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Common use of Annual Accounting Clause in Contracts

Annual Accounting. Within 120 days after the close of each fiscal year of the LLC, the LLC shall (i) cause to be prepared and submitted to each Member a balance sheet and income statement for the preceding fiscal year (or portion thereof) in conformity with generally accepted accounting principles and (ii) provide to the Members all information necessary for them to complete federal and state tax returns.

Appears in 5 contracts

Samples: Operating Agreement (Euroweb International Corp), Operating Agreement (Euroweb International Corp), Operating Agreement (Emvelco Corp.)

Annual Accounting. Within 120 days after the close of each fiscal year Fiscal Year of the LLC, the LLC shall (i) cause to be prepared and submitted to each Member a balance sheet and income statement for the preceding fiscal year Fiscal Year of the LLC (or portion thereof) in conformity with generally accepted accounting principles and (ii) provide to the Members all information necessary for them to complete federal and state tax returns.

Appears in 3 contracts

Samples: Operating Agreement (Kennedy Wilson Inc), Operating Agreement (Tsecrp Inc), Operating Agreement (G&l Realty Corp)

Annual Accounting. Within 120 ninety days after the close of each fiscal year of the LLC, the LLC shall (i) cause to be prepared and submitted to each Member the Members a balance sheet and income statement for the preceding fiscal year of the LLC (or portion thereof) in conformity with generally accepted accounting principles and (ii) provide to the Members all information necessary for them the Members to complete federal and state tax returns.

Appears in 2 contracts

Samples: Operating Agreement (MVP REIT II, Inc.), Operating Agreement (MVP REIT II, Inc.)

Annual Accounting. Within 120 90 days after the close of each fiscal year Fiscal ----------------- Year of the LLC, the LLC shall (i) cause to be prepared and submitted to each Member a balance sheet and income statement for the preceding fiscal year Fiscal Year of the LLC (or portion thereof) in conformity with generally accepted accounting principles and (ii) provide to the Members all information necessary for them to complete federal and state tax returns.

Appears in 1 contract

Samples: Operating Agreement (Demattos Carlos D)

Annual Accounting. Within 120 30 days after the close of each fiscal year of the LLC, the LLC shall (i) cause to be prepared and submitted to each Member a balance sheet and income statement for the preceding fiscal year of the LLC (or portion thereof) in conformity with generally accepted accrual income tax basis of accounting principles and (ii) provide to the Members all information necessary for them to complete federal and state tax returns.

Appears in 1 contract

Samples: Subscription Agreement (Green PolkaDot Box Inc)