Common use of Accounting Decisions Clause in Contracts

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreement, shall be made by the Member. The Member may rely upon the advice of its accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 41 contracts

Samples: Operating Agreement (Gregg Appliances Inc), Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Insurance Auto Auctions Tennessee LLC)

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Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreementherein, shall will be made by the Member. The Member Manager who may rely upon on the advice of its accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 2 contracts

Samples: Operating Agreement, California Limited Liability Company

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreementherein, shall be made by the Member. The Member may rely upon the advice of its accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Freeport-McMoRan Oil & Gas LLC), Limited Liability Company Agreement (Freeport-McMoRan Oil & Gas LLC)

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreement, shall be made by the MemberMembers. The Member Members may rely upon the advice of its their accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposesGAAP.

Appears in 2 contracts

Samples: Operating Agreement (Penske Motorsports Inc), Operating Agreement (Penske Motorsports Inc)

Accounting Decisions. All decisions as to accounting matters, except -------------------- as otherwise specifically set forth in this Agreementherein, shall be made by the MemberMembers in accord with generally accepted accounting principles. The Member Members may rely upon the advice of its the accountants as to whether retained by the Company in making such decisions are in accordance with accounting methods followed for federal income tax purposesdecisions.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreement, shall be made by the MemberPartners. The Member Partners may rely upon the advice of its their accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 1 contract

Samples: Joint Venture Agreement

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Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth expressly provided in this Agreement, shall be made by the Member. The Member may rely upon the advice of its accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (UTI Holdings, LLC)

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreement, shall be made by the MemberMembers. The Member Members may rely upon the advice of its their accountants as to whether such decisions are in accordance with accounting methods followed for federal income tax purposes.

Appears in 1 contract

Samples: Operating Agreement

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically set forth in this Agreementherein, shall be made by the MemberMembers. The Member Members may rely upon the advice of its their accountants or upon other qualified persons as to whether such decisions are in accordance with the accounting methods followed for federal income tax purposes.

Appears in 1 contract

Samples: Operating Agreement

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