Fiscal Year, Accounting and Reports Sample Clauses

Fiscal Year, Accounting and Reports. (a) The fiscal year of the Partnership, for both accounting and federal tax purposes, shall be the calendar year, and the Partnership shall, for accounting and federal income tax purposes, report its operations and Profits and Losses in accordance with the method of accounting chosen by the General Partners. The CBL-GP shall keep, or cause to be kept, books of account in which shall be entered fully and accurately each transaction of the Partnership. All of the books of account shall be open to inspection and examination by the Partners or their representatives by appointment during normal business hours.
Sample 1
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Fiscal Year, Accounting and Reports. The fiscal year of the Partnership for both accounting and Federal income tax purposes shall be such fiscal year as may be required by Section 706(b) of the Code, as determined by the Managing General Partner, and the Partnership shall utilize the accrual method of accounting for financial and income tax purposes. At all times during the continuance of the Partnership, the Managing General Partner shall keep or cause to be kept full and faithful books of account in which shall be entered fully and accurately each transaction of the Partnership. The books of the Partnership shall be audited annually at the expense of the Partnership by such independent certified public accounting firm as the Managing General Partner shall designate (any such firm from time to time so designated being herein referred to as the "Partnership's accountants"), and the annual audited financial statements of the Partnership, as prepared by the Partnership's accountants, shall be transmitted by the Managing General Partner to the Partners within one hundred twenty (120) days after the end of each fiscal year. Such statements shall include a report of (a) each Partner's share of the Partnership's profits, losses and cash receipts for such year and (b) each Partner's Capital Account as of the end of such year maintained pursuant to Article IV hereof. All questions of accounting relating to such audited financial statements and annual reports to Partners shall be determined by the Partnership's accountants, and their reasonable determination sh7all be final and binding on all Partners. The financial statements so delivered may be changed from time to time to cure errors or omissions and to give effect to any retroactive costs or adjustments. All costs and expenses incurred in connection with such reports and statements shall constitute expenses of the Partnership.
Sample 1

Related to Fiscal Year, 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 Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

  • Fiscal Year; Accounting In the case of the Borrower, cause its fiscal year to end on December 31.

  • Books Records Accounting and Reports Section 8.1 Records and Accounting 75 Section 8.2 Fiscal Year 75 Section 8.3 Reports 75 ARTICLE IX

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Accounting and Reporting SECTION 7.1 LESSEE agrees to furnish to KCS audited copies of the financial reports of Watco Companies, Inc. or any company which directly or indirectly owns a majority interest in LESSEE audited by an independent accounting firm on an annual basis on or before May 1 of each year for the term of this lease. Copies of unaudited financial reports pertaining to LESSEE and the Leased Premises prepared in the normal course of LESSEE’s business shall be provided to Lessor on a quarterly basis. KCS shall take the same precautions to protect the confidentiality of non-public financial information provided under this Section that it uses to protect its own confidential non-public financial information.

  • Provision of Financial Statements and Reports (i) The Guarantor will provide to the Trustee, in English or accompanied by a certified English translation thereof, (A) within 90 calendar days after the end of each fiscal quarter (other than the fourth quarter), its unaudited and consolidated balance sheet and statement of income calculated in accordance with Reporting GAAP and (B) within 120 calendar days after the end of each fiscal year, its audited and consolidated balance sheet and statement of income calculated in accordance with Reporting GAAP. For purposes of this Section 7(g), as long as the financial statements or reports are publicly available and accessible electronically by the Trustee, the filing or electronic publication of such financial statements or reports shall comply with the Guarantor’s obligation to deliver such statements and reports to the Trustee hereunder. The Guarantor shall provide the Trustee with prompt written notification at such time that the Guarantor ceases to be a reporting company. The Trustee shall have no obligation to determine if and when the Guarantor’s financial statements or reports are publicly available and accessible electronically.

  • Financial Statements and Reports The Company shall furnish to the Secured Party within a reasonable time such financial data as the Secured Party may reasonably request, including, without limitation, the following:

  • Fiscal Year and Accounting Methods Borrower may not and may not permit any Company to change its fiscal year or its method of accounting (other than immaterial changes in methods or as required or permitted by GAAP).

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

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