Accounting Basis and Fiscal Year. Such books (i) shall be maintained according to U.S. generally accepted accounting principles, consistently applied (“GAAP”), (ii) shall reflect all Company transactions, (iii) shall be appropriate and adequate for the Company’s business and for carrying out all provisions of this Agreement, and (iv) shall be closed, balanced and audited or reviewed (as the Members or the Board may determine) as of the end of each fiscal year, as soon as practicable after the end of such fiscal year. The fiscal year of the Company shall end on December 31.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Mascoma Corp), Limited Liability Company Operating Agreement (Mascoma Corp)
Accounting Basis and Fiscal Year. Such books (i) shall be maintained according to U.S. generally accepted accounting principles, consistently applied (“GAAP”), (ii) shall reflect all Company transactions, (iii) shall be appropriate and adequate for the Company’s business and for carrying out all provisions of this Agreement, and (iv) shall be closed, balanced and audited or reviewed (as the Members or the Board may determine) as of the end of each fiscal yearFiscal Year, as soon as practicable after the end of such fiscal yearFiscal Year. The fiscal year Fiscal Year of the Company shall end on December 31.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Innovative Payment Solutions, Inc.)
