Fiscal Year; Accounting Period; Accounting Methods Sample Clauses

Fiscal Year; Accounting Period; Accounting Methods. (a) The Fiscal Year of the Partnership shall end on December 31 of each year, unless otherwise changed by the General Partner in its sole and absolute discretion. (b) An “Accounting Period” refers to the following periods: the initial Accounting Period shall begin upon the initial opening of the Partnership. Each subsequent Accounting Period shall begin immediately after the close of the immediately preceding Accounting Period. Each Accounting Period shall end at the close of business on the first to occur of (i) the last day of each fiscal quarter of the Partnership, (ii) the date immediately prior to the effective date of the admission of a new Partner, (iii) the date immediately prior to the effective date of any Capital Contribution to the Partnership, (iv) a Withdrawal Date, (v) the date when the Partnership dissolves or (vi) any date the General Partner determines, in its discretion. (c) The Partnership shall keep its books and records in accordance with the provisions of this Agreement. All matters concerning accounting practices not specifically and expressly provided for by the terms of this Agreement shall be determined by the General Partner in accordance with GAAP in all material respects, consistently applied, or in such other manner as the General Partner, in its sole and absolute discretion, determines is in the best interests of the Partnership. Each such determination shall be final and conclusive as to all the Partners.
Sample 1
AutoNDA by SimpleDocs
Fiscal Year; Accounting Period; Accounting Methods. (a) The Fiscal Year of the Partnership shall end on December 31 of each year (except that the last Fiscal Year of the Partnership shall end upon the date of the cancellation of the Certificate), and the Fiscal Quarters of the Partnership shall end on March 31, June 30, September 30 and December 31 of each year, unless the General Partner determines otherwise. (b) The initial Accounting Period shall (i) begin as of the date of the Initial Closing and (ii) end on the last day of the month in which the Initial Closing occurs. Each subsequent Accounting Period shall (i) begin on the first day of a month and (ii) end of the last day of such month, except that the last Accounting Period shall end on the date the Certificate is canceled as provided in Section 2.3. (c) The Partnership shall keep its financial books under the accrual method of accounting, and, as to matters not specifically covered in this Agreement, in accordance with generally accepted accounting principles.
Sample 1
Fiscal Year; Accounting Period; Accounting Methods. (a) The Fiscal Year of the Partnership shall end on December 31. (b) An Accounting Period (i) shall begin on the day after the close of the preceding Accounting Period (or, if there was no preceding Accounting Period, at the commencement of operations) and (ii) shall end on the earlier of the close of each Fiscal Year, the effective date of any Capital Withdrawal by a Partner, the day preceding the effective date of any Capital Contribution to the Partnership, or such other date determined by the Managing General Partner. (c) The Partnership shall keep its books and records in accordance with the provisions of this Agreement under the accrual method of accounting and, as to matters not specifically covered in this Agreement, in accordance with generally accepted accounting principles. All matters concerning accounting practices not specifically and expressly provided for by the terms of this Agreement shall be determined by the Managing General Partner in good faith. Each such determination shall be final and conclusive as to all the Partners.
Sample 1
Fiscal Year; Accounting Period; Accounting Methods. (a) The Fiscal Year of the Fund shall end on December 31 of each year, unless otherwise changed by the Managing Member in its sole and absolute discretion. (b) An Accounting Period (i) shall begin on the day after the close of the preceding Accounting Period or, in the case of the initial Accounting Period, on the effective date of the first admission of a Member, and (ii) shall end on the earlier of the close of the calendar month, the effective date of any redemption by a Member under Sections 6.1 or 6.2 hereof, or the day preceding the effective date of any Capital Contribution to the Fund. (c) The Fund shall keep its books and records in accordance with the provisions of this Agreement. All matters concerning accounting practices not specifically and expressly provided for by the terms of this Agreement shall be determined by the Managing Member in accordance with United States generally accepted accounting principles, consistently applied, or in such other manner as the Managing Member, in its sole and absolute discretion, determines is in the best interests of the Fund. Each such determination shall be final and conclusive as to all the Members.
Sample 1

Related to Fiscal Year; Accounting Period; Accounting Methods

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • 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.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • 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”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Change in Accounting Method Neither Company nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting method or otherwise.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!