Common use of Annual Report; Financial Statements Clause in Contracts

Annual Report; Financial Statements. The General Partner shall transmit to the Limited Partners within one hundred twenty (120) days after the close of each Fiscal Year, or as soon as practicable thereafter, financial statements of the Partnership prepared in accordance with the accrual method of accounting, including an income statement for the year then ended, a balance sheet as of the end of such year, and a statement of changes in the Partners’ Capital Accounts. If the General Partner, in its sole discretion, determines that audited financial reports are appropriate, then the financial statements shall be audited by an independent public accounting firm selected by the General Partner.

Annual Report; Financial Statements. The General Partner shall transmit to the Limited Partners within one hundred twenty (120) days after the close of each Fiscal Year, or as soon as practicable thereafter, financial statements of the Partnership prepared in accordance with the accrual method of accounting, including an income statement for the year then ended, a balance sheet as of the end of such year, and a statement of changes in the Partners’ ' Capital Accounts. If the General Partner, in its sole discretion, determines that audited financial reports are appropriate, then the financial statements shall be audited by an independent public accounting firm selected by the General Partner.

Annual Report; Financial Statements. The General Partner shall transmit to the Limited Partners within one hundred twenty (120) days after the close of each Fiscal Year, or as soon as practicable thereafter, financial statements of the Partnership prepared in accordance with the accrual method of accounting, including an income statement for the year then ended, a balance sheet as of the end of such year, and a statement of changes in the Partners’ Capital Accounts. If the General Partner, in its sole discretion, determines that audited financial reports are appropriate, then the financial statements shall be audited by an independent public accounting firm selected by the General Partner.'

Annual Report; Financial Statements. The General Partner shall transmit to the Limited Partners within one hundred twenty ninety (12090) days after the close of each of the Partnership's Fiscal Year, Years or as soon as practicable thereafter, audited financial statements of the Partnership prepared in accordance with the accrual method of accountinggenerally accepted accounting principles consistently applied, including an income statement for the year then ended, a balance sheet as of the end of such year, and a statement of changes in the Partners’ ' Capital Accounts. If the General Partner, in its sole discretion, determines that audited financial reports are appropriate, then the The financial statements shall be audited by an independent public accounting firm selected firm. The financial statements shall be accompanied by a report from the General PartnerPartner to the Limited Partners commenting on the affairs of the Partnership during the Fiscal Year then ended.