Common use of Tax Information to Members Clause in Contracts

Tax Information to Members. Within ninety (90) days after the end of each Fiscal Year of the Company, the Company shall send to each Person who was a Member at any time during such Fiscal Year such tax information, including, without limitation, Federal Tax Schedule K-1, as shall be reasonably necessary for the preparation of such Member’s federal income tax return. This period shall be automatically extended by the period of any delay beyond the control of the Members, such as a delay resulting from the failure of a third party to provide required tax information to the Company in a timely manner.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Wcof, LLC), Operating Agreement (Riggs National Corp)

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Tax Information to Members. Within ninety (90) days after the end of each Fiscal Year of the Company, the Company shall send to each Person who was or is a Member at any time during such Fiscal Year such tax information, including, without limitation, Federal Tax Schedule K-1, as shall be reasonably necessary for the preparation of such Member’s or former Member’s federal income tax return. This period shall be automatically extended by the period of any delay beyond the control of the MembersCompany, such as a delay resulting from the failure of a third party to provide required tax information to the Company in a timely manner.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Verisign Inc/Ca)

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Tax Information to Members. Within ninety (90) days after the end of each Fiscal Year of the Company, the Company shall send to each Person who was a Member at any time during such Fiscal Year such tax information, including, without limitation, Federal Tax Schedule K-1, as shall be reasonably necessary for the preparation of such Member’s 's federal income tax return. This period shall be automatically extended by the period of any delay beyond the control of the Members, such as a delay resulting from the failure of a third party to provide required tax information to the Company in a timely manner.. -63-

Appears in 1 contract

Samples: Operating Agreement (Riggs National Corp)

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