Common use of Preparation and Maintenance of Books and Records Clause in Contracts

Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board determines is permissible and would be in the best interests of the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Stonemor Partners Lp), Limited Liability Company Agreement (Axar Capital Management L.P.), Limited Liability Company Agreement (Stonemor Partners Lp)

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Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board determines Members determine is permissible and would be in the best interests of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hiland Holdings GP, LP), Limited Liability Company Agreement (Hiland Partners, LP)

Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s 's business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s 's books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board determines Members determine is permissible and would be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hiland Holdings GP, LP)

Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s 's business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s 's books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board determines is permissible and would be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hiland Partners, LP)

Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board Company determines is permissible and would be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Georesources Inc)

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Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s 's business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s 's books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board Company determines is permissible and would be in the best interests of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Markwest Energy Partners L P)

Preparation and Maintenance of Books and Records. The Company shall prepare and maintain records and books of account covering such matters relative to the Company’s 's business as are usually entered into records and books of account maintained by limited liability companies engaged in businesses of like character. The Company’s 's books and records shall be maintained in accordance with partnership accounting practices and procedures and shall incorporate such method of tax accounting as the Board Company determines is permissible and would be in the best interests of the Company.. COMPANY DOCUMENTATION REQUIREMENTS. The Company shall keep at its principal office the following:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Markwest Energy Partners L P)

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