Changes in Accounting Methods Clause Samples
The "Changes in Accounting Methods" clause defines the procedures and requirements for altering the accounting principles or practices used by a party, typically within a contractual or financial reporting context. This clause often requires that any change in accounting methods must be approved by relevant stakeholders or comply with generally accepted accounting principles (GAAP), and may obligate the party to notify others of such changes in advance. Its core function is to ensure consistency and transparency in financial reporting, preventing unexpected shifts that could affect the interpretation of financial statements or contractual obligations.
Changes in Accounting Methods. Make any change in its accounting method as in effect on the date of this Agreement or change its fiscal year ending date from December 31, unless such changes (a) are required for conformity with generally accepted accounting principles and, in such event, the Company will give prior written notice of each such change to the Lender or (b) or if not so required, are in conformity with generally accepted accounting principles and have the prior written approval of the Lender which approval shall not be unreasonably withheld.
Changes in Accounting Methods. The Company shall not, and shall not permit any of its Subsidiaries to, materially change financial accounting policies or procedures or any of its methods of reporting income, deductions or other material items for financial accounting purposes, except as required by GAAP, SEC rule or policy or applicable Law;
Changes in Accounting Methods. Borrower will not, and will not permit any Subsidiary to, make any change in its accounting method as in effect on the Closing Date or change its fiscal year ending date from December 31 of each year, unless such change has the prior, written approval of Lender.
Changes in Accounting Methods. Parent shall not, and shall not permit any of its Subsidiaries to, materially change financial accounting policies or procedures or any of its methods of reporting income, deductions or other material items for financial accounting purposes, except as required by GAAP, SEC rule or policy or applicable Law;
Changes in Accounting Methods. Borrower will not make any change in its accounting method as in effect on the date of this Agreement or change its fiscal year ending date from August 31, unless such changes have been determined by the independent certified public accountants described in Section 4.01(a) to be appropriate, and Lender has been given prior written notice of such changes.
Changes in Accounting Methods. Except as required by GAAP, make any change in accounting methods, principles or practices;
Changes in Accounting Methods. So long as consistent with GAAP and first disclosed to Lender, in writing, Borrower may, and may permit any Subsidiary to, make any change in its accounting method as in effect on the date of this Agreement or change its fiscal year ending date.
Changes in Accounting Methods. The Seller will not make any change in its accounting method as in effect on the date of this Agreement or change its fiscal year ending date from December 31, unless such changes have the prior written approval of CSI.
Changes in Accounting Methods. The Company shall not modify or change any method of accounting used by it in the preparation of its audited financial statements for its first completed fiscal year.
Changes in Accounting Methods. 36 7.13 No Sales, Leases or Dispositions of Property...................36 7.14 Changes in Business or Assets..................................36 7.15 Changes in Office or Inventory Location........................36 7.16