Common use of Accounting Clause in Contracts

Accounting. In the event of the dissolution, liquidation and winding-up of the Company, a proper accounting shall be made of the Capital Account of the Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 71 contracts

Samples: Limited Liability Company Agreement (NYSEG Storm Funding LLC), Limited Liability Company Agreement (RG&E Storm Funding LLC), Limited Liability Company Operating Agreement (SWEPCO Storm Recovery Funding LLC)

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Accounting. In the event of the dissolution, liquidation and winding-up of the Company, a proper accounting shall be made of the Capital Account of the Sole Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 14 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)

Accounting. In the event of the dissolution, liquidation and winding-winding up of the Company, a proper accounting shall be made of the Capital Account of the Sole Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Wmeco Funding LLC), Limited Liability Company Agreement (PSNH Funding LLC 2), Limited Liability Company Agreement (Northeast Utilities System)

Accounting. In the event of the dissolution, liquidation and winding-up of the Company, a proper accounting shall will be made of the Capital Account of the each Member and of the net income Profits or net loss Losses of the Company from the date of the last previous accounting prior to the date of dissolution. Financial statements presenting such accounting will include a report of a national certified public accountant selected by the Managing Member.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Clipper Realty Inc.), Limited Liability Company Agreement (Clipper Realty Inc.)

Accounting. In the event of the dissolution, liquidation and winding-up of the CompanyPartnership, a proper accounting shall be made of the Capital Account of the Member each Partner and of the net income Net Income or net loss Net Loss of the Company Partnership from the date of the last previous accounting to the date of dissolution.

Appears in 6 contracts

Samples: Partnership Agreement (Trump Communications LLC), Limited Partnership Agreement (Trump Hotels & Casino Resorts Funding Inc), Limited Partnership Agreement (Trump Donald J)

Accounting. In the event of the dissolution, liquidation and winding-up of the Company, a proper accounting shall be made of the Capital Account capital account of the Sole Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co), Limited Liability Company Agreement (Illinois Power Securitization Limited Liability Co)

Accounting. In the event of the dissolution, liquidation dissolution and winding-winding up of the affairs of the Company, a proper accounting shall be made of the Capital Account of the Member and of the net income Net Income or net loss Net Loss of the Company from the date of the last previous accounting Accounting Period to the date of dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Corporate Capital Trust, Inc.)

Accounting. In the event of the dissolution, liquidation and winding-up winding‑up of the Company, a proper accounting shall be made of the Capital Account of the Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (AEP Texas Restoration Funding LLC), Operating Agreement (Entergy New Orleans Inc)

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Accounting. In the event of the dissolution, liquidation and winding-up of the Company, a proper accounting shall will be made of the Capital Account of the each Member and of the net income Net Income or net loss Net Losses of the Company from the date of the last previous accounting prior to the date of dissolution. Financial statements presenting such accounting will include a report of a national certified public accountant selected by the Managing Member.

Appears in 2 contracts

Samples: Master Contribution and Sale Agreement (Forest City Enterprises Inc), Master Contribution and Sale Agreement (Forest City Enterprises Inc)

Accounting. In the event of the dissolution, liquidation and winding-winding up of the Company, a proper accounting shall be made of the Capital Account of the Member and of the net income or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PSNH Funding LLC 3), Limited Liability Company Agreement (PSNH Funding LLC 3)

Accounting. In the event of the dissolution, liquidation and winding-up dissolution of the Company, a proper accounting shall be made of the Capital Account of the each Member and of the net income profit or net loss of the Company from the date of the last previous accounting to the date of dissolution.

Appears in 1 contract

Samples: Operating Agreement (COHOES FASHIONS of CRANSTON, Inc.)

Accounting. In the event of the dissolution, liquidation and winding-winding up of the Company, a proper accounting shall be made of the Capital Account of the Member and of the net income Net Income or net loss Net Loss of the Company from the date of the last previous accounting Accounting Period to the date of dissolution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Barings BDC, Inc.)

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