Common use of General Accounting Matters Clause in Contracts

General Accounting Matters. (a) Net Income (Loss), or the applicable category thereof, shall be determined by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7. The Managing Member shall also 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 (Loss), Members’ Capital Accounts, and all transactions entered into by the Company. Such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, the Tax Matters Member shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each Person that was a Member at any time during a Fiscal Year shall be supplied with such information as may be reasonably required to enable such Member to prepare its federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member, such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) Net Income (Loss), or the applicable category thereof, shall be determined calculated by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7. The Managing Member shall also 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 (Loss), Members’ Capital Accounts, and all transactions entered into by the Company. Such A copy of such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, the Tax Matters Member shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, and such financial statements shall be certified, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the certified financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each Person that was a Member at any time during a Fiscal Year shall be supplied with such information as may be reasonably required to enable such Member to prepare its federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member, such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) The Fund Allocation Net Income and the Other Net Income (Loss), or the applicable category thereof, ) shall be reasonably determined by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7Article IV. The Managing Member shall also keep or cause to be kept books and records pertaining to the Company’s business showing shall show all of its assets and liabilities, receipts and disbursements, the Fund Allocation Net Income and the Other Net Income (Loss), Members’ Capital Accounts and Fund Capital Accounts, and all transactions entered into by the Company. Such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, the Tax Matters Member Partner shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each The Managing Member or its designee shall use reasonable efforts to cause to be sent to each Person that who was a Member at any time during a the Fiscal Year shall be supplied with such then ended, within ninety (90) days after the end of each Fiscal Year, the tax information as may be reasonably required to enable such Member concerning the Company which is necessary to prepare its such Person’s federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member. In addition, each Person that was a Member at any time during a Fiscal Year shall be supplied with such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) Net Income (Loss), or the applicable category thereof, shall be determined by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7. The Managing Member shall also 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 (Loss), Members’ Capital Accounts, and all transactions entered into by the Company. Such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, but, in any event, no later than 30 days following the end of each such Fiscal Year, the Tax Matters Member shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each Person that was a Member at any time during a Fiscal Year shall be supplied with such information as may be reasonably required to enable such Member to prepare its federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member, such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) Net Income (Loss), or the applicable category thereof, shall be determined by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7. The Managing Member shall also 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 (Loss), Members’ Capital Accounts, and all transactions entered into by the Company. Such A copy of such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, the Tax Matters Member shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, and such financial statements shall be certified, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the certified financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each Person that was a Member at any time during a Fiscal Year shall be supplied with such information as may be reasonably required to enable such Member to prepare its federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member, such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) The Fund Fee Net Income and the Other Net Income (Loss), or the applicable category thereof, ) shall be reasonably determined by or under the direction of the Managing Member at the end of each Fiscal Period and shall be allocated as described in Section 4.7Article IV. The Managing Member shall also keep or cause to be kept books and records pertaining to the Company’s business showing shall show all of its assets and liabilities, receipts and disbursements, the Fund Fee Net Income and the Other Net Income (Loss), ) and Members’ Capital Accounts, and all transactions entered into by the Company. Such books and records of the Company shall be kept by the Company at its principal office. The Company’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. (b) As promptly as possible after the close of each Fiscal Year of the Company, the Tax Matters Member Partner shall cause an examination of the financial statements of the Company as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the financial statements of the Company, including the report of such certified public accountants, shall be furnished to each Member and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company as of the end of such period; and (ii) a statement of income or loss and a statement of Members’ capital. (c) Each The Managing Member or its designee shall use reasonable efforts to cause to be sent to each Person that who was a Member at any time during a the Fiscal Year shall be supplied with such then ended, within ninety (90) days after the end of each Fiscal Year, the tax information as may be reasonably required to enable such Member concerning the Company which is necessary to prepare its such Person’s federal, state, local and non-U.S. income tax returns based upon such Person’s status as a Member. In addition, each Person that was a Member at any time during a Fiscal Year shall be supplied with such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such Member’s Capital Account as at the close of such Fiscal Year.

General Accounting Matters. (a) Net Income (Loss), or the applicable category thereof, shall be determined by or under the direction of the Managing Member General Partner (with the consent of Glenrock) at the end of each Fiscal Period and shall be allocated as described in Section 4.7. The Managing Member General Partner shall also keep or cause to be kept books and records pertaining to the CompanyPartnership’s business showing all of its assets and liabilities, receipts and disbursements, Net Income (Loss), MembersPartners’ Capital Accounts, and all transactions entered into by the CompanyPartnership. Such A copy of such books and records of the Company Partnership shall be kept by the Company Partnership at its principal office. The CompanyPartnership’s books of account shall be maintained in United States dollars and kept on the accrual method of accounting and otherwise in accordance with United States generally accepted accounting principles consistently applied. Glenrock shall have regular access to the books and records of the Company upon request. (b) As promptly as possible after the close of each Fiscal Year of the CompanyPartnership, the Tax Matters Member Partner shall cause an examination of the financial statements of the Company Partnership as of the end of each such Fiscal Year to be made in accordance with United States generally accepted auditing standards as in effect on the date thereof, and such financial statements shall be certified, by the firm of certified public accountants which serves in such capacity for the Funds. As soon as is practicable after the close of each Fiscal Year, but, in any event, no later than 90 days following the end of each such Fiscal Year, a copy of the certified financial statements of the CompanyPartnership, including the report of such certified public accountants, shall be furnished to each Member Partner and shall include, as of the end of such Fiscal Year: (i) a balance sheet of the Company Partnership as of the end of such period; and (ii) a statement of income or loss and a statement of MembersPartners’ capital. (c) Each Person that was a Member Partner at any time during a Fiscal Year shall be supplied with such information as may be reasonably required to enable such Member Partner to prepare its federal, state, local and non-U.S. income tax returns based upon such Person’s status as a MemberPartner, such other information as such Person may reasonably request for the purpose of applying for a credit for withholding taxes and a statement as to such MemberPartner’s Capital Account as at the close of such Fiscal Year.