Common use of Reports to Members and Others Clause in Contracts

Reports to Members and Others. The Managers shall, upon Written request of any Member, prepare and distribute to the Members and Counsel to the Managers a quarterly report regarding the status of the Offering and the Company during the Offering period, and thereafter, no less than annually, including a breakdown on Company expenditures. Not later than 75 days after the close of each Fiscal Year of the Company, the Managers shall deliver to each Member the following items: (1) an annual report, (2) a balance sheet of the Company, (3) an income statement for that year and (4) a statement setting forth that Member’s Allocable share of all items of Company income, gain, loss, deduction, credit and tax preference for that Fiscal Year which are to be included by that Member on such Member’s federal income tax return for that year. Each of the financial statements and documents referred to above will be conclusive and binding upon the Members unless written objection thereto is received by the Managers within 60 days after the statement has been delivered to the Members. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 31

Appears in 4 contracts

Samples: Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC)

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Reports to Members and Others. The Managers shall, upon Written request of any Member, prepare and distribute to the Members and Counsel to the Managers a quarterly report regarding the status of the Offering and the Company during the Offering period, and thereafter, no less than annually, including a breakdown on Company expenditures. Not later than 75 days after the close of each Fiscal Year of the Company, the Managers shall deliver to each Member the following items: (1) an annual report, (2) a balance sheet of the Company, (3) an income statement for that year and (4) a statement setting forth that Member’s Allocable share of all items of Company income, gain, loss, deduction, credit and tax preference for that Fiscal Year which are to be included by that Member on such Member’s federal income tax return for that year. Each of the financial statements and documents referred to above will be conclusive and binding upon the Members unless written objection thereto is received by the Managers within 60 days after the statement has been delivered to the Members. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 31- 11/30/2017

Appears in 1 contract

Samples: Operating Agreement (Opening Night Enterprises, LLC)

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Reports to Members and Others. The Managers shall, upon Written request of any Member, prepare and distribute to the Members and Counsel to the Managers a quarterly report regarding the status of the Offering and the Company during the Offering period, and thereafter, no less than annually, including a breakdown on Company expenditures. Not later than 75 days after the close of each Fiscal Year of the Company, the Managers shall deliver to each Member the following items: (1) an annual report, (2) a balance sheet of the Company, (3) an income statement for that year and (4) a statement setting forth that Member’s Allocable share of all items of Company income, gain, loss, deduction, credit and tax preference for that Fiscal Year which are to be included by that Member on such Member’s federal income tax return for that year. Each of the financial statements and documents referred to above will be conclusive and binding upon the Members unless written objection thereto is received by the Managers within 60 days after the statement has been delivered to the Members. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 31Agreement

Appears in 1 contract

Samples: Operating Agreement (Opening Night Enterprises, LLC)

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