Books and Records Fiscal Year. The books and records of the Company shall be kept in accordance with the accounting method followed by the Company for federal income tax purposes. The Company shall maintain at its registered office those books and records as required by law. The fiscal year of the Company shall be the calendar year.
Appears in 4 contracts
Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)
Books and Records Fiscal Year. The Company's books and records of the Company shall be kept kept, and the financial position and the results of its operations recorded, in accordance with the method of accounting method followed by the Company for federal income tax purposes. The Company shall maintain at its registered office those books and records as required by law. The fiscal year annual accounting period of the Company shall be its fiscal and taxable year, which shall be the calendar yearyear unless otherwise determined by a Majority Interest. The Company's books and records shall reflect all the Company transactions and shall be appropriate and adequate for the Company's business.
Appears in 2 contracts
Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone Technologies Inc)