Examples of Accounting Member in a sentence
In their review, the Dispute Accountants shall consider only those items or amounts in the Annual Calculations as to which the Disputing Member has disagreed and shall be instructed that they may not resolve any items in dispute such that the Disputing Member’s Adjustment Percentage or Distribution Adjustment Amount, as applicable, is greater than the greatest amount proposed by the Disputing Member or less than the least amount proposed by the Accounting Member.
The Accounting Member shall keep or cause to be kept at the principal office of the Company appropriate books and records with respect to the Company’s business, including the register and all other books and records necessary to provide to the Members any information required to be provided pursuant to this Agreement.
In accordance with Code § 704(c) and the Regulations thereunder, income, gain, loss and deduction with respect to any property contributed as a Capital Contribution shall, solely for tax purposes, be allocated among the Members under any reasonable method that Accounting Member may select from time to time to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its initial Gross Asset Value.
Accounting Member shall recommend to the Members for adoption such changes to this Agreement as Accounting Member shall determine in light of the Code as then in effect if Managing Member shall determine to cause the Company to incur any liability of the Company with respect to which no Interest Holder or person or entity related to an Interest Holder has personal liability determined in accordance with Code § 752.
Any election or other decision relating to such allocations shall be made by Accounting Member in a manner that reasonably reflects the purpose and intention of this Agreement.
Managing Member and Accounting Member shall prepare the annual Operating Budget for approval during the fourth (4th) quarter of the previous Fiscal Year in accordance with §§ 4.3 and 6.2 of this Agreement.
Article 4e Accounting Member States shall take the necessary measures to ensure that legal entities which provide toll services keep accounting records which allow for a clear distinction of the costs and revenues related to the toll service provision from the costs and revenues related to other activities.
If the Members do not agree on the appropriate forum, the Accounting Member shall choose the forum.
In preparing such returns the Accounting Member shall use its best efforts and in doing so shall incur no liability to any other Member with regard to such returns.
The Our Place approach supports the education, health and development of children and families in disadvantaged communities by utilising the universal school platform.