Common use of Accounting Method Clause in Contracts

Accounting Method. For both financial and tax reporting purposes, the books and records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 12 contracts

Samples: Agreement (Merrill Lynch Preferred Funding I Lp), Agreement (Capita Preferred Trust), Txu Europe Funding I L P

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Accounting Method. For both financial and tax reporting purposes, the books and 37 records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 6 contracts

Samples: Uds Funding Ii Lp, Merrill Lynch Preferred Capital Trust Iv, Merrill Lynch Preferred Funding Ii Lp

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Accounting Method. For both financial and tax reporting ----------------- purposes, the books and records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 1 contract

Samples: Hawaiian Electric Industries Inc

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