Common use of Change in Accounting Clause in Contracts

Change in Accounting. No Borrower shall, and no Borrower shall suffer or permit any of its Subsidiaries to, (i) make any significant change in accounting treatment or reporting practices, except as permitted or required by GAAP or IFRS, as applicable, (ii) change its accounting treatment or reporting practices hereunder from GAAP to IFRS or from IFRS to GAAP without providing Agent (x) prior written notice of such change and (y) for the reporting period immediately following such change, such documentation as Agent may from time to time reasonably request setting forth in comparative form the corresponding figures for the corresponding period under the previously used accounting principles or (iii) change the fiscal year or method for determining fiscal quarters of any Credit Party or of any consolidated Subsidiary of any Credit Party.