Reports, Returns and Audits. The books of account will be kept on the accrual basis of accounting. The Members reserves the right, however, to change the accounting methods of the Company. The books of the Company will be closed promptly after the end of each Fiscal Year. Within 75 days of the end of each Fiscal Year, each Member will be provided with an information letter containing all information concerning the Company necessary for the preparation of the Member’s income tax return(s).
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Partnership Year. The books and records of the Partnership shall be audited on a consolidated basis as of the end of each Partnership Year by the Auditor.
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Partnership Year. The books and records of the Partnership shall be audited as of the end of each Partnership Year by the Auditor. Within sixty days after the end of each Partnership Year, the General Partner shall make a written report to each person who was a Partner at any time during such Partnership Year which shall include financial statements comprised of at least the following: a balance sheet as of the close of the preceding Partnership Year, and statements of earnings or losses, changes in financial position and changes in Partners’ Capital Accounts for the Partnership Year then ended, which financial statements shall be certified by the Auditor as in accordance with Generally Accepted Accounting Principles. The report shall also contain such additional statements with respect to the status of the Partnership business as are considered necessary by the Advisory Committee to advise all Partners properly about their investment in the Partnership.
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Partnership Year. The books and records of the Partnership shall be audited as of the end of each Partnership Year by the Auditor. Within sixty days after the end of each Partnership Year, the General Partner shall make a written report to each person who was a Partner at any time during such Partnership Year which shall include financial statements comprised of at least the following: a balance sheet as of the close of the preceding Partnership Year, and statements of earnings or losses, changes in financial position and changes in Partners’ Capital Accounts for the Partnership Year then ended, which financial statements shall be certified by the Auditor as in accordance with Generally Accepted Accounting Principles. The report shall also contain such additional statements with respect to the status of the Partnership business as are considered necessary by any member of the Advisory Committee to advise any or all Partners properly about their investment in the Partnership. As soon as practicable after the end of each month in each Partnership Year, the Partnership shall deliver to Holdco and PAG a written report which shall include forecasts for the current quarter, including forecast changes in debt balance of the Partnership.
Reports, Returns and Audits. The Tax Matters Partner will furnish or will cause to be furnished to each Member:
Reports, Returns and Audits. The Manager will furnish or will cause to be furnished to each Party:
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Partnership Year. The books and records of the Partnership shall be audited as of the end of each Partnership Year by the Auditor. Within ninety (90) days after the end of each Partnership Year, the General Partner shall make a written report to each person who was a Partner at any time during such Partnership Year which shall include financial statements comprised of at least the following: a balance sheet as of the close of the preceding Partnership Year, and statements of earnings or losses, changes in financial position and changes in Partners’ capital accounts for the Partnership Year then ended, which financial statements shall be certified by the Auditor as in accordance with Generally Accepted Accounting Principles. The report shall also contain such additional statements with respect to the status of the Partnership business as are considered necessary by any member of the Advisory Committee to advise any or all Partners properly about their investment in the Partnership. As soon as practicable after the end of each quarter in each Partnership Year, the Partnership shall deliver to PTLC, the GE Representative Partner, PAG and, so long as the Mitsui Partners, collectively, hold not less than a ten percent (10%) Percentage Interest, MBK CV, a written report which shall include forecasts for the current quarter, including forecast changes in debt balance of the Partnership.
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Fiscal Year. Within ninety days thereafter, the General Partner shall deliver a written report to each Person who was a Partner at any time during such Fiscal Year, which shall include a statement of profits and losses and a statement of cash flows for the Fiscal Year, and a balance sheet as of the close of the Fiscal Year, none of which need be audited. The report shall also contain statements describing transactions by the Partnership with the General Partner or its Affiliates and such additional statements with respect to the status of the Partnership business and the distribution of Partnership funds as are considered necessary by the General Partner in its sole discretion to advise all Partners properly about their investments in the Partnership.
Reports, Returns and Audits. The Company will furnish or will cause to be furnished to each Member (a) an Internal Revenue Service Schedule K-l with respect to such Member, and (b) within fifteen (15) days after receipt thereof, any notice of audit from the Internal Revenue Service. The Company shall use its commercially reasonable efforts to cause such Schedule K-1s to be delivered to each Member within one hundred twenty (120) days of the end of each Fiscal Year or as soon as reasonably practical thereafter. In the event that such K-1’s cannot be provided within one hundred twenty (120) days of the end of each Fiscal Year, the Company will instead deliver to each Member, according to the same timeframe, an estimate of the annual tax information for the applicable Fiscal Year, including an estimated Internal Revenue Service Schedule K-l.
Reports, Returns and Audits. (a) The books of account shall be closed promptly after the end of each Fiscal Year. The books and records of the Company and its Subsidiaries shall be audited on a consolidated basis as of the end of each Fiscal Year by the Auditor. Within ninety days (90) days after the end of each Fiscal Year, the Manager shall make a written report to each Person who was a Member at any time during such Fiscal Year which shall include financial statements composed of an audited balance sheet, income statement, statement of cash flows and statement of changes in Members’ Capital Accounts for the Fiscal Year then ended, which financial statements shall be prepared in accordance with GAAP, together with an audit opinion from the Auditor.
