Common use of Books of Account; Tax Returns Clause in Contracts

Books of Account; Tax Returns. The Financial Partner shall prepare and file, or shall cause to be prepared and filed, all United States federal, state, and local income and other tax returns required to be filed by the Partnership and shall keep or cause to be kept complete and appropriate records and books of account in which shall be entered all such transactions and other matters relative to the Partnership's operations, business and affairs as are usually entered into records and books of account that are maintained by persons engaged in business of like character or are required by the Act. Except as otherwise expressly provided herein, such books and records shall be maintained in accordance with the basis utilized in preparing the Partnership's United States federal income tax returns, which returns, if allowed by applicable law, may upon the approval of the Management Committee be prepared on an accrual basis.

Books of Account; Tax Returns. The Financial General Partner shall prepare and file, or shall cause to be prepared and filed, all United States federal, state, and local income and other tax returns required to be filed by the Partnership and shall keep or cause to be kept complete and appropriate records and books of account in which shall be entered all such transactions and other matters relative to the Partnership's ’s operations, business business, and affairs as are usually entered into records and books of account that are maintained by persons Persons engaged in business of like character or are required by the Act. Except as otherwise expressly provided herein, such books and records shall be maintained in accordance with the basis utilized in preparing the Partnership's ’s United States federal income tax returns, which returns, if allowed by applicable law, may upon in the approval discretion of the Management Committee General Partner be prepared on an either a cash basis or accrual basis.

Books of Account; Tax Returns. The Financial General Partner shall prepare and file, or shall cause to be prepared and filed, all United States federal, state, local and local foreign income and other tax returns required to be filed by the Partnership Partnership, and shall keep or cause to be kept complete and appropriate records and books of account in which shall be entered all such transactions and other matters relative to the Partnership's ’s operations, business and affairs as are usually entered into records and books of account that are maintained by persons engaged in business of like character or are required by the Act. Except as otherwise expressly provided hereinin this Agreement, such books and records shall be maintained in accordance with the basis utilized in preparing the Partnership's ’s United States federal income tax returns, which returns, if allowed by applicable law, may upon in the approval discretion of the Management Committee General Partner be prepared on an either a cash basis or accrual basis.

Books of Account; Tax Returns. The Financial Partner Managers shall prepare and file, or shall cause to be prepared and filed, all United States federal, state, local and local foreign income and other tax returns required to be filed by the Partnership Company, and shall keep or cause to be kept complete and appropriate records and books of account in which shall be entered all such transactions and other matters relative to the Partnership's Company’s operations, business and affairs as are usually entered into records and books of account that are maintained by persons engaged in business of like character or are required by the Act. Except as otherwise expressly provided hereinin this Agreement, such books and records shall be maintained in accordance with the basis utilized in preparing the Partnership's Company’s United States federal income tax returns, which returns, if allowed by applicable law, may upon in the approval discretion of the Management Committee Managers be prepared on an either a cash basis or accrual basis.