Changes to Fiscal Year and accounting policies. The Borrower and each of the Guarantors shall not (i) change its Fiscal Year without the prior written consent of the Required Lenders or (ii) make or permit any change in accounting policies affecting (a) the presentation of financial statements or (b) reporting practices, except in either case in accordance with US GAAP or pursuant to the requirements of applicable laws or regulations.
Appears in 2 contracts
Sources: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.)
Changes to Fiscal Year and accounting policies. The Each of the Borrower and each of the Guarantors Guarantor shall not (i) change its Fiscal Year without the prior written consent of the Required Lenders or (ii) make or permit any change in accounting policies affecting (ai) the presentation of financial statements or (bii) reporting practices, except in either case in accordance with US GAAP IFRS or pursuant to the requirements of applicable laws or regulations.
Appears in 1 contract