Common use of Reports to Current Partners Clause in Contracts

Reports to Current Partners. Within 90 days after the end of each audit date, or as soon thereafter as is reasonably possible, the Partnership shall cause its auditor to prepare and mail to each Partner, together with the report thereon of the accountants selected by the Managing General Partner, an audited financial report (which need not include the list of the Partnership's investments that may be required by generally accepted accounting principles) setting forth: (a) a balance sheet of the Partnership as of the end of such fiscal year; (b) a statement showing the Net Capital Appreciation or Net Capital Depreciation, as the case may be, for such year; (c) such Partner's Capital Account as of the end of such year; and (d) such Partner's Capital Account and Partnership Percentage for the then current Accounting Period. The Partnership will also provide periodic unaudited performance information, no less frequently than quarterly, to the Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.), Limited Partnership Agreement (Trian Fund Management, L.P.)

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Reports to Current Partners. Within 90 days after the end of each audit date, or as soon thereafter as is reasonably possible, the Partnership shall cause its auditor to prepare and mail to each Partner, together with the report thereon of the accountants selected by the Managing General Partner, an audited financial report (which need not include the list of the Partnership's ’s investments that may be required by generally accepted accounting principles) setting forth: (a) a balance sheet of the Partnership as of the end of such fiscal year; (b) a statement showing the Net Capital Appreciation or Net Capital Depreciation, as the case may be, for such year; (c) such Partner's ’s Capital Account Account(s) as of the end of such year; and (d) such Partner's ’s Capital Account Account(s) and Partnership Percentage for the then current Accounting Period. ; The Partnership will shall also provide periodic unaudited performance information, no less frequently than quarterly, to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.)

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Reports to Current Partners. Within 90 days after the end of each audit datefiscal year, or as soon thereafter as is reasonably possible, the Partnership shall cause its auditor to prepare and mail to each Partner, together with the report thereon of the accountants selected by the Managing General Partner, an audited financial report (which need not include the list of the Partnership's ’s investments that may be required by generally accepted accounting principles) setting forth: (a) a balance sheet of the Partnership as of the end of such fiscal year; (b) a statement showing the Net Capital Appreciation or Net Capital Depreciation, as the case may be, for such year; (c) such Partner's ’s Capital Account Account(s) as of the end of such year; and (d) such Partner's ’s Capital Account Account(s) and Partnership Percentage for the then current Accounting Period. ; The Partnership will shall also provide periodic unaudited performance information, no less frequently than quarterly, to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Trian Fund Management, L.P.)

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