Common use of Payment of Adjustments Clause in Contracts

Payment of Adjustments. The Partnership GP will, within seven days after receiving a report of the Auditor under Section 5.9 hereof, notify in writing each Limited Partner whose share of the Net Income and Taxable Income or Net Loss and Taxable Loss is to be adjusted, of the amount of the adjustment, together with a cheque for the amount payable to the Limited Partner or a request for payment in respect of the amount payable by the Limited Partner, as the case may be. Each Limited Partner hereby agrees to pay any amount owing by the Limited Partner under Section 5.9, within 15 days from the date of notice of an adjustment given under this Section 5.10.

Payment of Adjustments. The Partnership GP will, within seven days after receiving a report of the Auditor under Section 5.9 6.9 hereof, notify in writing each Limited Partner whose share of the Net Income and Taxable Income or Net Loss and Taxable Loss is to be adjusted, of the amount of the adjustment, together with a cheque for the amount payable to the Limited Partner or a request for payment in respect of the amount payable by the Limited Partner, as the case may be. Each Limited Partner hereby xxxxxx agrees to pay any amount owing by the Limited Partner under Section 5.96.9, within 15 days from the date of notice of an adjustment given under this Section 5.106.10.

Payment of Adjustments. The Partnership GP will, within seven days after receiving a report of the Auditor under Section 5.9 6.9 hereof, notify in writing each Limited Partner whose share of the Net Income and Taxable Income or Net Loss and Taxable Loss is to be adjusted, of the amount of the adjustment, together with a cheque for the amount payable to the Limited Partner or a request for payment in respect of the amount payable by the Limited Partner, as the case may be. Each Limited Partner hereby agrees to pay any amount owing by the Limited Partner under Section 5.96.9, within 15 days from the date of notice of an adjustment given under this Section 5.106.10.