Accounting and Distributions Sample Clauses

Accounting and Distributions. Section 4.01
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Accounting and Distributions. 7.1 Books of Account
Accounting and Distributions. A. It is understood and agreed by the Parties to this Agreement that the services performed by EPMC do not include auditing the books of the Theaters’ operation and that an independent certified public accountant will be retained by EPMC, with the approval of the City, to provide an annual audit of the books, to prepare the annual tax returns, and perform any other necessary accounting and/or tax service. The expense of the accountant firm will be an expense of Theaters paid from Operating Funds.
Accounting and Distributions. Section 5.1 Ownership of Partnership, Distributions of Cash Flow.
Accounting and Distributions. Within twenty (20) days after the end of each month, Manager shall deliver an interim accounting (the "Monthly Statement") to Company showing all revenues and expenses of the Business, and all sources and uses of cash for the Business for the preceding month.
Accounting and Distributions 

Related to Accounting and Distributions

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • In-Kind Distributions Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

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