Common use of Fiscal Year and Interim Accounting Clause in Contracts

Fiscal Year and Interim Accounting. The fiscal year of the Partnership shall end on December 31 of each year. The Managing Partner may cause the books of account of the Partnership to be closed on an interim basis, when it deems such closing necessary or appropriate under the circumstances, including but not limited to a transfer of a Partnership Interest causing a termination of the Partnership for tax purposes.

Fiscal Year and Interim Accounting. The fiscal year of the Partnership shall end on December 31 of each year. The Managing General Partner may cause the books of account of the Partnership to be closed on an interim basis, when it deems such closing necessary or appropriate under the circumstances, including but not limited to a transfer of a Partnership Interest causing a termination of the Partnership for tax purposes.