Common use of CHOICE OF ACCOUNTANTS; TAX INFORMATION Clause in Contracts

CHOICE OF ACCOUNTANTS; TAX INFORMATION. Notwithstanding anything to the contrary in this Agreement or any status of the General Partner as general partner or tax matters partner under Section 6231(a)(7) of the Code, the JMB Limited Partner shall have full and exclusive authority over all Partnership tax matters, including, without limitation, with respect to those matters under Section 11.2 of the Lower Tier Partnership Agreement and Section 10.8 of the Property Owning Partnership Agreement, in each case, reserved to the respective Limited Partner of such partnerships (as such term is respectively defined) under such Section 11.2 of the Lower Tier Partnership Agreement or Section 10.8 of the Property Owning Partnership Agreement, as appropriate. The Partnership's tax returns shall be prepared by a big six accounting firm selected by the JMB Limited Partner. The General Partner shall sign and file tax returns prepared by the Partnership's accountant in consultation with the JMB Limited Partner. The General Partner shall annually deliver or cause to be delivered to the Limited Partners all information forms reasonably necessary for federal tax purposes.