Method of Accounting. Unless otherwise provided herein, the Company books of account shall be maintained in accordance with GAAP; provided that for purposes of making allocations with respect to items of Company income, gain, deduction, loss and credit to the Members, such items shall be allocated to the Members’ Capital Accounts pursuant to ARTICLE 4 and as required by Section 704 of the Code and the Treasury Regulations promulgated thereunder.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (SNR Wireless LicenseCo, LLC), Limited Liability Company Agreement (DISH Network CORP), Limited Liability Company Agreement (DISH Network CORP)
Method of Accounting. Unless otherwise provided herein, the Company books of account shall be maintained in accordance with GAAP; provided that for purposes of making allocations with respect to items of Company income, gain, deduction, loss and credit to the Members, such items shall be allocated to the Members’ ' Capital Accounts pursuant to ARTICLE Article 4 and as required by Section 704 of the Code and the Treasury Regulations promulgated thereunder.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Dobson Communications Corp), Limited Liability Company Agreement (Dutchess County Cellular Telephone Co Inc), Limited Liability Company Agreement (Dobson Communications Corp)
Method of Accounting. Unless otherwise provided herein, the Company books of account shall be maintained in accordance with GAAP; provided that for purposes of making allocations with respect to items of Company income, gain, deduction, loss and credit to the Members, such items shall be allocated to the Members’ ' Capital Accounts pursuant to ARTICLE 4 and as required by Section 704 of the Code and the Treasury Regulations promulgated thereunder.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (SNR Wireless LicenseCo, LLC), Limited Liability Company Agreement (DISH Network CORP), Limited Liability Company Agreement (DISH Network CORP)
Method of Accounting. Unless otherwise provided herein, the Company books of account shall be maintained in accordance with GAAP; provided that for purposes of making allocations with respect to items of Company income, gain, deduction, loss and credit to the Members, such items shall be allocated to the Members’ ' Capital Accounts pursuant to ARTICLE 4 5 and as required by Section 704 of the Code and the Treasury Regulations promulgated thereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (At&t Wireless Services Inc), Limited Liability Company Agreement (At&t Wireless Services Inc)
Method of Accounting. Unless otherwise provided herein, the Company books of account shall be maintained in accordance with GAAP; provided that for purposes of making allocations and distributions hereunder (including distributions upon dissolution of the Company in accordance with respect to items of Company income, gain, deduction, loss and credit to the Members, such items shall be allocated to the Members’ Capital Accounts pursuant to ARTICLE 4 and Account balances as required by Section 704 8.3(d)(ii)), the relevant items shall be determined in accordance with federal income tax accounting principles utilizing the accrual method of the Code and the accounting, with adjustments required by Treasury Regulations promulgated thereunder.Regulation section 1.704-1
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