RECORDS REQUIRED BY PARTNERSHIP ACT Sample Clauses

RECORDS REQUIRED BY PARTNERSHIP ACT. During the term of the Partnership and for a period of four years thereafter (but in no event for a period of less than seven years), the Managing General Partner, at the expense of the Partnership, shall maintain in the Partnership's principal place of business specified in Article IV hereof all records required to be kept pursuant to the Texas Revised Limited Partnership Act. The Managing General Partner shall maintain copies of federal state and local information and income tax returns for each of the Partnership's six most recent tax years, copies of this Agreement and the Partnership's certificate of limited partnership, including all amendments or restatements, executed copies of any powers of attorney under which this Agreement, the Partnership's certificate of limited partnership and any amendments and restatements thereto have been executed, and a written statement of the amount of Capital Contributions made by each Partner. An Interest Holder or an assignee of an Interest Holder's SDIs, on written request, may examine and copy, in person or by the Interest Holder's or assignee's representative, at any reasonable time, and at the Interest Holder's or assignee's expense, records required to be maintained under the Texas Revised Limited Partnership Act and such other information regarding the business, affairs and financial condition of the Partnership as is just and reasonable for the Interest Holder or assignee to examine and copy; provided, however, that all reports, logs and similar records may be kept confidential by the Managing General Partner for limited periods of time, not to exceed six months unless the Managing General Partner contemplates the acquisition of additional mineral properties in the vicinity of the operations to which such records pertain. Upon written request by any Interest Holder or an assignee of an Interest Holder's SDIs made to the Managing General Partner at the address specified in Article IV hereof, the Managing General Partner shall provide to the requesting Interest Holder or assignee without charge true copies of (A) this Agreement and the Partnership's certificate of limited partnership and all amendments or restatements, and (B) any of the tax returns of the Partnership described above. The Managing General Partner shall retain for a period of at least six years following the date of formation of the Partnership all records necessary to substantiate the fact that SDIs were sold only to purchasers meeting the sui...