Common use of Reports to Members Clause in Contracts

Reports to Members. Within 90 days after the end of each LLC fiscal ------------------ year, the Class B Members shall cause the LLC to furnish to each Member (i) such information as may be needed to enable the Members to file their federal income tax returns and any required state income tax returns, and (ii) an unaudited balance sheet of the LLC as of the last day of such fiscal year, and unaudited financial statements of the LLC for such fiscal year. The cost of such reporting shall be paid by the LLC as a LLC expense. Any Member may, at any time, at its own expense, cause an audit of the XXX xxxxx to be made by a certified public accountant of its own selection. All expenses incurred by such accountant shall be borne by such Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cmgi Inc), Limited Liability Company Agreement (Cmgi Inc)

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Reports to Members. Within 90 days after the end of each LLC fiscal ------------------ year, the Class B Managing Members shall cause the LLC to furnish to each Member (i) such information as may be needed to enable the Members to file their federal income tax returns and any required state income tax returns, and (ii) an unaudited audited balance sheet of the LLC as of the last day of such fiscal year, and unaudited audited financial statements of the LLC for such fiscal year. The cost of such reporting shall be paid by the LLC as a LLC expense. Any Member may, at any time, at its own expense, cause an audit of the XXX xxxxx to be made by a certified public accountant of its own selection. All expenses incurred by such accountant shall be borne by such Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cmgi Inc)

Reports to Members. Within 90 days after the end of each LLC fiscal ------------------ year, the Class B Members shall cause the LLC to furnish to each Member (i) such information as may be needed to enable the Members to file their federal income tax returns and any required state income tax returns, and (ii) an unaudited a balance sheet of the LLC as of the last day of such fiscal year, and unaudited financial statements of the LLC for such fiscal year, none of which need be audited. The cost of such reporting shall be paid by the LLC as a LLC expense. Any Member may, at any time, at its own expense, cause an audit of the XXX xxxxx to be made by a certified public accountant of its own selection. All expenses incurred by such accountant shall be borne by such Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cmgi Inc)

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Reports to Members. Within 90 days after the end of each LLC fiscal ------------------ year, the Class B Managing Members shall cause the LLC to furnish to each Member (i) such information as may be needed to enable the Members to file their federal income tax returns and any required state income tax returns, and (ii) an unaudited audited balance sheet of the LLC as of the last day of such fiscal year, and unaudited audited financial statements of the LLC for such fiscal year. The cost of such reporting shall be paid by the LLC as a LLC expense. Any Member may, at any time, at its own expense, cause an audit of the XXX xxxxx to be made by a certified public accountant of its own selection. All expenses incurred by such accountant shall be borne by such Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cmgi Inc)

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