Common use of Interim Closing Clause in Contracts

Interim Closing. Each of the parties hereto who is a Partner pursuant to the Fourth Partnership Agreement prior to this Amendment agrees that it will be allocated income or loss for tax purposes pursuant to an interim closing of the books as of the date hereof pursuant to the relevant provisions of the Fourth Partnership Agreement.

Appears in 3 contracts

Sources: Third Amendment to Fourth Amended and Restated Agreement of Limited Partnership (Foamex Capital Corp), Fourth Amendment to Fourth Amended and Restated Agreement of Limited Partnership (Foamex Capital Corp), Second Amendment to Fourth Amended and Restated Agreement of Limited Partnership (Foamex International Inc)

Interim Closing. Each of the parties hereto who is a Partner pursuant to the Fourth Partnership Agreement prior to this Amendment agrees that it will be allocated income or loss for tax purposes pursuant to an interim closing of the books as of the date hereof of this Amendment, pursuant to the relevant provisions of the Fourth Partnership Agreement.

Appears in 1 contract

Sources: Agreement of Limited Partnership (JPS Automotive Products Corp)