Common use of Accounting Method Clause in Contracts

Accounting Method. The Company shall keep its accounting records and shall report its profits or losses on the accrual method of accounting in accordance with GAAP.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Williams Scotsman Inc), Limited Liability Company Agreement (Venetian Casino Resort LLC), Limited Liability Company Agreement (Grand Canal Shops Mall Construction LLC)

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Accounting Method. The Company shall keep its accounting records and shall report its profits or losses on the accrual method of accounting in accordance with the principles used by the Company for Federal income tax purposes and otherwise in accordance with Generally Accepted Accounting Principles ("GAAP") and, to the extent inconsistent therewith, in accordance with this Agreement.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (National Crane Corp), Limited Liability Company Agreement (National Crane Corp), Limited Liability Company Agreement (Grove Holdings LLC)

Accounting Method. The Company shall keep its accounting records and shall report its profits Profit or losses Losses on the accrual method of accounting in accordance with GAAPthe principles used by the Company for federal income tax purposes and otherwise in accordance with GAAP consistently applied and, to the extent inconsistent therewith, in accordance with this Agreement.

Appears in 3 contracts

Samples: Joinder Agreement (Roman DBDR Tech Acquisition Corp.), Limited Liability Company Agreement (CompoSecure, Inc.), Limited Liability Company Agreement (Roman DBDR Tech Acquisition Corp.)

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Accounting Method. The Company shall keep its accounting records and shall report its profits Profit or losses Losses on the accrual method of accounting in accordance with GAAPthe principles used by the Company and the Company for federal income tax purposes and otherwise in accordance with GAAP consistently applied and, to the extent inconsistent therewith, in accordance with this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CompoSecure, Inc.), Joinder Agreement (Roman DBDR Tech Acquisition Corp.), Limited Liability Company Agreement (Roman DBDR Tech Acquisition Corp.)

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