Common use of Books and Records; Accounting Method Clause in Contracts

Books and Records; Accounting Method. (a) The Managing Member shall keep or cause to be kept at the address of the Managing Member (or at such other place as the Managing Member shall advise the Members in writing) full and accurate books and records of the Company. Such books and records shall be available, upon reasonable advance notice to the Managing Member, for inspection and copying at reasonable times during business hours by the Members or their duly authorized representatives. (b) The Company’s books of account shall be kept in conformity with generally accepted accounting principles, except to the extent any Member requires different reporting, in which case such Member shall pay the incremental cost of such reporting.