Accounting Basis and Accounting Year Sample Clauses

Accounting Basis and Accounting Year. Fiscal Year. Such books shall be kept on the cash, accrual or other basis, as determined by the General Partner in its sole discretion, in accordance with the accounting methods followed by the Partnership for Federal income tax purposes and otherwise in accordance with generally accepted accounting principles ("GAAP") applied in a consistent manner, reflect all Partnership transactions, be appropriate and adequate for the Partnership's activities and for the carrying out of all provisions of this Agreement, and be closed and balanced at the end of each calendar year. The fiscal year of the Partnership shall be the calendar year.
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Accounting Basis and Accounting Year. Such books shall be kept on a tax basis and a GAAP basis in accordance with the accounting methods followed by the Partnership for federal income tax purposes and be closed and balanced at the end of each Fiscal Year. In addition, the Partnership shall keep books and records for the Capital Account of each Partner maintained as provided in the definition of “Capital Account” in Section 5.1.
Sample 1
Accounting Basis and Accounting Year. Such books shall be kept on an accrual basis in accordance with the accounting methods followed by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles applied in a consistent manner, reflect all Partnership transactions, be appropriate and adequate for the Partnership's business and for the carrying out of all provisions of this Agreement, and be closed and balanced at the end of each calendar year.
Sample 1

Related to Accounting Basis and Accounting Year

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

  • 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 Methods Borrower may not and may not permit any Company to change its fiscal year or its method of accounting (other than immaterial changes in methods or as required or permitted by GAAP).

  • Fiscal Year; Accounting In the case of the Borrower, cause its fiscal year to end on December 31.

  • 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.

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

  • 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”).

  • Tax Accounting Except for Tax Returns described in paragraph 9 of Part 3 of this Exhibit A, Provider shall prepare, or cause to be prepared, all Tax Returns of the Company in accordance with Sections 7.5 and 7.6 of the LLC Agreement. Part 2: SCOPE OF ADMINISTRATIVE SERVICES

  • 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.

  • Accounting Fee Each Restaurant shall pay to the General Partner or its designee a fee (“Accounting Fee”) in consideration for the accounting services provided by the General Partner or its designee to the Restaurant. The initial Accounting Fee shall be established by the Company and shall be either a flat fee per Restaurant or a specified percentage of each Restaurant’s gross sales, as the Company deems appropriate in its reasonable discretion. The Accounting Fee shall be reviewed on a monthly basis by the Company and may be increased or decreased by the Company from time to time in accordance with the Company’s criteria for establishing such fees for company owned restaurants.

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