Common use of Reporting Methodology Clause in Contracts

Reporting Methodology. The Borrower shall not amend or modify the methodology employed by the Borrower in preparing its accounting and financial reports relating to the presentation of (i) the delinquency of Vehicle Contracts, (ii) the repossession of Vehicles, (iii) the charge-off of delinquent Vehicle Contracts and (iv) the unearned insurance commissions and dealer discounts from the methodology employed by the Borrower as of the Closing Date so as to change the consistency of the information with respect to such items, from time to time, provided to Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Nicholas Financial Inc)

Reporting Methodology. The Borrower shall not amend or modify the methodology employed by the Borrower in preparing its accounting and financial reports relating to the presentation of (i) the delinquency of Vehicle Contracts, (ii) the repossession of Vehicles, (iii) the charge-off of delinquent Vehicle Contracts and (iviii) the unearned insurance commissions and dealer discounts from the methodology employed by the Borrower as of the Closing Date so as to change the consistency of the information with respect to such items, from time to time, provided to Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (TFC Enterprises Inc)