Accounting Basis and Fiscal Year. The Partnership's books of account shall be kept on the tax basis accrual method of accounting, or on such other method of accounting as the General Partners may from time to time determine, and shall be dosed and balanced at the end of each Partnership year. The same method of accounting shall be used for both Partnership accounting and tax purposes. The fiscal year of the Partnership shall be the calendar year.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Franklin Street Partners Lp), Limited Partnership Agreement (Franklin Street Partners Lp), Limited Partnership Agreement (Franklin Street Partners Lp)
Accounting Basis and Fiscal Year. The Partnership's ’s books of account shall be kept on the tax basis accrual method of accounting, or on such other method of accounting as the General Partners Partner may from time to time determine, and shall be dosed closed and balanced at the end of each Partnership year. The same method of accounting shall be used for both Partnership accounting and tax purposes. The fiscal year of the Partnership shall be end on the last day of the calendar year, or such other fiscal year as the General Partner may from time to time determine.
Appears in 1 contract
Samples: Limited Partnership Agreement (Genzyme Therapeutic Products Limited Partnership)
Accounting Basis and Fiscal Year. The Partnership's books of account shall be kept on the tax basis accrual method of accounting, or on such other method of accounting as the General Partners Partner may from time to time determine, and shall be dosed closed and balanced at the end of each Partnership year. The same method of accounting shall be used for both Partnership accounting and tax purposes. The fiscal year of the Partnership shall be the calendar year, or such other fiscal year as the General Partner may from time to time determine or as may be required under applicable tax laws.
Appears in 1 contract
Samples: Limited Partnership Agreement (Harbor Global Co LTD)
