Limitation on Changes in Fiscal Year Clause Samples
The Limitation on Changes in Fiscal Year clause restricts a party from altering its fiscal year without prior approval or meeting certain conditions. Typically, this clause requires the party to maintain a consistent fiscal year for the duration of the agreement, and any proposed change must be communicated in advance and may require the consent of the other party or a governing body. Its core function is to ensure financial consistency and transparency, preventing confusion or manipulation that could arise from frequent or unapproved changes to financial reporting periods.
POPULAR SAMPLE Copied 1 times
Limitation on Changes in Fiscal Year. Permit the fiscal year of the Borrower or the Parent to end on a day other than the last Saturday in December.
Limitation on Changes in Fiscal Year. Permit the Fiscal Year of Holdings, the Parent Borrower or RSC to end on a day other than December 31.
Limitation on Changes in Fiscal Year. Permit the fiscal year of the Borrower to end on a day other than December 31.
Limitation on Changes in Fiscal Year. Permit the fiscal year of the Company to end on a day other than December 31.
Limitation on Changes in Fiscal Year. Kimco shall not cause or permit its fiscal year to end on a day other than December 31, unless otherwise required by any applicable law, rule or regulation.
Limitation on Changes in Fiscal Year. Permit the fiscal year of Holdings or the Parent Borrower to end on a day other than a 52 or 53 week Fiscal Year ending on September 30 or the Friday preceding such date; provided that Holdings or the Parent Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Parent Borrower and the Administrative Agent will, and will be authorized by the Lenders to, make any adjustments to the Loan Documents that are necessary to reflect such change in fiscal year.
Limitation on Changes in Fiscal Year. Permit the fiscal year of the Parent to end on a day other than December 31.
Limitation on Changes in Fiscal Year. Permit the fiscal year of EPC to end on a day other than December 31.
Limitation on Changes in Fiscal Year. The Borrower shall not cause, permit or suffer the fiscal year of the Borrower or any of its Subsidiaries to end on a day other than December 31.
Limitation on Changes in Fiscal Year. Permit the fiscal year of ------------------------------------ either of the Borrowers or any of their Subsidiaries to end on a day other than March 31.