Common use of Accounting Audits Clause in Contracts

Accounting Audits. All Partnership accounting records shall be audited upon: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. [OTHER] PARTNER DUTIES. The Partners shall have the following duties and obligations: Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: (choose one) ☐ - All Partners based on ownership interest. All Partners shall be responsible for costs and expenses to the Partnership in accordance with their respective ownership interest. ☐ - All Partners equally. All Partners shall be equally responsible for costs and expenses to the Partnership no matter their ownership interest. ☐ - Other. [OTHER]

Accounting Audits. All Partnership accounting records shall be audited upon: (choose one) ☐ ☐
- Majority Vote. A majority vote of the Partners. ☐ ☐
- 2/3 Vote. A 2/3 vote of the Partners. ☐ ☐
- Unanimous Vote. A unanimous vote of the Partners. ☐ ☐
- Other. [OTHER] PARTNER DUTIES. The Partners shall have the following duties and obligations: Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: (choose one) ☐ ☐
- All Partners based on ownership interest. All Partners shall be responsible for costs and expenses to the Partnership in accordance with their respective ownership interest. ☐ ☐
- All Partners equally. All Partners shall be equally responsible for costs and expenses to the Partnership no matter their ownership interest. ☐ ☐
- Other. [OTHER]

Accounting Audits. All Partnership accounting records shall be audited upon: (choose one) ☐ - Majority Vote. A majority vote of the Partners. ☐ - 2/3 Vote. A 2/3 vote of the Partners. ☐ ☒ - Unanimous Vote. A unanimous vote of the Partners. ☐ - Other. [OTHER] PARTNER DUTIES. The Partners shall have the following duties and obligations: Costs and Expenses. The costs and expenses of the Partnership shall be the responsibility of: (choose one) ☐ ☒ - All Partners based on ownership interest. All Partners shall be responsible for costs and expenses to the Partnership in accordance with their respective ownership interest. ☐ - All Partners equally. All Partners shall be equally responsible for costs and expenses to the Partnership no matter their ownership interest. ☐ - Other. [OTHER]