Common use of Obtaining Additional Information Clause in Contracts

Obtaining Additional Information. Subject to reasonable standards, each Member may obtain from the LLC from time to time upon reasonable demand for any purpose reasonably related to the Member's interest as a Member in the LLC: (1) information regarding the state of the business and financial condition of the LLC; (2) promptly after becoming available, a copy of the LLC's federal, state, and local income tax returns for each year; and (3) other information regarding the affairs of the LLC as is just and reasonable.

Appears in 27 contracts

Samples: Operating Agreement, Sample LLC Operating Agreement, LLC Sample Operating Agreement

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Obtaining Additional Information. Subject to reasonable standards, each Member may obtain from the LLC from time to time upon reasonable demand for any purpose reasonably related to the Member's interest as a Member in the LLC: (1) information regarding the state of the business and financial condition of the LLC; (2) promptly 2)promptly after becoming available, a copy of the LLC's federal, state, and local income tax returns for each year; and (3) other information regarding the affairs of the LLC as is just and reasonable.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Obtaining Additional Information. Subject to reasonable standards, each the Member may obtain from the LLC from time to time upon reasonable demand for any purpose reasonably related to the Member's interest ’s interests as a Member in the LLC: (1) information regarding the state of the business and financial condition of the LLC; (2) promptly after becoming available, a copy of the LLC's federal, state, ’s federal and local state income tax returns for each year; and (3) other information regarding the affairs of the LLC as is just and reasonable.

Appears in 1 contract

Samples: Operating Agreement

Obtaining Additional Information. Subject to reasonable standards, each Member may obtain from the LLC from time to time upon reasonable demand for any purpose reasonably related to the Member's ’s interest as a Member in the LLC: (1) information regarding the state of the business and financial condition of the LLC; (2) promptly after becoming available, a copy of the LLC's ’s federal, state, and local income tax returns for each year; and (3) other information regarding the affairs of the LLC as is just and reasonable.

Appears in 1 contract

Samples: Operating Agreement

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Obtaining Additional Information. Subject to reasonable standards, each Member may obtain from the LLC from time to time upon reasonable demand for any purpose reasonably related to the Member's interest as a Member in the LLC: LLC (1) information regarding the state of the business and financial condition of the LLC; (2) promptly after becoming available, a copy of the LLC's federal, state, and local income tax returns for each year; , and (3) other information regarding the affairs of the LLC as is just and reasonable.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Videolocity International Inc)

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