Maintenance of Books and Records Etc Clause Samples
The "Maintenance of Books and Records" clause requires a party, typically a business or service provider, to keep accurate and complete records related to the agreement. This includes maintaining financial documents, transaction logs, and other relevant paperwork for a specified period, often in accordance with legal or industry standards. The clause may also grant the other party the right to inspect or audit these records to ensure compliance. Its core function is to promote transparency and accountability, helping to prevent disputes and ensure that all parties can verify performance and obligations under the contract.
Maintenance of Books and Records Etc. The Company shall maintain books and records in such a manner as to enable the preparation of the Company’s federal information tax return in compliance with Section 6031 of the Code, and such other records as may be required in connection with the preparation and filing of the Company’s required federal, state and local income tax returns or other tax returns or reports of foreign jurisdictions, including, without limitation, the records reflecting the Capital Accounts and adjustments thereto specified in Section 3. All such books and records shall at all times be made available at the principal office of the Company and shall be open to the reasonable inspection and examination of the Members or their duly authorized representatives during normal business hours.
Maintenance of Books and Records Etc. The Partnership shall maintain books and records on the basis utilized in preparing the Partnership’s federal income tax return, incorporating the accrual or cash method of accounting, as the General Partners may in their sole discretion determine to be in the best interest of the Partnership, and such other records as may be required in connection with the preparation and filing of the Partnership’s federal and state income tax returns or other tax returns or reports, including, without limitation, the records reflecting the Capital Accounts and allocations thereto specified in Article 3. All such books and records shall at all times be made available at the principal office of the Partnership and shall be open to the reasonable inspection and examination of the Partners or their duly authorized representatives during normal business hours upon three Business Days’ prior written notice. The Partnership shall promptly furnish a list of names and addresses of all Partners to any Partner who requests such a list in writing for any proper purpose. The General Partners shall be entitled to make any elections for tax purposes, including the election under Section 754 of the Code, as the General Partners may in their sole discretion determine to be in the best interest of the Partnership. The General Partners shall cause to be duly prepared and distributed to the General Partners quarterly reports as to the Partnership’s financial condition and results of operation.
Maintenance of Books and Records Etc. The Partnership shall maintain books and records in such manner as is utilized in preparing the Partnership’s U.S. federal information tax return in compliance with Section 6031 of the Code, and such other records as may be required in connection with the preparation and filing of the Partnership’s required U.S. federal, state, and local income tax returns or other tax returns or reports of foreign jurisdictions, including, without limitation, the records reflecting the Capital Accounts and adjustments thereto specified in ARTICLE V. All such books and records shall at all times be made available at the principal office of the Partnership and shall be open to the reasonable inspection and examination of the Partners or their duly authorized representatives during normal business hours upon five Business Days’ prior written notice.
Maintenance of Books and Records Etc. Section 10.1 Books and Records 11 Section 10.2 Reports to the North Carolina Secretary of State 11
Maintenance of Books and Records Etc. The LLC shall maintain such books and records on the basis utilized in preparing the LLC's federal income tax return, incorporating the accrual or cash method of accounting, as the Board may determine to be in the best interest of the LLC, and such other records as may be required in connection with the preparation and filing of the LLC's federal, state and local income tax returns or other tax returns or reports or to make the computations called for in this Article VII. All such books and records shall at all times be made available at the principal office of the LLC and shall be open to the reasonable inspection and examination of the Members or their duly authorized representatives or designees during normal business hours.
Maintenance of Books and Records Etc. 11 6.2. Federal, State and Local Income Tax Information...........12 6.3.
Maintenance of Books and Records Etc