Partnership Accounting Year definition

Partnership Accounting Year means and refer to the accounting year of the Partnership ending December 31 of each calendar year or such shorter fiscal period during such year for which a relevant determination is being made under this Agreement.
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Partnership Accounting Year means the accounting year of the Partnership, ending December 31 of each year.
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Examples of Partnership Accounting Year in a sentence

  • In the event that there is a net decrease in Partnership minimum gain (as defined in Regulation § 1.704-2(d)) during a Partnership Accounting Year or period, all Partners shall be allocated, before any other allocation is made of the Partnership Items for such year or period, items of income and gain for such year or period (and, if necessary, subsequent years) in the manner and to the extent required by Regulation §1.704-2(f).

  • For each Partnership Accounting Year, items of gross income or gain for such Partnership Accounting Year shall be specially allocated to the Investor Limited Partner in an amount equal to the distributions received by the Investor Limited Partner pursuant Section 4.02(a)(v) in such Partnership Accounting Year (and in any previous Partnership Accounting Year to the extent an allocation pursuant to this Section 4.04(l) was not made in such previous Partnership Accounting Year).

  • All distributions made within any Partnership Accounting Year shall be subject to adjustment by reference to the financial statements for such Partnership Accounting Year.

  • At the discretion of the Managing General Partner, the books shall be kept on the cash receipts and disbursements method or on an accrual method for the Partnership Accounting Year.

  • If any additional amount is to be distributed by reason of such financial statements, such additional amount shall be deemed a distribution for such Partnership Accounting Year; and if any excess amount was distributed during such Partnership Accounting Year, as reflected by such financial statements, the excess amount shall be taken into account in reducing subsequent distributions.

  • Financial statements of the Partnership, certified true and correct by a certified public accountant, shall be prepared for and as of the end of each Partnership Accounting Year by such independent certified public accountants as the Managing General Partner may designate, and each Partner shall be entitled, within ninety (90) days after the end of such Partnership Accounting Year, to a copy of such financial statements.

Related to Partnership Accounting Year

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Partnership Year means the fiscal year of the Partnership, which shall be the calendar year.

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Fiscal Year End means the end of each Fiscal Year.

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Accounting Event has the meaning set forth in the Supplemental Indenture.

  • Trust Fiscal Year means the period commencing on March 1 of any year and ending on February 28 (or February 29, if applicable) of the following year.

  • Academy Financial Year means the year from 1st September to 31st August or such other period as the Secretary of State may from time to time specify by notice in writing to the Academy Trust;

  • Fiscal Year means the fiscal year of the Company.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Accounting Reference Date means 31 December.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5.

  • Membership Year means a 12-month period starting on the anniversary of the date that the membership commenced.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Accounting Periods means each month.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Fiscal Period means the period commencing on the Closing Date, and thereafter each period commencing on the day immediately following the last day of the immediately preceding Fiscal Period, and ending in each case at the close of business on the first to occur of the following dates:

  • Election Year means a year in which ordinary elections for local governments are required to be held;