Accounting Member definition

Accounting Member means that Member whose Affiliate provides accounting services to the Company pursuant to a Management Services Agreement.
View Source
Accounting Member has the meaning assigned to such term in Section 10.05.
View Source
Accounting Member has the meaning ascribed to it in § 9.2 of the foregoing Agreement.
View Source

Examples of Accounting Member in a sentence

  • 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 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.

  • 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.

  • If the Members do not agree on the appropriate forum, the Accounting Member shall choose the forum.

  • The Accounting Member shall also establish and maintain tax basis capital accounts for each Member.

  • A Member transferring its interest, or any part thereof, shall notify the Accounting Member in writing within two weeks of such transfer.

  • Accounting Member shall have the authority to make all Company elections permitted under the Code, including elections of methods of Depreciation and elections under Code § 754.

  • Otherwise, Accounting Member shall not be entitled to compensation for services performed for the Company, except as approved by the Members’ unanimous consent from time to time.

  • If all other Members agree with the requested adjustment, the Accounting Member shall file the request for administrative adjustment on behalf of the Company.

  • The Company shall pay the Accounting Member for all reasonable costs of hiring an outside accounting firm to assist in the preparation of the federal and Louisiana income tax returns of the Company.


More Definitions of Accounting Member

Accounting Member means the GGS Member with duties and authorities as more fully described in Section 7.1.
View Source