shall procure that each of its Financial Year-end falls on 31 December.
Year-end. The Company shall procure that each Financial Year-end of each member of the Group falls on 31 December save where otherwise required by law in any Relevant Jurisdiction.
Year-end. Parent shall not change its Accounting Reference Date or its quarterly accounting period.
Year-end. The Borrower shall not change its financial year-end from the Accounting Reference Date without the consent of the Majority Lenders.