Common use of Reports a Clause in Contracts

Reports a. No later than 75 days after the end of each calendar year, the General Partners will furnish each Person who was a Unitholder or Limited Partner at any time during the fiscal year with all tax information relating to the Partnership's performance for the preceding calendar year that is required to be set forth in the Unitholder's and Limited Partner's federal and state income tax return. B. Within 60 days after the end of each of the first three fiscal quarters of each fiscal year of the Partnership, the General Partner will furnish to each Person who was a Unitholder or Limited Partner at any time during the fiscal quarter then ended, a report setting forth information with respect to the progress of the Partnership's business, which report shall include: (i) an unaudited balance sheet of the Partnership; (ii) an unaudited statement of income for the quarter; (iii) an unaudited cash flow statement for the quarter; (iv) an unaudited statement setting forth in detail the services rendered to, and fees received from, the Partnership by any Sponsor; and (v) other pertinent information concerning the Partnership and its activities during the quarter. The various reports required pursuant to this Section 10.3.B may be sent earlier than or sepa- rately from any of the other reports required pursuant to this Section 10.3.B, and the information required to be contained in any of the reports required pursuant to this Section 10.3.B may be contained in more than one report. C. Within 120 days after the end of each fiscal year, the General Partners will furnish an annual report to each Person who was a Limited Partner or a Unitholder as of the last business day of the fiscal year then ended. Such annual report will include: (i) a balance sheet as of the end of the Partnership's fiscal year, statements of income, Partners' equity and changes in financial position, which shall be prepared in accordance with

Reports a. No later than 75 seventy-five (75) days after the end of each calendar year, the General Partners Partner will furnish each Person who was a Unitholder an Investor or Limited Partner at any time during the fiscal year with all tax information relating to the Partnership's performance for the preceding calendar year that is required to be set forth in the UnitholderInvestor's and Limited Partner's federal and state income tax return. B. Within 60 sixty (60) days after the end of each of the first three fiscal quarters of each fiscal year of the Partnership, the General Partner will furnish to each Person who was a Unitholder an Investor or Limited Partner at any time during the fiscal quarter then ended, a report setting forth information with respect to the progress of the Partnership's business, which report shall include: (i) an unaudited balance sheet of the Partnership; (ii) an unaudited statement of income for the quarter; (iii) an unaudited cash flow statement for the quarter; (iv) an unaudited statement setting forth in detail the services rendered to, and fees received from, the Partnership by any Sponsor; and (v) other pertinent information concerning the Partnership and its activities during the quarter. The various reports required pursuant to this Section 10.3.B may be sent earlier than or sepa- rately separately from any of the other reports required pursuant to this Section 10.3.B, and the information required to be contained in any of the reports required pursuant to this Section 10.3.B may be contained in more than one report. C. Within 120 one hundred twenty (120) days after the end of each fiscal year, the General Partners will Partner shall furnish an annual report to each Person who was a Limited Partner or a Unitholder an Investor as of the last business day of the fiscal year then ended. Such annual report will include: (i) a balance sheet as of the end of the Partnership's fiscal year, statements of income, Partners' equity and changes in financial positioncash flow, which shall be prepared in accordance withwith generally accepted accounting principles and accompanied by (a) an auditor's report containing an opinion of an independent certified public accountant and (b) a reconciliation to information furnished to Investors for income tax purposes; (ii) the breakdown of any Partnership costs reimbursed to a Sponsor and a statement setting forth in detail the services rendered to, and fees received from, the Partnership by any Sponsor as verified by a review of the time records of, and the specific nature of the work performed by, individual employees, the cost of whose services were reimbursed (and within the scope of the annual audit by the Accountants shall be the obligation to verify the allocations of the costs reimbursed to the General Partner or Affiliate thereof);