Common use of Interim Closing of the Books Clause in Contracts

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Industrial Property Trust Inc.), Industrial Property Trust Inc., Industrial Property Trust Inc.

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Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission to the Partnership of the Initial Limited Partners, (ii) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.

Appears in 2 contracts

Samples: Fairfield Inn by Marriott LTD Partnership, Fairfield Inn by Marriott LTD Partnership

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission to the Partnership of the Original Limited Partners, (ii) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, Code and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.. ARTICLE TEN MEETINGS AND VOTING RIGHTS OF LIMITED PARTNERS

Appears in 2 contracts

Samples: Hanover Marriott Limited Partnership, Desert Springs Marriott Limited Partnership

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission to the Partnership of the Original Limited Partners pursuant to the initial closing of the offering pursuant to the Private Placement Memorandum, (ii) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.

Appears in 1 contract

Samples: Marriott Diversified American Hotels L P

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission of Additional Limited Partners pursuant to subparagraph 3.3.1, (ii) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, Code and (iii) at such other times as the General Partner shall determine are required by good accounting practice practices or may be appropriate under the circumstances.

Appears in 1 contract

Samples: Icos Corp / De

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Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission to the Partnership of Original Limited Partners, (ii) at any time a taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, Code and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.

Appears in 1 contract

Samples: Marriott Hotel Properties Ii Limited Partnership

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at any time a taxable year of the Partnership ends pursuant to the Code, and (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances.

Appears in 1 contract

Samples: Industrial Income Trust Inc.

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at any such time a as the Partnership's taxable year of the Partnership ends pursuant to the Code, (ii) upon a closing of the Buy-Sell pursuant to Section 9.1, Code and (iii) at such other times as the General Partner shall determine are is required by good generally accepted accounting practice practices or may be is appropriate under the circumstances.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

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