Common use of Accounting Method and Fiscal Year Clause in Contracts

Accounting Method and Fiscal Year. The Managing General Partner shall maintain the Partnership records and books of accounts in accordance with the method of accounting required or permitted to be used for federal income tax purposes, with such modifications as are set forth in this Agreement, and otherwise in accordance with generally accepted accounting principles consistently applied. The fiscal year of the Partnership is the calendar year.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp)

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Accounting Method and Fiscal Year. The Managing General Partner shall maintain the Partnership records and books of accounts in accordance with the cash method of accounting required or permitted to be used for federal income tax purposesaccounting, with such modifications as are set forth in this Agreement, and otherwise in accordance with generally genera11y accepted accounting principles consistently applied. The fiscal year of the Partnership is the calendar year.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Silverstein Barry), Limited Partnership Agreement (Silverstein Barry), Limited Partnership Agreement (McGillicuddy Dennis J)

Accounting Method and Fiscal Year. The Managing General Partner shall maintain the Partnership records and books of accounts in accordance with the method of accounting required or permitted to be used for federal income tax purposes, with such modifications as are set forth in this Agreement, and otherwise in accordance with generally accepted accounting principles consistently applied. The fiscal year of the Partnership is the calendar year.such

Appears in 2 contracts

Samples: Limited Partnership Agreement (Paxson Communications Corp), Limited Partnership Agreement (Paxson Communications Corp)

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Accounting Method and Fiscal Year. The Managing General Partner shall maintain the Partnership records and books of accounts in accordance with the cash method of accounting required or permitted to be used for federal income tax purposesaccounting, with such modifications as are set forth in this Agreement, and otherwise in accordance with generally accepted accounting principles consistently applied. The fiscal year of the Partnership is the calendar year.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Silverstein Investments Lp), Limited Partnership Agreement (Crippen Roy E Iii)

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