Common use of Company Operating Agreement Clause in Contracts

Company Operating Agreement. True and complete information regarding the state of the business and financial condition of the Company; * Promptly after becoming available, a copy of the Company federal, state, and local income tax returns, if any, for each year; and * Other information regarding the affairs of the Company as is just and reasonable. As stated above, a Member shall have the right, during ordinary business hours, to inspect and copy the company documents listed above at the Members expense. But, the Member must give seven (7) days notice to the Manager of such Members intent to inspect and/or copy the documents, and may only inspect and copy such Company documents for a purpose reasonably related to the Members Interest in the Company as approved by the Manager. The Company may impose a reasonable charge, limited to the costs of labor and material, for copies of records furnished. The Company may elect, at is option, to provide the requested document electronically. To the extent allowed by law, the Manager shall honor requests of Members to keep their contact information confidential.