Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 3 contracts
Samples: Operating Agreement (Usp Mission Hills, Inc.), Stratus Services Group Inc, Operating Agreement (Murdock Communications Corp)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the cash method of accounting selected (or such other method as approved by the MembersMember) at the close of each Fiscal Year as adjusted and reported on the Company’s tax return filed for federal income tax purposes. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 2 contracts
Samples: Operating Agreement (JFC LLC), Operating Agreement (JFC LLC)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the method of accounting selected adopted by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsCompany.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement, Limited Liability Company Agreement (Horizon Health Corp /De/)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the cash method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 2 contracts
Samples: Operating Agreement (Guardian Technologies International Inc), Operating Agreement (Nelnet Inc)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the accrual method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company and the Members with the greatest tax benefits.
Appears in 2 contracts
Samples: Operating Agreement (Nuverra Environmental Solutions, Inc.), Operating Agreement (Badlands Power Fuels, LLC)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the accrual method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 2 contracts
Samples: Operating Agreement (Homegold Financial Inc), Operating Agreement (Homegold Financial Inc)
Accounting Principles. The profits Net Profits and losses Net Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting selected adopted by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsCompany.
Appears in 2 contracts
Samples: Operating Agreement (Majestic Star Casino LLC), Operating Agreement (Majestic Investor Capital Corp)
Accounting Principles. The profits and losses of the Company shall be Company, as determined in accordance with generally accepted accounting principles applied on a consistent basis using the accrual method of accounting selected by accounting, shall be allocated to the MembersMember. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Tronox Pigments Australia Holdings Pty LTD), Limited Liability Company Agreement (Triple S Minerals Resources Corp)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the cash or accrual method of accounting selected for federal income tax purposes as determined by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsManagers.
Appears in 2 contracts
Samples: Company Agreement (AMFM Broadcasting Licenses, LLC), Company Agreement (AMFM Broadcasting Licenses, LLC)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the accrual method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Shipyard River Coal Terminal Co), Operating Agreement (Tb Woods Corp)
Accounting Principles. The profits Net Income and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the under such method of accounting selected as may be approved by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsBoard.
Appears in 2 contracts
Samples: Operating Agreement (Manhattan Bancorp), Employment Agreement (Manhattan Bancorp)
Accounting Principles. The economic profits and losses and tax items of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the cash receipts and disbursements method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 2 contracts
Samples: Operating Agreement (Advanced Na, LLC), Operating Agreement (Health Diagnostics of New Jersey, LLC)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsApproved Accounting Method.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Blue Holdings, Inc.)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the cash method of accounting selected (or such other method as approved by the unanimous consent of the Members) at the close of each Fiscal Year as adjusted and reported on the Company’s tax return filed for federal income tax purposes. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 1 contract
Samples: Operating Agreement (JFC LLC)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using under the method of accounting selected determined by the MembersManagement Committee for the Company, under a fiscal year also determined by the Management Committee for the Company. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.4.5
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of under generally accepted accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsprinciples.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SFG Capital Corp)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the method of accounting selected determined by the Members. It is intended that the Company will elect those accounting methods which provide the Company Oxxxx in consultation with the greatest tax benefitsTax Matters Partner and the Entity CPA.
Appears in 1 contract
Samples: Operating Agreement (Owens Mortgage Investment Fund a Calif LTD Partnership)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the cash method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Samples: Operating Agreement (KFX Inc)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting selected by the Membersbasis. It is intended that the Company Managers will elect those accounting methods which provide the Company and its Members with the greatest tax benefits.
Appears in 1 contract
Samples: Operating Agreement
Accounting Principles. The profits and losses of the Company shall be determined in accordance with commonly accepted accounting principles applied on a consistent basis using the cash method of accounting selected by unless the MembersCode or Treasury Regulations require the use of the accrual method or another accounting method. It is intended that The Managers may elect such methods as are permitted under the Company will elect those accounting methods which provide the Company with the greatest tax benefitsCode.
Appears in 1 contract
Samples: C-Bond Systems, Inc
Accounting Principles. The profits and losses of the Company shall be --------------------- determined in accordance with accounting principles applied on a consistent basis using the cash method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Samples: Operating Agreement (Universe2u Inc)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting as selected from time to time by the MembersManager of the Company. It is intended that the Company will elect those accounting methods which that provide the Company with the greatest tax benefits.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the ___ method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which that provide the Company with the greatest tax benefits.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the accrual method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company and the Members with the greatest tax benefits.. OPERATING AGREEMENT OF BADLANDS POWER FUELS, LLC, A NORTH DAKOTA LIMITED LIABILITY COMPANY
Appears in 1 contract
Samples: Operating Agreement (Nuverra Environmental Solutions, Inc.)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the accrual method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 1 contract
Samples: Operating Agreement (Australian Agriculture & Property Development CORP)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the Company’s method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Samples: Limited Liability Company Agreement (First Cash, Ltd.)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the accrual method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Samples: Operating Agreement (Texas San Macros Treatment Center Lp)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method of accounting selected determined by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsManagers.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using under the accrual method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Accounting Principles. The profits Net Profits and losses Net Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the accrual method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which that provide the Company with the greatest tax benefits.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (New Gaming Capital Partnership)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using under the cash receipts and disbursements method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Accounting Principles. (a) The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using under the cash receipts and disbursements method of accounting selected accounting, or under such other method as determined by a Majority of the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsManagers.
Appears in 1 contract
Accounting Principles. The profits Profits and losses of the Company Losses shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using under the Company’s method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Samples: Company Agreement (NGL Supply Terminal Company, LLC)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting accounting, principles applied on a consistent basis using under the cash receipts and disbursements method of accounting selected by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsaccounting.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the method accrual of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the accrual cash method of accounting. However, for Federal Income Tax purposes the Company may choose to use the cash basis of accounting selected if deemed appropriate by the Members. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefitsManagers.
Appears in 1 contract
Samples: Regulations and Operating Agreement (Dynacq International Inc)
Accounting Principles. The profits Profits and losses Losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the same method of accounting selected by as the MembersCompany uses for Federal income tax purposes. It is intended that the Company will elect those accounting methods which that provide the Company with the greatest tax benefits.
Appears in 1 contract
Samples: Operating Agreement (Kma Global Soulutions International Inc)
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles General Accepted Accounting Principles applied on a consistent basis using the cash method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which that provide the Company with the greatest tax benefits.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with accounting principles applied on a consistent basis using the accrual method of accounting selected by the Membersaccounting. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 1 contract
Accounting Principles. The profits and losses of the Company shall be determined in accordance with generally accepted accounting principles applied on a consistent basis using the method of accounting selected by the Membersbasis. It is intended that the Company will elect those accounting methods which provide the Company with the greatest tax benefits.
Appears in 1 contract
