Common use of Tax Accounting Method Clause in Contracts

Tax Accounting Method. The books and accounts of the Company shall be maintained using the accrual method of accounting for tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Harvest States Cooperatives), Limited Liability Company Agreement (Cenex Harvest States Cooperatives)

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Tax Accounting Method. The books and accounts of the Company shall be maintained using the accrual method of accounting for tax purposes, unless the Board of Directors duly approves use of an alternate method. Those documents relating to allocations of items of income, gain, loss, deduction or credit and Capital Accounts shall be kept under federal income tax accounting principles as provided herein.

Appears in 1 contract

Samples: Operating Agreement (Isun, Inc.)

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Tax Accounting Method. The books and accounts of the Company shall be maintained using the accrual method of accounting for tax purposes. Those documents relating to allocations of items of partnership income, gain, loss, deduction or credit and Capital Accounts shall be kept under federal income tax accounting principles as provided herein.

Appears in 1 contract

Samples: Joint Venture Agreement (Chicago Miniature Lamp Inc)

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