Common use of Conduct of Business; Accounting and Reporting Practices Clause in Contracts

Conduct of Business; Accounting and Reporting Practices. The Borrower shall not and shall not permit any of the Borrower's Subsidiaries (a) other than Unrestricted Subsidiaries, to engage in any business other than (i) the businesses engaged in by the Borrower and the Borrower's Subsidiaries on the Closing Date and (ii) any business or activities which are sub-stantially similar, related or incidental thereto, or (b) change any of its or their accounting or financial reporting policies or practices from those in effect on the Closing Date, except to the extent required to provide the financial reporting described in Section 8.01(a).

Appears in 1 contract

Sources: Credit Agreement (Fairchild Corp)

Conduct of Business; Accounting and Reporting Practices. The Borrower shall not and shall not permit any of the Borrower's Subsidiaries Subsidiaries (including, without limitation, any Technologies Company) to (a) other than Unrestricted Subsidiaries, to engage in any business other than (i) the businesses engaged in by the Borrower and the Borrower's Subsidiaries on the Closing Effective Date and (ii) any business or activities which are sub-stantially substantially similar, related or incidental thereto, or (b) change any of its or their accounting or financial reporting policies or practices from those in effect on the Closing Effective Date, except to the extent required to provide the financial reporting described in Section 8.01(a8.01(a)(ii).

Appears in 1 contract

Sources: Credit Agreement (Rhi Holdings Inc)