Common use of Changes in Accounting Principles Clause in Contracts

Changes in Accounting Principles. If the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in Accounting Principles or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in Accounting Principles or in the application thereof, then such provision shall be interpreted on the basis of Accounting Principles as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

Appears in 2 contracts

Sources: Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.)

Changes in Accounting Principles. If the Borrower notifies the Administrative Agent Lender that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date hereof in Accounting Principles or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in Accounting Principles or in the application thereof, then such provision shall be interpreted on the basis of Accounting Principles as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

Appears in 1 contract

Sources: Loan Agreement (Arcadia Biosciences, Inc.)

Changes in Accounting Principles. If the Borrower notifies Borrowers notify the Administrative Agent that the Borrower requests Borrowers request an amendment to any provision hereof to eliminate the effect of any change occurring after the Original Closing Date in Accounting Principles or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in Accounting Principles or in the application thereof, then such provision shall be interpreted on the basis of Accounting Principles as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.. #4889-1846-1214

Appears in 1 contract

Sources: Credit Agreement (Atlas Corp.)