Common use of Books and Records; Accounting Method; Fiscal Year Clause in Contracts

Books and Records; Accounting Method; Fiscal Year. (a) The Managing Member shall keep or cause to be kept at the address of the Managing Member (or, in accordance with applicable law, at such other place as the Managing Member shall determine in its discretion) full and accurate books and records of the Company. Subject to Section 2.09.(b), such books and records shall be available, upon ten (10) business days’ notice to the Managing Member, for inspection at the offices of the Managing Member (or such other location designated by the Managing Member, in its discretion) at reasonable times during business hours on any business day by each Non-Managing Member or its duly authorized agents or representatives for a purpose reasonably related to such Non-Managing Member’s interest in the Company. Each Non-Managing Member agrees that (i) such books and records contain confidential information relating to the Company and its affairs, and (ii) the Managing Member shall have the right pursuant to Section 17-305 of the Delaware Act to prohibit or otherwise limit, in its reasonable discretion, the making of any copies of such books and records.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC), Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC), Limited Liability Company Operating Agreement (DLP Positive Note Fund LLC)

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