Taxable Year and Accounting Method Sample Clauses

Taxable Year and Accounting Method. The Company’s taxable and fiscal years shall be a fiscal year ending December 31. The Company shall initially use the cash method of accounting.
Sample 1Sample 2See All (5)
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Taxable Year and Accounting Method. The Company's taxable and fiscal years shall be the calendar year. The Company shall initially use the accrual method of accounting.
Sample 1Sample 2Sample 3See All (4)
Taxable Year and Accounting Method. The Partnership’s taxable and fiscal years shall be the calendar year.
Sample 1Sample 2See All (4)
Taxable Year and Accounting Method. Except as otherwise required by the Code or the Regulations, the Company's taxable year shall be the calendar year ending December 31. The Company shall use the accrual method of accounting for federal income tax purposes.
Sample 1
Taxable Year and Accounting Method. The Partnership’s fiscal year shall coincide with Summit Materials, Inc.’s fiscal year and shall be the same for income tax and financial and accounting purposes. The Partnership shall initially use the cash method of accounting.
Sample 1Sample 2
Taxable Year and Accounting Method. The Company=s taxable and fiscal years shall be the calendar year. The Company shall use the cash or accrual method of accounting as elected by the Manager unless accrual accounting is required by the Code. Any method of accounting determined by the Manager must be in compliance with Sections 446 and 448 of the Code.
Sample 1
Taxable Year and Accounting Method. The Company's taxable and fiscal years shall be December 31. The Company shall use the accrual method of accounting. All elections required or permitted to be made by the Company under the Code shall be made by the Managing Member on behalf of the Company. In particular: The Company shall elect to deduct expenses incurred in organizing the Company ratably over a 60-month period as provided in Section 709 of the Code; Upon the distribution of the Units by Venture Inc. to its shareholders, pursuant to the Plan of Liquidation, or in case of a Transfer of all or part of any Units (as governed by Article 11), the Managing Member may, but need not, elect, in a timely manner pursuant to Section 754 of the Code and pursuant to corresponding provisions of applicable state and local tax laws, to adjust the basis of Property pursuant to Sections 734 and 743 of the Code; The Company shall elect to deduct start-up expenditures ratably over a 60-month period as provided in Section 195 of the Code; and The Company shall not elect to be excluded from the application of the provisions of Subchapter K of Chapter 1 of Subtitle A of the Code or corresponding provisions of state or local law. The Managing Member shall be the "tax matters partner" of the Company pursuant to Section 6231(a)(7) of the Code. The Managing Member, being so designated, is authorized to take such actions as are permitted by Sections 6221 through 6233 of the Code.
Sample 1
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Taxable Year and Accounting Method. The Partnership’s taxable and fiscal years shall be the calendar year. All elections required or permitted to be made by the Partnership under the Code shall be made by the Tax Matters Partner in such manner as the Tax Matters Partner in good faith determines will be most advantageous to the Partnership.
Sample 1
Taxable Year and Accounting Method. The Partnership's taxable and fiscal years shall end on September 30. The Partnership shall use the accrual method of accounting. All elections required or permitted to be made by the Partnership under the Code shall be made by the Managing Partner in such manner as will, in its opinion, be most advantageous to the Partners, taking into account their respective Interests in the Partnership.
Sample 1

Related to Taxable Year and Accounting Method

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Fiscal Year and Accounting Changes Change its fiscal year from December 31 or make any change (i) in accounting treatment and reporting practices except as required by GAAP or (ii) in tax reporting treatment except as required by law.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Accounting Method For both financial and tax reporting purposes, the books and records of the Company shall be kept on the accrual method of accounting applied in a consistent manner and shall reflect all Company transactions and be appropriate and adequate for the Company’s business.

  • Change in Accounting Method Neither Company nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting method or otherwise.

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Tax and Accounting Treatment Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP.

  • Accounting Methods Implement or adopt any change in its accounting principles, practices or methods, other than as may be required by generally accepted accounting principles.

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