Accounting Basis and Fiscal Year. The LLC’s books shall be kept on the accrual method of accounting, or on such other method of accounting as the Managing Member may from time to time determine, and shall be closed and balanced at the end of each fiscal year of the LLC. The fiscal year of the LLC shall be the 12-month period ending on July 31 of each year.
Accounting Basis and Fiscal Year. The books of the Partnership (a) shall be kept on an accrual basis in accordance with GAAP, (b) shall reflect all Partnership transactions, (c) shall be appropriate and adequate for the Partnership's business and for the carrying out of all provisions of this Agreement, and (d) shall be closed and balanced as of the end of each fiscal year, as soon as practicable after the end of such fiscal year. The fiscal year of the Partnership shall be January 1 through December 31 of each year or such other fiscal year that may be selected with the unanimous approval of the Management Committee.
Accounting Basis and Fiscal Year. The books of account of the Company shall be kept using appropriate accounting methods, as determined by the Manager, unless otherwise required by law, and shall be closed and balanced at the end of each Company year. The fiscal year of the Company shall end on December 31st of each year, unless otherwise elected by the Manager.
Accounting Basis and Fiscal Year. The Company's books shall be kept on the accrual method of accounting. The fiscal year of the Company shall be the calendar year.
Accounting Basis and Fiscal Year. The Partnership's books of account shall be kept on the tax basis accrual method of accounting, or on such other method of accounting as the General Partners may from time to time determine, and shall be dosed and balanced at the end of each Partnership year. The same method of accounting shall be used for both Partnership accounting and tax purposes. The fiscal year of the Partnership shall be the calendar year.
Accounting Basis and Fiscal Year. The books and records of the Partnership shall be kept on the accrual method. The Partnership will use a fiscal year identical to its taxable year. Unless permission is granted by the Internal Revenue Service to use a taxable year other than the calendar year, the Partnership will use a calendar year taxable year.
Accounting Basis and Fiscal Year. Such books (i) shall be maintained according to U.S. generally accepted accounting principles, consistently applied (“GAAP”), (ii) shall reflect all Company transactions, (iii) shall be appropriate and adequate for the Company’s business and for carrying out all provisions of this Agreement, and (iv) shall be closed, balanced and audited or reviewed (as the Members or the Board may determine) as of the end of each fiscal year, as soon as practicable after the end of such fiscal year. The fiscal year of the Company shall end on December 31.
Accounting Basis and Fiscal Year. The Company’s books and records shall be closed and balanced at the end of each Fiscal Year. For financial reporting purposes, the books and records of the Company shall be kept on the accrual method of accounting and applied in a consistent manner in accordance with generally accepted accounting principles in the United States. The accrual method of accounting shall be used for both Company and tax accounting purposes. The Fiscal Year of the Company shall be the 12-month period ending December 31.
Accounting Basis and Fiscal Year. The Partnership shall prepare its financial statements in accordance with generally accepted accounting principles as from time to time are in effect on a calendar year basis, taking account of the allocations in Article IV, and shall prepare its income tax information returns using the accrual method of accounting on a calendar year basis.
Accounting Basis and Fiscal Year. The Company shall operate on a calendar fiscal year-end basis unless otherwise determined by the Board and shall use such method of accounting and make any elections as shall be determined by the Board.
