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