Common use of Fiscal Year; Maintenance of Books and Records Clause in Contracts

Fiscal Year; Maintenance of Books and Records. The fiscal year of the Partnership shall be the calendar year. The Managing Partner shall cause the Partnership to keep, at the principal office of the Partnership, accurate, full and complete books, records and accounts in accordance with GAAP, determined on an accrual basis. Such books and records shall show the assets, liabilities, costs, expenditures, receipts, profits and losses of the Partnership, and shall include provision for separate Capital Accounts for each Partner.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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