No Change in Accounting Policies Clause Samples

The "No Change in Accounting Policies" clause prohibits a party from altering its established accounting methods or principles during the term of an agreement. In practice, this means that the financial statements and reports provided must consistently follow the same accounting standards as previously used, unless prior written consent is obtained from the other party. This clause ensures consistency and comparability in financial reporting, preventing manipulation or misrepresentation of financial results due to changes in accounting practices.
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No Change in Accounting Policies. Except as required by GAAP, the Company will not, and it will not permit any Subsidiary to, change or introduce any new method of accounting which differs in any substantive respect from the accounting as reflected in the audited financial statements delivered to the Investors hereunder.
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No Change in Accounting Policies. The Company shall not make any change (whether or not material) in the Company's accounting procedures, methods, policies or practices or the manner in which the Company maintains its records.
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No Change in Accounting Policies. The Company will not change its accounting policies except as authorized by the Majority Holders or required by GAAP.
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No Change in Accounting Policies. Other than as set forth in the Company Filings, there has been no change in accounting policies or practices of the Company or any of its Subsidiaries since January 1, 2019.
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No Change in Accounting Policies. Neither RoweCom nor NewsEdge may take any action, other than as required by GAAP, to change accounting policies or procedures (including, without limitation, procedures with respect to revenue recognition, capitalization of software development costs, payments of accounts payable and collection of accounts receivable).
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No Change in Accounting Policies. The Borrower will not change its accounting policies except as authorized by the Required Lenders or required by GAAP.
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No Change in Accounting Policies. Buyer agrees that, until the Final Closing Balance Sheet has been mutually approved by both of the parties and the final Purchase Price adjustment has been determined, Buyer will not take any actions with respect to its accounting books, Records, policies and procedures of the Business which would materially impede the preparation of the Closing Balance Sheet on the basis provided in this Agreement. The provisions of this Section 2.1(f) shall not be deemed to affect in any manner whatsoever the calculations of reserves by the parties pursuant to Section 2.1(d) hereof.
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Related to No Change in Accounting Policies

  • Accounting Policies There has been no change in accounting policies or practices of the Company since December 31, 2019, other than as disclosed in the Company Financial Statements.

  • Change in Accountants or Accounting Policy Any change in (i) the external accountants of the Borrower, the Servicer, any Originator or the Parent, (ii) any accounting policy of the Borrower or (iii) any material accounting policy of any Originator that is relevant to the transactions contemplated by this Agreement or any other Transaction Document (it being understood that any change to the manner in which any Originator accounts for the Pool Receivables shall be deemed “material” for such purpose).

  • SIGNIFICANT ACCOUNTING POLICIES The Company prepared the interim financial statements with the same accounting policies used in the preparation of the annual financial statements for the year ended December 31, 2016.

  • Critical Accounting Policies The section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Time of Sale Prospectus and the Prospectus accurately and fairly describes (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require management’s most difficult subjective or complex judgment; (ii) the material judgments and uncertainties affecting the application of critical accounting policies and estimates; (iii) the likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof; (iv) all material trends, demands, commitments and events known to the Company, and uncertainties, and the potential effects thereof, that the Company believes would materially affect its liquidity and are reasonably likely to occur; and (v) all off-balance sheet commitments and arrangements of the Company and its Controlled Entities, if any. The Company’s directors and management have reviewed and agreed with the selection, application and disclosure of the Company’s critical accounting policies as described in the Registration Statement, the Time of Sale Prospectus and the Prospectus and have consulted with its independent accountants with regards to such disclosure.

  • Change in Accounting Principles If, after the date of this Agreement, there shall occur any change in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the Required Lenders may by written notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.