Common use of Financial Accounting Matters Clause in Contracts

Financial Accounting Matters. The method by which the financial statements of the Partnership shall be prepared (including the allocation of all revenues and expenses, including depreciation, to the respective Partner's Capital Accounts) shall be such reasonable method as is employed by the General Partner for other properties of which it shall be the owner or the general partner or managing Partner thereof.

Financial Accounting Matters. The method by which the financial statements of the Partnership and the Property LLC shall be prepared (including the allocation of all revenues and expenses, including depreciation, to the respective Partner's Capital Accounts) shall be such reasonable method as is employed by the General Partner for other properties of which it shall be the owner or the general partner or managing Partner thereof.

Financial Accounting Matters. The method by which the financial statements of the Partnership and each of the Property Partnerships shall be prepared (including the allocation of all revenues and expenses, including depreciation, to the respective Partner's Capital Accounts) shall be such reasonable method as is employed by the General Partner for other properties of which it shall be the owner or the general partner or managing Partner thereof.