Common use of General Accounting Matters Clause in Contracts

General Accounting Matters. (a) The Manager shall keep, or cause to be kept, books and records pertaining to the Company's business showing all of its assets and liabilities, receipts and disbursements, Net Income and Net Losses, Members' Capital Accounts and all transactions entered into by the Company. Such books and records of the Company shall be kept at the office of the Company and, subject to the confidentiality provisions of this Agreement, the Members and their representatives shall at all reasonable times have free access thereto for the purpose of inspecting or copying the same. (b) The Company's books of account shall be kept on an accrual basis in accordance with GAAP or as otherwise provided by the Manager or otherwise agreed with the Rio Tinto Members, except that for U.S. federal, state and local income tax purposes such books shall be kept in accordance with applicable tax accounting principles.

General Accounting Matters. (a) The Manager shall keep, or cause to be kept, books and records pertaining to the Company's ’s business showing all of its assets and liabilities, receipts and disbursements, Net Income and Net Losses, Members' ’ Capital Accounts and all transactions entered into by the Company. Such books and records of the Company shall be kept at the office of the Company and, subject to the confidentiality provisions of this Agreement, the Members and their representatives shall at all reasonable times have free access thereto for the purpose of inspecting or copying the same. (b) The Company's ’s books of account shall be kept on an accrual basis in accordance with GAAP or as otherwise provided by the Manager or otherwise agreed with the Rio Tinto Members, except that for U.S. federal, state and local income tax purposes such books shall be kept in accordance with applicable tax accounting principles.

General Accounting Matters. (a) The On behalf of the Company, the Manager shall keep, (or shall cause a third party service provider to) keep or cause to be kept, kept books and records pertaining to the Company's ’s business showing all of its assets and liabilities, receipts and disbursements, Net Income and Net Losses, Members' Capital Accounts disbursements and all transactions entered into by the CompanyCompany or any Subsidiary. Such books and records records, and all supporting data, of the Company shall be kept at the office of the Company and, subject to the confidentiality provisions of this Agreement, and the Members and their representatives shall at all reasonable times have free access thereto for the purpose of inspecting or copying the same. (b) . The Company's ’s books of account shall be kept on an accrual basis or as otherwise determined by the Manager and otherwise in accordance with GAAP or as otherwise provided by the Manager or otherwise agreed with the Rio Tinto Membersgenerally accepted accounting principles, except that for U.S. federal, state and local income tax purposes such books shall be kept in accordance with applicable tax accounting principles. The Manager may (but shall not be obligated to) engage an outside auditor to perform an audit of the Company at the Company’s expense.