Examples of Accounting Reference Period in a sentence
No alteration may be made to its Accounting Reference Period or Accounting Quarters without the prior written consent of the Agent (which consent shall not be unreasonably withheld).
At the request of the Agent, the Obligors shall within 120 days after the close of each Accounting Reference Period, hold a meeting at a time and place selected by the Obligors and reasonably acceptable to the Agent, with all of the Lenders at which meeting shall be reviewed the financial results of the previous fiscal year, the financial condition of the Obligors and the Operating Budget for the then current fiscal year of the Obligors.
Tax and deferred tax - Tax in the Completion Accounts shall be calculated as if the Completion Accounts Date were an Accounting Reference Period.
In clause 9.5(a) (Application of Prepayments) the following provision shall be inserted between the words “pro rata” and “;”: Provided that in the case of prepayments constituted by the Fixed Cash sweep under clause 9.3 (Cash Sweep) such prepayments shall be applied firstly against the next most immediate instalment set out in clause 8.1 (Repayment of Term Advances) subsequent to the Accounting Reference Period ending 31 December 2000 and not applied pro rata against the outstanding Term Advances.
Each such budget shall contain, inter alia, (in such detail as the Lead Bank reasonably considers to be necessary) the aggregate amount of Capital Expenditure (separately specifying individual items of Capital Expenditure in excess of $5,000,000) intended to be incurred by the Tobacco Group during that Accounting Reference Period.