Common use of Books and Records; Audited Financial Statements Clause in Contracts

Books and Records; Audited Financial Statements. The Company shall cause each Affiliated Entity, in addition to maintaining its books and accounts in accordance with the law of the applicable jurisdiction, to prepare its financial statements in accordance with U.S. generally accepted accounting principles, consistently applied. The year-end balance sheet, statement of operations and statement of change in financial position shall be audited each year by Coopers & Lybrxxx XXX or another firm of independent certified public accountants selected in accordance with Section 5.4 hereof, and the Company shall provide the written report of such accountants to each of the Members. The Company shall cause each Affiliated Entity to prepare all tax returns as soon as practicable after the end of each fiscal year and, in any event, shall supply the Members with reasonable estimates of the taxable income of each Affiliated Entity within forty-five (45) days of the end of each fiscal year.

Books and Records; Audited Financial Statements. The Company shall cause each Affiliated Entity, in addition to maintaining its books and accounts in accordance with the law of the applicable jurisdiction, to prepare its financial statements in accordance with U.S. generally accepted accounting principles, consistently applied. The year-end balance sheet, statement of operations and statement of change in financial position shall be audited each year by Coopers & Lybrxxx XXX or o another firm of independent certified public accountants selected in accordance with Section 5.4 hereof, and the Company shall provide the written report of such accountants to each of the Members. The Company shall cause each Affiliated Entity to prepare all tax returns as soon as practicable after the end of each fiscal year and, in any event, shall supply the Members with reasonable estimates of the taxable income of each Affiliated Entity within forty-five (45) 45 days of the end of each fiscal year.