Common use of Reports and Audits Clause in Contracts

Reports and Audits. (a) Promptly upon request, the Company shall, at the cost and expense of the Company, furnish, or cause to be furnished, to each Member holding in excess of ten percent (10%) of the Common Membership Interests such information relating to the financial condition, operations of the Company or any other aspect of the Company or its business in possession of the Company as any such Member may from time to time reasonably request, excluding access to information that is privileged or that is subject to restrictions of Law on such access.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC), Limited Liability Company Operating Agreement

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Reports and Audits. (a) Promptly upon request, the Company shall, at the its cost and expense of the Companyexpense, furnish, or cause to be furnished, to each Member holding in excess of ten percent (10%) or more of the Common Membership Interests such information relating to the financial condition, operations of the Company or any other aspect of the Company or its business in possession of the Company as any such Member may from time to time reasonably request, excluding access to information that is privileged or that is subject to restrictions of Law on such access.

Appears in 5 contracts

Samples: LLC Operating Agreement, Operating Agreement (Chrysler Group LLC), Operating Agreement (Chrysler Group LLC)

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Reports and Audits. (a) Promptly upon request, the Company shall, at the its cost and expense of the Company, furnish, or cause to be furnished, to each Member holding in excess of ten percent (10%) or more of the Common Membership Interests such information relating to the financial condition, operations of the Company or any other aspect of the Company or its business in possession of the Company as any such Member may from time to time reasonably request, excluding access to information that is privileged or that is subject to restrictions of Law on such access.

Appears in 2 contracts

Samples: Shareholders Agreement, Operating LLC Agreement

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