Common use of Accounting, Books and Records Clause in Contracts

Accounting, Books and Records. The Partnership shall maintain at its principal place of business or such other places as the General Partner shall determine books of account for the Partnership which shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received, and all income derived in connection with the conduct of the Partnership and the operation of its business in accordance with generally accepted accounting principles consistently applied and, to the extent inconsistent therewith in accordance with this Agreement. The Partnership shall use the accrual method of accounting in preparation of its annual reports and for tax purposes and shall keep its books and records accordingly. Each Partner or its designated representative shall have the right, during ordinary business hours, to have access to, inspect and copy, at its sole expense, the contents of such books or records.

Appears in 3 contracts

Samples: Limited Partnership Agreement (BPK Resources Inc), Limited Partnership Agreement (BPK Resources Inc), Limited Partnership Agreement (International Travel Cd S Inc)

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Accounting, Books and Records. The Partnership shall maintain at -------------------------------- its principal place of business or such other places as the General Partner shall determine books of account for the Partnership which shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received, and all income derived in connection with the conduct of the Partnership and the operation of its business in accordance with generally accepted accounting principles consistently applied and, to the extent inconsistent therewith in accordance with this Agreement. The Partnership shall use the accrual method of accounting in preparation of its annual reports and for tax purposes and shall keep its books and records accordingly. Each Partner or its designated representative shall have the right, during ordinary business hours, to have access to, inspect and copy, at its sole expense, the contents of such books or records.

Appears in 1 contract

Samples: Limited Partnership Agreement (North American Natural Gas Inc)

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Accounting, Books and Records. The Partnership shall maintain at ------------------------------- its principal place of business or such other places as the General Partner shall determine books of account for the Partnership which shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received, and all income derived in connection with the conduct of the Partnership and the operation of its business in accordance with generally accepted accounting principles consistently applied and, to the extent inconsistent therewith in accordance with this Agreement. The Partnership shall use the accrual method of accounting in preparation of its annual reports and for tax purposes and shall keep its books and records accordingly. Each Partner or its designated representative shall have the right, during ordinary business hours, to have access to, inspect and copy, at its sole expense, the contents of such books or records.

Appears in 1 contract

Samples: Limited Partnership Agreement (North American Natural Gas Inc)

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