Common use of Accounting Decisions Clause in Contracts

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent manner. Such decisions must be acceptable to the Accountants, and the General Partners may rely upon the advice of such Accountants as to whether such decisions are in accordance with generally accepted accounting principles.

Appears in 5 contracts

Sources: Agreement of Limited Partnership (Krupp Realty LTD Partnership V), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii), Agreement of Limited Partnership (Krupp Realty Fund LTD Iii)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, matters shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership principles provided for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerthis Agreement, consistently applied. Such decisions must shall be acceptable to the Accountantsaccountants or attorneys retained by the Partnership, and the General Partners Partner may rely upon the advice of such Accountants the accountants or attorneys as to whether such decisions are in accordance with generally accepted such accounting principles.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Sun Communities Inc), Limited Partnership Agreement (Sun Communities Inc), Limited Partnership Agreement (Sun Communities Inc)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for generally accepted federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerconsistently applied. Such decisions must may be acceptable to the Accountantsaccountants retained by the Partnership, and the General Partners may rely upon the advice of such Accountants the accountants as to whether such decisions are in accordance with generally accepted federal income tax accounting principles.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Chateau Properties Inc), Limited Partnership Agreement (Chateau Communities Inc)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent manner. Such decisions must be acceptable to the Accountants, and the The General Partners may rely upon the advice of such the Accountants as to whether such decisions are in accordance with generally accepted accounting principles.

Appears in 2 contracts

Sources: Agreement of Limited Partnership (Krupp Cash Plus Ii LTD Partnership), Agreement of Limited Partnership (Krupp Cash Plus LTD Partnership)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent manner. Such decisions must be acceptable to the Accountants, and the The General Partners may rely upon the advice of such the Accountants as to whether such decisions are in accordance with generally accepted accounting principlesprinciples and methods followed for federal income tax purposes.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership), Limited Partnership Agreement (Krupp Insured Plus Ii LTD Partnership)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary hereinin this Agreement, shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and or otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerprinciples. Such Those decisions must be acceptable to the Accountants, and the General Partners Partner may rely upon on the advice of such the Accountants as to whether such those decisions are in accordance with the methods adopted by the Partnership for federal income tax purposes or generally accepted accounting principles.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Resource Real Estate Investors 7, L.P.), Limited Partnership Agreement (Resource Real Estate Investors 6 LP)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerMethod of Accounting. Such These decisions must be acceptable to the AccountantsAccountant, and the General Partners Partner may rely upon the advice of such Accountants the Accountant as to whether such decisions are in accordance with generally accepted accounting principlesthe Method of Accounting.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Ashton Houston Residential L.L.C.), Limited Partnership Agreement (Ashton Houston Residential L.L.C.)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise Managing Partner in accordance with generally accepted accounting principles and procedures applied in a consistent manner. Such decisions must be acceptable to the Accountants, and the General The Partners may rely upon the advice of such Accountants the Partnership’s accountants as to whether such decisions are a decision is in accordance with generally accepted accounting principles.

Appears in 1 contract

Sources: Partnership Agreement (Roadhouse Grill Inc)

Accounting Decisions. All decisions as to accounting matters, except -------------------- as specifically provided to the contrary herein, shall be made by the General Partners in accordance with Partner, including the method of accounting methods adopted by the Partnership for federal income tax purposes and otherwise (cash or accrual). All such decisions shall be in accordance with generally accepted accounting principles and procedures applied in a consistent manneror with the comprehensive method of accounting used for tax purposes. Such decisions must be acceptable to the Accountants, and the The General Partners Partner may rely upon the advice of such Accountants the accountants of the Partnership as to whether such decisions are in accordance with generally accepted accounting principlessuch methods.

Appears in 1 contract

Sources: Limited Partnership Agreement (PSS Holding Inc)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with Partner, including the method of accounting methods adopted by the Partnership for federal income tax purposes and otherwise (cash or accrual). All such decisions shall be in accordance with generally accepted accounting principles and procedures applied in a consistent manneror with the comprehensive method of accounting used for tax purposes. Such decisions must be acceptable to the Accountants, and the The General Partners Partner may rely upon the advice of such Accountants the accountants of the Partnership as to whether such decisions are in accordance with generally accepted accounting principlessuch methods.

Appears in 1 contract

Sources: Limited Partnership Agreement (Physician Sales & Service, Inc.)

Accounting Decisions. All decisions as to accounting matters, except as otherwise specifically provided to the contrary set forth herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerPartner. Such decisions must be acceptable to the Accountants, and the The General Partners Partner may rely upon the advice of such Accountants its accountants as to whether such decisions are in accordance with generally accepted accounting principlesmethods followed for federal income tax purposes.

Appears in 1 contract

Sources: Limited Partnership Agreement (Alltrista Newco Corp)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary hereinin this Agreement, shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and or otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerprinciples. Such decisions must be acceptable to the Accountants, and the General Partners Partner may rely upon the advice of such the Accountants as to whether such decisions are in accordance with the methods adopted by the Partnership for federal income tax purposes or generally accepted accounting principles.

Appears in 1 contract

Sources: Limited Partnership Agreement (Lease Equity Appreciation Fund II, L.P.)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with Partner, including the method of accounting methods adopted by the Partnership for federal income tax purposes and otherwise (cash or accrual). All such decisions shall be in accordance with generally accepted accounting principles and procedures applied in a consistent manneror with the comprehensive method of accounting used for tax purposes. Such decisions must be acceptable to the Accountants, and the The General Partners Partner may rely upon the advice of such the Accountants as to whether such decisions are in accordance with generally accepted accounting principlessuch methods.

Appears in 1 contract

Sources: Limited Partnership Agreement (2420 Lakemont Avenue MM, LLC)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and or otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerprinciples. Such decisions must be acceptable to the Accountants, and the General Partners Partner may rely upon the advice of such the Accountants as to whether such decisions are in accordance with the methods adopted by the Partnership for federal income tax purposes or generally accepted accounting principles.

Appears in 1 contract

Sources: Limited Partnership Agreement (Icon Holdings Corp)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the General Partners in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and otherwise Partner in accordance with generally accepted accounting principles and procedures applied in on a consistent mannerbasis. Such decisions must be acceptable to the Accountants, and the General Partners may rely upon the advice of such Accountants as to whether such decisions are in accordance with generally accepted accounting principlesPartnership's auditors.

Appears in 1 contract

Sources: Limited Partnership Agreement (Ft 8001)

Accounting Decisions. All decisions as to accounting matters, except as specifically provided to the contrary hereinin this Agreement, shall be made by the General Partners Partner in accordance with the accounting methods adopted by the Partnership for federal income tax purposes and or otherwise in accordance with generally accepted accounting principles and procedures applied in a consistent mannerGAAP. Such decisions must be acceptable to the Accountants, and the General Partners Partner may rely upon on the advice of such the Accountants as to whether such its decisions are in accordance with generally accepted accounting principlesthe methods adopted by the Partnership for federal income tax purposes or GAAP.

Appears in 1 contract

Sources: Limited Partnership Agreement (LEAF Equipment Finance Fund 4, L.P.)