Accounting; Tax Year Sample Clauses

Accounting; Tax Year. (a) The books and records of the Company shall be kept on the cash basis or the accrual basis, as determined by the Managers in their sole and absolute discretion. The Company shall report its operations for tax purposes on the cash method or the accrual method, as determined by the Managers in their sole and absolute discretion. The taxable year of the Company shall be the calendar year, unless the Managers shall designate another taxable year for the Company that is a permissible taxable year under the Code. (b) The books and records of the Company shall be audited by the Company’s independent accountants as of the end of each Fiscal Year, commencing with the first partial Fiscal Year, of the Company.
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Accounting; Tax Year. The Company shall report its operations for tax purposes on such method and based upon such taxable year as the Manager determines to be appropriate consistent with applicable federal income tax laws. The financial statements of the Company shall be prepared in accordance with generally accepted accounting principles.
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Accounting; Tax Year. (a) The books and records of the Partnership shall be kept on the cash basis or the accrual basis, as determined by the Board. The Partnership shall report its operations for tax purposes on the cash method or the accrual method, as determined by the Board. The taxable year of the Partnership shall be the calendar year, unless the Board shall designate another taxable year for the Partnership that is a permissible taxable year under the Code. (b) The books and records of the Partnership shall be audited by the Partnership’s independent accountants as of the end of each Fiscal Year, commencing with the first partial Fiscal Year, of the Partnership.
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Accounting; Tax Year. (a) The books and records of the Trust shall be kept on the accrual basis. To the extent permitted by Law, the Trust may report its operations for tax purposes in accordance with GAAP. The taxable year of the Trust shall be the same as that of the Grantor. (b) The books and records of the Trust shall be audited by Accountants as of the end of each Fiscal Year, commencing with the first partial Fiscal Year, of the Trust.
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Accounting; Tax Year. (a) The books and records of the Company shall be kept on the accrual basis. The Company shall report its operations for tax purposes on the cash method or the accrual method, as determined by the Managers in their sole and absolute discretion, subject to applicable tax laws. The taxable year of the Company shall be the calendar year, unless the Managers shall designate another taxable year for the Company that is a permissible taxable year under the Code. (b) The books and records of the Company shall be audited by the Company's independent accountants as of the end of each Fiscal Year, commencing with the first partial Fiscal Year, of the Company. The audit required under this Section 10.3(b) shall be prepared by a "Big 5" accounting firm selected by the Board of Managers.
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Accounting; Tax Year. The books and records of the Company shall be closed at the end of each Fiscal Year. In addition, the Company's Fiscal Year shall be the Fiscal Year of Generex Biotechnology Corporation.
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Accounting; Tax Year. (a) The books and records of the Company shall be kept on the cash basis or the accrual basis, as determined by the Managers in their sole and absolute discretion. The Company shall report its operations for
Sample 1
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Accounting; Tax Year. (a) The books and records of the Partnership shall be kept on the accrual basis. The Partnership shall report its operations for tax purposes on the cash method or the accrual method, as determined by the Board of Directors in its sole and absolute discretion, subject to applicable tax laws. The taxable year of the Partnership shall be the calendar year, unless the Board of Directors shall designate another taxable year for the Partnership that is a permissible taxable year under the Code. (b) The books and records of the Partnership shall be audited by the Partnership's independent accountants as of the end of each Fiscal Year, commencing with the first partial Fiscal Year, of the Partnership. The audit required under this Section 10.2(b) shall be prepared by a "Big 4" accounting firm selected by the Board of Directors.
Sample 1

Related to Accounting; Tax Year

  • Accounting, Tax and Regulatory Matters Each Owner and the Company, -------------------------------------- jointly and severally, represents and warrants to Premiere that neither the Company, any Owner nor any Affiliate thereof has taken or agreed to take any action or has any knowledge of any fact or circumstance that is reasonably likely to (i) prevent the Merger from qualifying for pooling-of-interests accounting treatment or as a reorganization within the meaning of Section 368(a) of the Code, or (ii) materially impede or delay receipt of any consents referred to in Section 5.6 of the Uniform Terms or result in the imposition of a condition or restriction of the type referred to in the last sentence of such Section.

  • Books and Records Accounting Tax Matters Describes general and administrative items and procedural aspects of handling certain of those items.

  • Income Tax Liability Within ten (10) Business Days after the receipt of revenue agent reports or other written proposals, determinations or assessments of the IRS or any other taxing authority which propose, determine or otherwise set forth positive adjustments to the Tax liability of, or assess or propose the collection of Taxes required to have been withheld by, the Borrower which equal or exceed $100,000 in the aggregate, telephonic or facsimile notice (confirmed in writing within five (5) Business Days) specifying the nature of the items giving rise to such adjustments and the amounts thereof;

  • Accounting Period The Company’s accounting period shall be the calendar year.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Accounting Rights Business Associate shall, within ten days of receiving a written request from Covered Entity, maintain and make available to Covered Entity the information necessary for Covered Entity to satisfy its obligations to provide an accounting of Disclosure under 45 C.F.R. 164.528.

  • Income Tax Returns Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Accounting Reference Date The Accounting Reference Date of each member of the Group is 31 December.

  • Allocation of Tax Liabilities The provisions of this Section 2 are intended to determine each Company's liability for Taxes with respect to Pre-Distribution Periods. Once the liability has been determined under this Section 2, Section 5 determines the time when payment of the liability is to be made, and whether the payment is to be made to the Tax Authority directly or to another Company.

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