Common use of Method of Accounting Clause in Contracts

Method of Accounting. The books and accounts of the Company shall be maintained using the accrual method of accounting for both financial reporting and tax purposes.

Appears in 19 contracts

Samples: Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC), Limited Liability Company Operating Agreement (Conversent Communications of New York, LLC)

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Method of Accounting. The books and accounts of the Company shall be maintained using the accrual cash method of accounting for both financial reporting purposes and tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Delta Funding Residual Management Inc), Limited Liability Company Agreement (Delta Funding Residual Exchange Co LLC)

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Method of Accounting. The books and accounts of the Company shall be maintained using the accrual method of accounting for both financial reporting purposes and tax purposes.

Appears in 1 contract

Samples: Limited Liability Company Agreement (KC Holdco, LLC)

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