Financial and Tax Accounting and Reports Sample Clauses

Financial and Tax Accounting and Reports. The tax returns of the Partnership shall be filed on an accrual basis. The General Partner shall cause the Partnership's tax returns to be prepared and a Schedule K-1 or any successor form to be prepared and delivered in a timely manner to each of the Partners. In the event of an income tax audit of the Partnership or any judicial or administrative proceeding in connection with the income tax returns of the Partnership, the Tax Matters Partner shall be authorized to act for and, to the extent provided by the Code, its decision shall be binding upon the Partnership and the Partners. The books and records of the Partnership shall be kept in accordance with generally accepted accounting principles.
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Financial and Tax Accounting and Reports. The General Partner ---------------------------------------- shall cause the Partnership's tax returns and IRS Form 1065, Schedule K-1's, to be prepared and delivered in a timely manner to the Limited Partners. The General Partner shall use its best efforts to cause the Schedule K-1's for each Fiscal Year to be delivered to the Limited Partners within ninety (90) days after the end of the Fiscal Year. The books and records of the Partnership and the General Partner shall be kept in accordance with the provisions of this Agreement and otherwise in accordance with generally accepted accounting principles consistently applied. The Partnership's financial statements for each Fiscal Year shall be prepared in accordance with such principles consistently applied and shall be audited at the end of each Fiscal Year by an independent certified public accounting firm of recognized national standing selected by the General Partner. The General Partner shall transmit to each Limited Partner as soon as practicable after the close of each of the Partnership's Fiscal Years (but in no event later than ninety (90) days after the end of each Fiscal Year), beginning with the Fiscal Year ending December 31, 1999, the audited financial statements of the Partnership accompanied by a report from the General Partner to the Limited Partners, which shall include a status report on investments then held, a valuation of each such investment, and a brief statement on the affairs of the Partnership during the Fiscal Year then ended. In addition, the General Partner shall, within a reasonable time following the completion of the report referred to above and following reasonable notice to each Partner, hold an annual meeting of the Partners at which the General Partner shall present the affairs of the partnership and provide the Limited Partners with the opportunity to ask questions and discuss the Partnership's affairs.
Sample 1
Financial and Tax Accounting and Reports. The Company's tax return and IRS Form 1065, Schedule K-1, shall be prepared and delivered in a timely manner to the Members (but in no event later than ninety (90) days after the close of each of the Company's Fiscal Years). The financial statements of the Company shall be prepared in accordance with the provisions of this Agreement and otherwise in accordance with generally accepted accounting principles consistently applied. The Company shall transmit the Company's financial statements to each Member within ninety (90) days after the close of each of the Company's Fiscal Years.
Sample 1
Financial and Tax Accounting and Reports. The General Partner shall not cause the Partnership to elect to be classified as an association taxable as a corporation for federal income tax purposes. The books and records of the Partnership shall be kept in accordance with the accrual method of accounting.
Sample 1
Financial and Tax Accounting and Reports. The tax returns of the Partnership shall be filed on an accrual basis (if the General Partner deems it advantageous for the Partnership to do so). The General Partner shall cause the Partnership's tax returns to be prepared and Schedule K-1 or any successor form to be prepared and delivered in a timely manner to the Limited Partners. In the event of an income tax audit of the Partnership or any judicial or administrative proceeding in connection with the income tax returns of the Partnership the Tax Matters Partner shall be authorized to act for, and, to the extent provided by the Internal Revenue Code, his decision shall be binding upon the Partnership and all Partners. The books and records of the Partnership shall be kept in accordance with generally accepted accounting principles consistently applied and shall be audited at the end of each Fiscal Year by independent certified public accountants selected by the General Partner.
Sample 1
Financial and Tax Accounting and Reports. The General Partner shall use its reasonable best efforts to cause an IRS Form 1065, Schedule K-1, to be prepared and delivered to each of the Limited Partners within seventy-five (75) days after the close of each of the Partnerships Fiscal Years (but in no event shall the IRS Form 1065, Schedule K-1 be 45 CONFIDENTIAL CONFIDENTIAL delivered later than ninety (90) days after the close of each of the Partnership's Fiscal Years). The books and records of the Partnership and the General Partner shall be kept by the General Partner at the principal office of the Partnership in accordance with the provisions of this Agreement and otherwise in accordance with United States generally accepted accounting principles consistently applied. The Partnership's financial statements for each Fiscal Year shall be prepared in accordance with United States generally accepted accounting principles consistently applied and beginning with the Fiscal Year ending December 31, 2006 shall be audited at the end of each Fiscal Year by an independent certified public accountant of recognized national standing selected by the General Partner. Notwithstanding the foregoing, it is agreed and understood that the Partnership shall not be required to consolidate (or otherwise combine) its financial results with those of its portfolio companies whether or not generally accepted accounting principles would require such consolidation (or other form of combination).
Sample 1
Financial and Tax Accounting and Reports. The General Partner shall cause an IRS Form 1065, Schedule K-1 (such Schedule K-1 to include unrelated business taxable income, if any, incurred by the Partnership during such fiscal year), to be prepared and delivered in a timely manner to each of the Limited Partners. The Partnership’s financial statements for each Fiscal Year shall be prepared in accordance with United States generally accepted accounting principles consistently applied and, beginning with the Fiscal Year in which the Initial Contribution Date occurs, shall be audited at the end of each Fiscal Year by an independent certified public accountant of recognized national or regional standing selected by the General Partner. It is agreed and understood that, for purposes of maintaining its books and records and producing the reports required hereunder, the Partnership shall not be required to consolidate (or otherwise combine) its financial results with those of its portfolio companies whether or not generally accepted accounting principles would require such consolidation (or other form of combination). The Limited Partners acknowledge that the General Partner and the Partnership’s accountants will require information from third parties in order to comply with the requirements of this Section 9.1 and Sections 9.4 and 9.5, and agree that neither shall have liability to the Partnership or the Limited Partners in connection therewith so long as they exercise commercially reasonable efforts in seeking to obtain such information on a timely basis.
Sample 1
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Financial and Tax Accounting and Reports. The Managers shall cause the Company’s tax return and IRS Form 1065, Schedule K-1, to be prepared and delivered in a timely manner to the Members (but in no event later than sixty (60) days after the close of each of the Company’s Fiscal Years). The financial statements of the Company, if any are prepared, shall be prepared in accordance with the provisions of this Agreement and in a manner determined by the Managers.
Sample 1
Financial and Tax Accounting and Reports. The General Partner shall cause an IRS Form 1065, Schedule K-1, to be prepared and delivered in a timely manner to each of the Limited Partners. The Partnership’s financial statements for each Fiscal Year shall be prepared in accordance with United States generally accepted accounting principles consistently applied and beginning with the Fiscal Year ending December 31 of the year after the year that includes the Initial Contribution Date shall be audited at the end of each Fiscal Year by an independent certified public accountant of recognized national or regional standing selected by the General Partner. It is agreed and understood that, for purposes of maintaining its books and records and producing the reports required hereunder, the Partnership shall not be required to consolidate (or otherwise combine) its financial results with those of its Portfolio Companies whether or not generally accepted accounting principles would require such consolidation (or other form of combination). The Limited Partners acknowledge that the General Partner and the Partnership’s accountants will require information from third parties in order to comply with the requirements of this Section 9.1 and Sections 9.4 and 9.5 and agree that neither shall have liability to the Partnership or the Limited Partners in connection therewith so long as they exercise commercially reasonable efforts in seeking to obtain such information on a timely basis.
Sample 1

Related to Financial and Tax Accounting and Reports

  • Accounting and Reports (a) The Fund shall adopt for tax accounting purposes any accounting method that the Board of Managers shall decide in its sole discretion is in the best interests of the Fund. The Fund's accounts shall be maintained in U.S. currency.

  • Accounting and Reporting I. The Agent shall establish separate accounts for the trust assets, the assets obtained as a result of managing and utilizing the trust assets, its own assets, and other trust assets.

  • Financial and Tax Reporting A. Prepare management reports and Board of Trustees materials, such as unaudited financial statements and summaries of dividends and distributions.

  • Accounting and Tax Matters The General Partner shall keep proper and usual books and records pertaining to the Partnership’s business in accordance with generally accepted accounting principles. The books and records and all files of the Partnership shall be kept at its principal office. The General Partner shall prepare and furnish to the Limited Partners promptly after the close of each fiscal year an unaudited statement, certified by the General Partner, showing the operations of the Partnership for such fiscal year, including a balance sheet and statement of income or loss and changes in financial position for such fiscal year, the balance of each Limited Partner’s Capital Account, the unpaid balance due under all obligations of the Partnership and all other information reasonably requested by any Partner. The Limited Partners, and the authorized agents thereof, shall have the right at all reasonable times to audit, examine and make copies or extracts from the Partnership books of account. Federal, state and local income tax returns of the Partnership shall be prepared and timely filed by the General Partner. Copies of the tax returns shall be furnished to the Limited Partners prior to filing thereof. The General Partner is hereby designated the tax matters partner of the Partnership.

  • Accounting and Recording (1) The Warrant Agent shall promptly account to the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (or into an account or accounts of the Corporation with the bank or trust company designated by the Corporation for that purpose), all monies received by the Warrant Agent on the subscription of Warrant Shares through the exercise of Warrants. All such monies and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust for, and shall be segregated and kept apart by the Warrant Agent, the Warrantholders and the Corporation as their interests may appear

  • Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof), and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

  • Accounting Compliance Participant agrees that, if a merger, reorganization, liquidation or other “transaction” as defined in Section 14 of the Plan occurs and Participant is an “affiliate” of the Company or any Affiliate (as defined in applicable legal and accounting principles) at the time of such transaction, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance.

  • Annual Tax Information and Report Within seventy-five (75) days after the end of each fiscal year of the Partnership, the General Partner shall furnish to each person who was a Limited Partner at any time during such year the tax information necessary to file such Limited Partner’s individual tax returns as shall be reasonably required by law.

  • Basic Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

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