Accounts Reports and Auditors. Proper books of account shall be kept for the Joint Service. Regular, true and correct entries made therein of all monies, effects and credits belonging to the Fleet and all such other matters, transactions and things in any way relating to and having regard to the nature of the Fleet business. The books of account and all bills, notes, securities, contracts, letters and papers shall remain and be kept by the Marketing/Administrative Agent and/or auditors. The Owners shall have free access to and the right to inspect the same. The accounts are maintained in accordance with U.S. generally accepted accounting principles ("G.A.A.P."). Earnings distribution accounts shall be made up in respect of each financial period going from each December 1st to the following November 30th and shall be audited by Xxxxxx Xxxxxxxx & Co. Such audited accounts shall be distributed to the Owners within one week after the end of the audit. In addition, the Marketing/Administrative Agent will provide the Owners with the following reports:
Accounts Reports and Auditors. Section 9.01 Books of Account 37 Section 9.02 Audit and Report 37 Section 9.03 Fiscal Year 38 ARTICLE 10
Accounts Reports and Auditors. 52 Section 9.01 Books of Account. 52 Section 9.02 Audit and Report. 52 Section 9.03 Fiscal Year. 53 ARTICLE 10 MISCELLANEOUS 54 Section 10.01 Assignability. 54 Section 10.02 Binding Agreement. 56 Section 10.03 Gender. 56 Section 10.04 Notices. 56 Section 10.05 Consents and Approvals. 56 Section 10.06 Counterparts. 57 Section 10.07 Amendments. 57 Section 10.08 Power of Attorney. 58 Section 10.09 Applicable Law. 59 Section 10.10 Severability. 59 Section 10.11 Entire Agreement. 59 Schedule A – Partners and Commitments Exhibit I – Valuation Guidelines MODEL DEBENTURE SBIC, L.P. AGREEMENT OF LIMITED PARTNERSHIP dated and effective as of _______ __, ___, among [general partner], a [state of organization and type of entity] (in its capacity as a general partner of the Partnership) and the Limited Partners, as amended from time to time.1 The parties, in consideration of their mutual agreements stated in this Agreement, agree to become partners and to form a limited partnership under the Act. The purpose of the Partnership is to operate as a small business investment company under the SBIC Act, licensed by SBA for the period and upon the terms and conditions stated in this Agreement. The parties further agree as follows:
Accounts Reports and Auditors
