Common use of Reports to Current Members Clause in Contracts

Reports to Current Members. (a) The Company shall use its good faith efforts to prepare and mail to each Member, within 75 days after the end of each Fiscal Year and 30 days after the end of each quarter thereof other than the last quarter of the Fiscal Year, a financial report (upon request of UAG, audited in the case of a report sent as of the end of a Fiscal Year and unaudited in the case of a report sent as of the end of a quarter) setting forth as of the end of such Fiscal Year or quarter (i) the assets and liabilities of the Company as of the end of such Fiscal Year or quarter, (ii) the income or loss of the Company for such Fiscal Year or quarter and (iii) the changes in cash flow during such Fiscal Year or quarter. (b) The Company shall use its good faith efforts to prepare and mail to each Member, within 100 days after the end of each Fiscal Year a financial report setting forth as of the end of such Fiscal Year such Member's closing Capital Account as of the end of such Fiscal Year, together with a reconciliation of the changes from the previous report.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (United Auto Group Inc)

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Reports to Current Members. (a) The Company shall use its good faith efforts to prepare and mail to each Member, within 75 days after the end of each Fiscal Year and 30 days after the end of each quarter thereof other than the last quarter of the Fiscal Year, a financial report (upon request of UAG, audited in the case of a report sent as of the end of a Fiscal Year and unaudited in the case of a report sent as of the end of a quarter) setting forth as of the end of such Fiscal Year or quarter (i) the assets and liabilities of the Company as of the end of such Fiscal Year or quarter, (ii) the income or loss of the Company for such Fiscal Year or quarter and (iii) the changes in cash flow during such Fiscal Year or quarter. The Company shall provide timely and accurate tax information to enable the Members to prepare extensions, estimates and final returns. (b) The Company shall use its good faith efforts to prepare and mail to each Member, within 100 days after the end of each Fiscal Year a financial report setting forth as of the end of such Fiscal Year such Member's closing Capital Account as of the end of such Fiscal Year, together with a reconciliation of the changes from the previous report.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (HBL LLC)

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Reports to Current Members. (a) The Company shall use its good faith efforts to prepare and mail to each Member, within 75 90 days after the end of each Fiscal Year and 30 45 days after the end of each quarter thereof other than the last quarter of the Fiscal Year, a financial report (upon request of UAG, audited in the case of a report sent as of the end of a Fiscal Year and unaudited in the case of a report sent as of the end of a quarter) setting forth as of the end of such Fiscal Year or quarter (i) the assets and liabilities of the Company as of the end of such Fiscal Year or quarter, (ii) the income or loss of the Company for such Fiscal Year or quarter and (iii) the changes in cash flow during such Fiscal Year or quarter. (b) The Company shall use its good faith efforts to prepare and mail to each Member, within 100 days after the end of each Fiscal Year a financial report setting forth as of the end of such Fiscal Year such Member's closing Capital Account as of the end of such Fiscal Year, together with a reconciliation of the changes from the previous report.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (Uag Connecticut I LLC)

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