Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board shall decide in its sole discretion is in the best interests of the Company. The Company’s accounts shall be maintained in U.S. currency.
Appears in 25 contracts
Samples: Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC), Limited Liability Company Agreement (PNC Absolute Return TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board of Managers shall decide in its sole discretion is in the best interests of the Company. The Company’s 's accounts shall be maintained in U.S. currency.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (Man FRM Alternative Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ramius IDF Master Fund LLC), Limited Liability Company Agreement (Ramius IDF LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board shall decide in its sole and absolute discretion is in the best interests of the Company. The Company’s accounts shall be maintained in U.S. currency.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (FEG Directional Access TEI Fund LLC), Limited Liability Company Operating Agreement (FEG Directional Access Fund LLC)
Accounting and Reports. (a) The Although the Company shall adopt for tax accounting purposes any accounting method that the Board of Directors shall decide decide, in its sole discretion discretion, is in the best interests of the Company, it is anticipated that the Company will maintain its books and records on the accrual method of accounting based upon generally accepted accounting principles except as otherwise described in this Agreement. The Company’s accounts shall be maintained in U.S. currency.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Skybridge G II Fund, LLC), Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Limited Liability Company Agreement (Skybridge G II Fund, LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board shall decide in its sole discretion is in the best interests of the Company. The Company’s 's accounts shall be maintained in U.S. currency.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC), Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC)
Accounting and Reports. (a) The Company shall may adopt for tax accounting purposes any accounting method that which the Board Manager shall decide in its sole discretion is in the best interests of the Company. The Company’s accounts shall be maintained in Company and which is permissible for U.S. currencyfederal income tax purposes.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board of Directors shall decide in its sole discretion is in the best interests of the Company. The Company’s 's accounts shall be maintained in U.S. currency.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Ti 2), LLC), Limited Liability Company Agreement (Grosvenor Registered Multi-Strategy Fund (Te), LLC), Limited Liability Company Agreement (Phoenix LJH Advisors Fund LLC)
Accounting and Reports. (a) The Although the Company shall adopt for tax accounting purposes any accounting method that the Board of Directors shall decide decide, in its sole discretion discretion, is in the best interests of the Company, it is anticipated that the Company will maintain its books and records on the accrual method of accounting based upon generally accepted accounting principles except as otherwise described in this Agreement. The Company’s 's accounts shall be maintained in U.S. currency.
Appears in 4 contracts
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi-Adviser Hedge Fund Portfolios (Series M) LLC), Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC), Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that which the Board of Managers shall decide in its sole discretion is in the best interests of the Company. The Company’s 's accounts shall be maintained in U.S. currency.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whistler Fund LLC), Limited Liability Company Agreement (Xanthus Fund LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that the Board of Managers shall decide in its sole discretion is in the best interests of the Company. The Company’s accounts shall be maintained in U.S. currency.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mount Yale Opportunity Fund, LLC)
Accounting and Reports. (a) The Company shall adopt for tax accounting purposes any accounting method that which the Board of Managers shall decide in its sole discretion is in the best interests of the Company. The Company’s accounts shall be maintained in U.S. currency.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.)
Accounting and Reports. (a) The Company shall may adopt for tax accounting purposes any accounting method that which the Board Manager shall decide in its sole discretion is in the best interests of the CompanyCompany and which is permissible for U.S. federal income tax purposes. The Company’s accounts shall be maintained in U.S. currency.ANNEX C
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC)
Accounting and Reports. (a) The Company shall may adopt for tax accounting purposes any accounting method that which the Board Manager shall decide in its sole discretion is in the best interests of the CompanyCompany and which is permissible for U.S. federal income tax purposes. The Company’s accounts shall be maintained in U.S. currency.ANNEX B
Appears in 1 contract
Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)
Accounting and Reports. (a) The Although the Company shall adopt for tax accounting purposes any accounting method that the Board of Directors shall decide decide, in its sole discretion as permitted by U.S. tax laws, is in the best interests of the Company, it is anticipated that the Company will maintain its books and records on the accrual method of accounting based upon generally accepted accounting principles except as otherwise described in this Agreement. The Company’s accounts shall be maintained in U.S. currency.
Appears in 1 contract
Samples: Triangle Fund LLC
