Common use of Reports to the Members Clause in Contracts

Reports to the Members. As soon as practicable in the particular case, the Manager shall deliver or cause to be delivered the following reports to each Member: (a) After the end of each fiscal year, such information concerning the Company as shall be necessary for the preparation by a Member of such Member’s income tax or other tax returns; (b) An unaudited statement setting forth, as of the end of and for each fiscal year, a profit and loss statement, a balance sheet of the Company, and a statement showing the amounts allocated to or against each Interest during that fiscal year; and (c) Other information as, in the judgment of the Manager, shall be reasonably necessary for the Members to be advised of the results of the Company’s operations.

Reports to the Members. As soon as practicable in the particular case, the Manager shall deliver or cause to be delivered the following reports to each Member: (a) After the end of each fiscal year, such information concerning the Company as shall be necessary for the preparation by a Member of such Member’s 's income tax or other tax returns;: (b) An unaudited statement setting forth, as of the end of and for each fiscal year, a profit and loss statement, a balance sheet of the Company, and a statement showing the amounts allocated to or against each Interest during that fiscal year; and (c) Other information as, in the judgment of the Manager, shall be reasonably necessary for the Members to be advised of the results of the Company’s 's operations. Notwithstanding the above, the Manager is required only to provide the Special Member with information relating to the Special Assets.