Accounting Basis for Tax and Reporting Purposes Sample Clauses

Accounting Basis for Tax and Reporting Purposes. Fiscal Year The books and records of the Production Partnership for tax purposes, for purposes of this agreement and for the purpose of reports to the Partners shall be kept on the accrual basis. The Fiscal Year of the Production Partnership shall be the calendar year to the extent permissible and the Managing Partner shall use its best efforts to obtain any necessary approvals therefor.
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Accounting Basis for Tax and Reporting Purposes. Fiscal Year The books and records of the Limited Partnership for tax purposes, for purposes of this Agreement and for the purpose of reports to the Partners, shall be kept on the accrual basis. The Fiscal Year of the Limited Partnership shall be the calendar year to the extent permissible and the General Partner shall use its best efforts to obtain any necessary approvals therefor.
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Accounting Basis for Tax and Reporting Purposes. Fiscal Year The books and records of the NPI Partnership for tax purposes, for purposes of this agreement and for the purpose of reports to the Partners shall be kept on the accrual basis. The Fiscal Year of the NPI Partnership shall be the calendar year to the extent permissible and the Managing Partner shall use its best efforts to obtain any necessary approvals therefor.
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Accounting Basis for Tax and Reporting Purposes. The books and records of the Company for tax purposes, for purposes of this Agreement and for the purpose of reports to the Members shall be kept in accordance with such method as the Board shall determine.
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Accounting Basis for Tax and Reporting Purposes. Fiscal Year -------------------------------------------------------------------------- The books and records of the Partnership for tax purposes, for purposes of this Agreement and for the purpose of reports to the Partners, shall be kept on the accrual basis. The Fiscal Year of the Partnership shall be the calendar year to the extent permissible and the General Partner shall use its best efforts to obtain any necessary approvals therefor.
Sample 1
Accounting Basis for Tax and Reporting Purposes. The books and records of JetFleet II for financial reporting purposes and for the purpose of reports to the Partners will be kept on an accrual basis in a manner consistent with generally accepted accounting principles. The Managing General Partner will cause the income tax returns of JetFleet II to be prepared on the accrual basis of accounting by the application of memorandum entries to the accrual basis books of account.
Sample 1
Accounting Basis for Tax and Reporting Purposes. The books and records of the Partnership for financial reporting purposes and for the purpose of reports to the Partners will be kept on an accrual basis in a manner consistent with generally accepted accounting principles. The Managing General Partner will cause the income tax returns of the Partnership to be prepared on the accrual basis of accounting by the application of memorandum entries to the accrual basis books of account.
Sample 1
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Related to Accounting Basis for Tax and Reporting Purposes

  • Accounting Basis The Company shall use such method of accounting as may be determined by the Board that is consistent with United States generally accepted accounting principles or such other accounting methods and conventions as the Board may from time to time determine to be used in the preparation of the Company’s tax returns.

  • Annual Tax Information and Report Within seventy-five (75) days after the end of each fiscal year of the Partnership, the General Partner shall furnish to each person who was a Limited Partner at any time during such year the tax information necessary to file such Limited Partner’s individual tax returns as shall be reasonably required by law.

  • Accounting Methods and Financial Records Maintain a system of accounting, and keep such books, records and accounts (which shall be true and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its properties.

  • Accounting and Financial Reporting 6.1. The Bank shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements made therefrom.

  • Accounting and Reporting I. The Agent shall establish separate accounts for the trust assets, the assets obtained as a result of managing and utilizing the trust assets, its own assets, and other trust assets.

  • Tax and Accounting Treatment Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP.

  • Accounting, Tax and Regulatory Matters Each Owner and the Company, -------------------------------------- jointly and severally, represents and warrants to Premiere that neither the Company, any Owner nor any Affiliate thereof has taken or agreed to take any action or has any knowledge of any fact or circumstance that is reasonably likely to (i) prevent the Merger from qualifying for pooling-of-interests accounting treatment or as a reorganization within the meaning of Section 368(a) of the Code, or (ii) materially impede or delay receipt of any consents referred to in Section 5.6 of the Uniform Terms or result in the imposition of a condition or restriction of the type referred to in the last sentence of such Section.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • Tax and Accounting Consequences (a) It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. The parties hereto adopt this Agreement as a "plan of reorganization" within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Income Tax Regulations.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

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