Common use of Fiscal Year and Accounting Clause in Contracts

Fiscal Year and Accounting. The fiscal year of the Company shall be the calendar year. All amounts computed for the purposes of this Agreement and all applicable questions concerning the rights of Members shall be determined using the cash method of accounting. All decisions as to other accounting matters, except as specifically provided to the contrary herein, shall be made by the Manager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)

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Fiscal Year and Accounting. The fiscal year Fiscal Year of the Company shall be is the calendar yearyear unless otherwise required by applicable Law. All amounts computed for the purposes of this Agreement and all applicable questions concerning the rights of Members shall will be determined using the cash method of accountingaccounting employed by the Company for federal income tax purposes. All decisions as to other accounting mattersThe Managers, except as specifically provided to the contrary herein, shall be made by the Managerwill make all decisions as to other accounting matters.

Appears in 1 contract

Samples: Operating Agreement (MGM Mirage)

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Fiscal Year and Accounting. The fiscal year Fiscal Year of the Company shall be is the calendar yearyear unless otherwise required by applicable law. All amounts computed for the purposes of this Agreement and all applicable questions concerning the rights of Members shall will be determined using the cash method of accountingaccounting employed by the Company for federal income tax purposes. All decisions as to other accounting mattersThe Managers, except as specifically provided to the contrary herein, shall be made by the Managerwill make all decisions as to other accounting matters.

Appears in 1 contract

Samples: Operating Agreement (MGM Mirage)

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