Common use of Financial Statements and Tax Information Clause in Contracts

Financial Statements and Tax Information. As soon as practicable after the end of each fiscal year, but not later than sixty (60) days after such end: (a) The financial statements of the LLC shall be prepared by the LLC and audited by the Auditor, and such financial statements shall be accompanied by a report of the Auditor, containing its opinion that such financial statements have been prepared in accordance with generally accepted accounting principles consistently applied. The costs of preparation of such statements shall be an expense of the LLC. A copy of the financial statements and the report of the Auditor shall be furnished to each Member within ten (10) business days after their receipt by the Managers. (b) The information necessary for the preparation by each Member of its federal, state and other income tax returns shall be prepared by the accountants for the LLC and delivered by Managers to each Member.

Financial Statements and Tax Information. As soon as practicable after the end of each fiscal year, but not later than sixty (60) days after such end: (a) The financial statements of the LLC shall be prepared by the LLC and audited by the AuditorAccountant, and such financial statements shall be accompanied by a report of the AuditorAccountant, containing its opinion that such financial statements have been prepared in accordance with generally accepted accounting principles consistently applied. The costs cost of preparation of such statements shall be an expense of the LLC. A copy of the financial statements and the report of the Auditor Accountant shall be furnished to each Member within ten (10) business days after their receipt by the ManagersManagement Committee. (b) The information necessary for the preparation by each Member of its federal, state and other income tax returns shall be prepared by the accountants for the LLC Accountant and delivered by Managers the Management Committee to each Member.

Financial Statements and Tax Information. As soon as practicable after the end of each fiscal year, but not later than sixty (60) days after such end: (a) The financial statements of the LLC shall be prepared by the LLC and audited by the Auditor, and such financial statements shall be accompanied by a report of the Auditor, containing its opinion that such financial statements have been prepared in accordance with generally accepted accounting principles consistently applied. The costs of preparation of such statements shall be an expense of the LLC. A copy of the financial statements and the report of the Auditor shall be furnished to each Member within ten (10) business days after their receipt by the Managers. (b) The information necessary for the preparation by each Member of its federal, state and other income tax returns shall be prepared by the accountants for the LLC and delivered by Managers to each Member.