Common use of Delivery of Financial Statements, Tax Returns and Reports Clause in Contracts

Delivery of Financial Statements, Tax Returns and Reports. The Company shall transmit after the close of each fiscal year to each Member the audited financial statements of the Company for such fiscal year as required by applicable Law. Such audited financial statements shall be prepared in accordance with generally accepted accounting principles consistently applied. The Company shall also use its best efforts to timely transmit, after the close of each fiscal year, to each Member and to each person or entity which was a Member during such fiscal year (a "Former Member"), a report indicating such Member's share of all items of income or gain, expense, loss or other deduction and tax credit of the Company for such year for federal income tax purposes, as well as information about the number and value of its Units as of the end of such year, and such additional information as it may reasonably request to enable it to complete its tax return or to fulfill any other reporting requirements.

Delivery of Financial Statements, Tax Returns and Reports. The Company shall transmit after the close of each fiscal year to each Member the audited financial statements of the Company for such fiscal year as required by applicable Law. Such audited financial statements shall be prepared in accordance with generally accepted accounting principles consistently applied. The Company shall also use its best efforts to timely transmit, after the close of each fiscal year, to each Member and to each person or entity which was a Member during such fiscal year (a "“Former Member"”), a report indicating such Member's ’s share of all items of income or gain, expense, loss or other deduction and tax credit of the Company for such year for federal income tax purposes, as well as information about the number and value of its Units as of the end of such year, and such additional information as it may reasonably request to enable it to complete its tax return or to fulfill any other reporting requirements.