Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with United States generally accepted accounting principles, practices and procedures ("GAAP") and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code or established by the Managers.
Appears in 2 contracts
Samples: Operating Agreement (Bh Re LLC), Bh Re LLC
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with United States generally accepted accounting principles, practices and procedures ("GAAP") and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax year the Taxable Year of the Company shall end on December 31 of each year, unless a different tax year Taxable Year shall be required by the Code or established by the Board of Managers.
Appears in 2 contracts
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with United States U.S. generally accepted accounting principles, practices and procedures principles consistently applied ("“GAAP") and on a tax basis ”), and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax taxable year of the Company shall end on December 31 of each year, year unless a different tax taxable year shall be required by the Code or established by the ManagersCode.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BRT Realty Trust)
Accounting and Fiscal Year. The Unless otherwise directed by the Member, the books of the Company shall be kept on the accrual basis in accordance with United States generally accepted accounting principles, practices and procedures ("“GAAP"”) and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code or established by the Board of Managers.
Appears in 1 contract
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with United States generally accepted accounting principles, practices and procedures ("GAAP") and on a tax basis and the . The Company also shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax year of the Company shall end on December 31 of each year, unless a different tax year shall be required by the Code or established by the ManagersCode.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hudson Pacific Properties, Inc.)
Accounting and Fiscal Year. The books of the Company shall be kept on the accrual basis in accordance with United States generally accepted accounting principlesprinciples (“GAAP”), practices and procedures ("GAAP") and on a tax basis and the Company shall report its operations for tax purposes on the accrual method. The fiscal year and U.S. tax taxable year of the Company shall end on December 31 of each year, unless a different tax taxable year shall be required by the Code or established by the ManagersCode.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Mack Cali Realty Corp)