Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with GAAP (and the Managing Member shall provide the Members such adjustment items that are applicable solely to historical cost GAAP) and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc), Limited Liability Company Agreement (Strategic Hotels & Resorts, Inc)
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with GAAP (and the Managing Member shall provide the Members such adjustment items that are applicable solely to historical cost GAAP) and or on a tax basis basis, as determined by the Executive Committee, and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with GAAP (and the Managing Member shall provide the Members such adjustment items that are applicable solely to historical cost GAAP) and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code.accrual
Appears in 1 contract
Samples: Limited Liability Company Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis maintained in accordance with GAAP (and the Managing Member shall provide the Members such adjustment items that are any other applicable solely to historical cost GAAP) and on a tax basis requirements and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and tax year Fiscal Year may be changed from time to time at the election of the Company shall end on December 31 of each year, unless a different tax year shall be required by Members in accordance with the CodeCode and applicable Regulations.
Appears in 1 contract
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with GAAP (and the Managing Member shall provide the Members such adjustment items that are applicable solely to historical cost GAAP) and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and tax year of the Company for federal income tax purposes shall be the same and shall end on December 31 of each year, unless a different tax year shall be required by the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Home Co LLC)
