Common use of Reports to Current Partners Clause in Contracts

Reports to Current Partners. Within ninety (90) ----------------------------------------- days after the end of each Fiscal Year or as soon thereafter as is reasonably possible, the Partnership shall prepare and mail to each Partner financial reports setting forth as of the end of such Fiscal Year: (a) a balance sheet of the Partnership; (b) a statement of income and expenses for such year; (c) such Partner's Capital Account as of the end of such year; and (d) such Partner's Capital Account and Partnership Percentage for the then current Accounting Period. Upon request, the Partnership will provide to tax-exempt Limited Partners accounting information required by such entities to report for income tax purposes their "unrelated business taxable income," but in such event would assess the cost of providing such information directly to such Limited Partners.