Common use of Financial and Tax Reporting Clause in Contracts

Financial and Tax Reporting. The Company shall prepare its financial statements and income tax information returns using such methods of accounting and tax year as the Members deem necessary or appropriate under the Code and Treasury Regulations.

Financial and Tax Reporting. The Company shall prepare its financial statements in accordance with generally accepted accounting principles as from time to time in effect and shall prepare its income tax information returns using such methods method of accounting and tax year as the Members Board deem necessary or appropriate under the Code and Treasury Regulationsthe Regulations thereunder.