Common use of Annual Accounting Period; Accounting Methods; Tax Elections Clause in Contracts

Annual Accounting Period; Accounting Methods; Tax Elections. The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Managing Member, subject to the requirements and limitations of the Code. The Company shall use such accounting methods as the Managing Member elects in its sole discretion, subject to the requirements and limitations of the Code. The Managing Member shall cause the Company’s accountants to prepare and file the Company’s tax returns and, together with such accountants, will determine the positions of the Company on such tax returns subject to the requirements and limitations of the Code. The Managing Member, on behalf of the Company, shall, from time to time, make all elections for federal income tax purposes, including, without limitation, elections under Code Sections 704(c) and 754, with the reasonable Approval of the Members holding at least 51% of the Percentages.

Annual Accounting Period; Accounting Methods; Tax Elections. The annual accounting period of the Company shall be its taxable year. The Company’s 's taxable year shall be selected by the Managing Member, subject to the requirements and limitations of the Code. The Company shall use such accounting methods as the Managing Member elects in its sole discretion, subject to the requirements and limitations of the Code. The Managing Member shall cause the Company’s 's accountants to prepare and file the Company’s 's tax returns and, together with such accountants, will determine the positions of the Company on such tax returns subject to the requirements and limitations of the Code. The Managing Member, on behalf of the Company, shall, from time to time, make all elections for federal income tax purposes, including, without limitation, elections under Code Sections 704(c) and 754, with the reasonable Approval of the Members holding at least 5151 % of the Percentages.

Annual Accounting Period; Accounting Methods; Tax Elections. The annual accounting period of the Company shall be its taxable year. The Company’s 's taxable year shall be selected by the Managing Member, subject to the requirements and limitations of the Code. The Company shall use such accounting methods as the Managing Member elects in its sole discretion, subject to the requirements and limitations of the Code. The Managing Member shall cause the Company’s 's accountants to prepare and file the Company’s 's tax returns and, together with such accountants, will determine the positions of the Company on such tax returns subject to the requirements and limitations of the Code. The Managing Member, on behalf of the Company, shall, from time to time, make all elections for federal income tax purposes, including, without limitation, elections under Code Sections 704(c) and 754, with the reasonable Approval of the Members holding at least 51% of the Percentages.