Common use of Accounting and Bookkeeping Clause in Contracts

Accounting and Bookkeeping. The General Partner shall prepare and --------------------------- keep, for a period of not less than three (3) years, generally accepted accounting records, including cash registers having cumulative totals, bank books and duplicate deposit slips, records showing inventories and receipts of merchandise and other records from the operation of the Business which would normally be required to be kept or examined by an independent accountant pursuant to generally accepted auditing standards. The Limited Partners shall at all times during normal business hours have free access to and the right to inspect and copy the accounting records of the Business and/or Partnership, at the principal place of business of the Partnership. The General Partner, as an expense of the Business, shall prepare for the Partnership and provide the Limited Partners with a complete monthly accounting of the operation of the Business on a form similar to that attached hereto as Exhibit "C", within thirty (30) days of the end of each month during the term hereof. The monthly report shall also contain a statement of cumulative gross sales from the operation of the Business for the current year of this Agreement for purposes of determining any distributions pursuant to Article VIII below. The General Partner shall also provide copies of such other accounting records as may be reasonably requested by the Limited Partners and the Limited Partners may inspect the originals thereof at any reasonable time. The General Partner shall mail within seventy five (75) days after the close of each fiscal year, an annual report to the Limited Partners, which annual report shall constitute the accounting of the Partnership for such year. The annual report shall contain unaudited financial statements, certified by the Treasurer of the General Partner as accurate and correct, and shall otherwise be in such form and have such content as the General Partner deems proper. Such annual report shall include from every source, including net gains from disposition or sale of Partnership properties. Subject to the right of the Limited Partners to receive their share of the distributions pursuant to Article VIII hereof, all receipts from the operation of the Business, deposited into an account of the Partnership and/or the General Partner at a bank designated by the General Partner, shall only be withdrawn upon the direction of the General Partner, but cannot be unreasonably withheld. The Partners anticipate that payment of liquor purchases, payroll and general operations may be made from one or more additional accounts at one or more banks, selected by the General Partner. Funds from those accounts shall only be withdrawn by or at the direction of the General Partner.

Accounting and Bookkeeping. The General Partner shall prepare and --------------------------- keep, for a period of not less than three (3) years, generally accepted accounting records, including cash registers having cumulative totals, bank books and duplicate deposit slips, records showing inventories and receipts of merchandise and other records from the operation of the Business which would normally be required to be kept or examined by an independent accountant pursuant to generally accepted auditing standards. The Limited Partners shall at all times during normal business hours have free access to and the right to inspect and copy the accounting records of the Business and/or Partnership, at the principal place of business of the Partnership. The General Partner, as an expense of the Business, shall prepare for the Partnership and provide the Limited Partners with a complete monthly accounting of the operation of the Business on a form similar to that attached hereto as Exhibit "“C"”, within thirty (30) days of the end of each month during the term hereof. The monthly report shall also contain a statement of cumulative gross sales from the operation of the Business for the current year of this Agreement for purposes of determining any distributions pursuant to Article VIII below. The General Partner shall also provide copies of such other accounting records as may be reasonably requested by the Limited Partners and the Limited Partners may inspect the originals thereof at any reasonable time. The General Partner shall mail within seventy seventy- five (75) days after the close of each fiscal year, an annual report to the Limited Partners, which annual report shall constitute the accounting of the Partnership for such year. The annual report shall contain unaudited financial statements, certified by the Treasurer of the General Partner as accurate and correct, and shall otherwise be in such form and have such content as the General Partner deems proper. Such annual report shall include from every source, including net gains from disposition or sale of Partnership properties. Subject to the right of the Limited Partners to receive their share of the distributions pursuant to Article VIII hereof, all receipts from the operation of the Business, deposited into an account of the Partnership and/or the General Partner at a bank designated by the General Partner, shall only be withdrawn upon the direction of the General Partner, but cannot be unreasonably withheld. The Partners anticipate that payment of liquor purchases, payroll and general operations may be made from one or more additional accounts at one or more banks, selected by the General Partner. Funds from those accounts shall only be withdrawn by or at the direction of the General Partner.

Accounting and Bookkeeping. The General Partner shall prepare and --------------------------- keep, for a period of not less than three (3) years, generally accepted accounting records, including cash registers having cumulative totals, bank books and duplicate deposit slips, records showing inventories and receipts of merchandise and other records from the operation of the Business which would normally be required to be kept or examined by an independent accountant pursuant to generally accepted auditing standards. The Limited Partners shall at all times during normal business hours have free access to and the right to inspect and copy the accounting records of the Business and/or Partnership, at the principal place of business of the Partnership. The General Partner, as an expense of the Business, shall prepare for the Partnership and provide the Limited Partners with a complete monthly accounting of the operation of the Business on a form similar to that attached hereto as Exhibit "C", within thirty (30) days of the end of each month during the term hereof. The monthly report shall also contain a statement of cumulative gross sales from the operation of the Business for the current year of this Agreement for purposes of determining any distributions pursuant to Article VIII below. The General Partner shall also provide copies of such other accounting records as may be reasonably requested by the Limited Partners and the Limited Partners may inspect the originals thereof at any reasonable time. The General Partner shall mail within seventy five (75) days after the close of each fiscal year, an annual report to the Limited Partners, which annual report shall constitute the accounting of the Partnership for such year. The annual report shall contain unaudited financial statements, certified by the Treasurer of the General Partner as accurate and correct, and shall otherwise be in such form and have such content as the General Partner deems proper. Such annual report shall include from every source, including net gains from disposition or sale of Partnership properties. Subject to the right of the Limited Partners to receive their share of the distributions pursuant to Article VIII hereof, all receipts from the operation of the Business, deposited into an account of the Partnership and/or the General Partner at a bank designated by the General Partner, shall only be withdrawn upon the direction of the General Partner, but cannot be unreasonably withheld. The Partners anticipate that payment of liquor purchases, payroll and general operations may be made from one or more additional accounts at one or more banks, selected by the General Partner. Funds from those accounts shall only be withdrawn by or at the direction of the General Partner.. 7.2

Accounting and Bookkeeping. The General Partner shall prepare and --------------------------- keep, for a period of not less than three (3) years, generally accepted accounting records, including cash registers having cumulative totals, bank books and duplicate deposit slips, records showing inventories and receipts of merchandise and other records from the operation of the Business which would normally be required to be kept or examined by an independent accountant pursuant to generally accepted auditing standards. The Limited Partners shall at all times during normal business hours have free access to and the right to inspect and copy the accounting records of the Business and/or Partnership, at the principal place of business of the Partnership. The General Partner, as an expense of the Business, shall prepare for the Partnership and provide the Limited Partners with a complete monthly accounting of the operation of the Business on a form similar to that attached hereto as Exhibit "“C"”, within thirty (30) days of the end of each month during the term hereof. The monthly report shall also contain a statement of cumulative gross sales from the operation of the Business for the current year of this Agreement for purposes of determining any distributions pursuant to Article VIII below. The General Partner shall also provide copies of such other accounting records as may be reasonably requested by the Limited Partners and the Limited Partners may inspect the originals thereof at any reasonable time. The General Partner shall mail within seventy five (75) days after the close of each fiscal year, an annual report to the Limited Partners, which annual report shall constitute the accounting of the Partnership for such year. The annual report shall contain unaudited financial statements, certified by the Treasurer of the General Partner as accurate and correct, and shall otherwise be in such form and have such content as the General Partner deems proper. Such annual report shall include from every source, including net gains from disposition or sale of Partnership properties. Subject to the right of the Limited Partners to receive their share of the distributions pursuant to Article VIII hereof, all receipts from the operation of the Business, deposited into an account of the Partnership and/or the General Partner at a bank designated by the General Partner, shall only be withdrawn upon the direction of the General Partner, but cannot be unreasonably withheld. The Partners anticipate that payment of liquor purchases, payroll and general operations may be made from one or more additional accounts at one or more banks, selected by the General Partner. Funds from those accounts shall only be withdrawn by or at the direction of the General Partner.

Accounting and Bookkeeping. The General Partner shall prepare and --------------------------- keep, for a period of not less than three (3) years, generally accepted accounting records, including cash registers having cumulative totals, bank books and duplicate deposit slips, records showing inventories and receipts of merchandise and other records from the operation of the Business which would normally be required to be kept or examined by an independent accountant pursuant to generally accepted auditing standards. The Limited Partners shall at all times during normal business hours have free access to and the right to inspect and copy the accounting records of the Business and/or Partnership, at the principal place of business of the Partnership. The General Partner, as an expense of the Business, shall prepare for the Partnership and provide the Limited Partners with a complete monthly accounting of the operation of the Business on a form similar to that attached hereto as Exhibit "CA", within thirty (30) days of the end of each month during the term hereof. The monthly report shall also contain a statement of cumulative gross sales from the operation of the Business for the current year of this Agreement for purposes of determining any distributions pursuant to Article VIII below. The General Partner shall also provide copies of such other accounting records as may be reasonably requested by the Limited Partners and the Limited Partners may inspect the originals thereof at any reasonable time. The General Partner shall mail within seventy five (75) days after the close of each fiscal year, an annual report to the Limited Partners, which annual report shall constitute the accounting of the Partnership for such year. The annual report shall contain unaudited financial statements, certified by the Treasurer of the General Partner as accurate and correct, and shall otherwise be in such form and have such content as the General Partner deems proper. Such annual report shall include from every source, including net gains from disposition or sale of Partnership properties. Subject to the right of the Limited Partners to receive their share of the distributions pursuant to Article VIII hereof, all receipts from the operation of the Business, deposited into an account of the Partnership and/or the General Partner at a bank designated by the General Partner, shall only be withdrawn upon the direction of the General Partner, but cannot be unreasonably withheld. The Partners anticipate that payment of liquor purchases, payroll and general operations may be made from one or more additional accounts at one or more banks, selected by the General Partner. Funds from those accounts shall only be withdrawn by or at the direction of the General Partner.