Reports to Limited Partners. (a) As soon as practicable after the close of each fiscal quarter (other than the last quarter of the fiscal year), the General Partner shall cause to be mailed to each Limited Partner a quarterly report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal quarter, presented in accordance with generally accepted accounting principles. As soon as practicable after the close of each fiscal year, the General Partner shall cause to be mailed to each Limited Partner an annual report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal year, presented in accordance with generally accepted accounting principles. The annual financial statements shall be audited by accountants selected by the General Partner.
Reports to Limited Partners. (a) As soon as practicable after the close of each fiscal year, the General Partner shall cause to be mailed to each Limited Partner an annual report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal year, presented in accordance with generally accepted accounting principles. The annual financial statements shall be audited by accountants selected by the General Partner.
Reports to Limited Partners. (a) If the General Partner is required to furnish an annual report to its shareholders containing financial statements of the General Partner, the General Partner will, at the same time and in the same manner, furnish such annual report to each Limited Partner.
Reports to Limited Partners. 35 ARTICLE 11. AMENDMENT OF AGREEMENT; MERGER..........................................................................36
Reports to Limited Partners. (a) If the Company is required to furnish an annual report to its stockholders containing financial statements of the Company, the Company will, at the same time and in the same manner, furnish such annual report to each Limited Partner. The annual financial statements shall be audited by accountants selected by the Company.
Reports to Limited Partners. (a) The books of the Partnership shall be audited annually as of the end of each fiscal year of the Partnership by accountants selected by the General Partner, who shall be the same accountants responsible for the examination of the General Partner's books. The General Partner shall determine and prepare an annual balance sheet, a statement of partners' capital as of the end of such year, as well as statements of cash flow and income, all in accordance with generally accepted accounting principles and accompanied by an independent auditor's report (collectively, the "Financial Statements"), together with all supplementary schedules and information prepared by the accountants related thereto. As a note to such Financial Statements, the General Partner shall prepare a schedule of all loans to the Partnership. Such schedule shall demonstrate that loans have been made, used, carried on the books of the Partnership (and repaid, if applicable) in accordance with the provisions of this Agreement. Within 90 days after the end of each fiscal year, the General Partner shall transmit the Financial Statements to the Limited Partners. The General Partner also shall prepare quarterly unreviewed Financial Statements and shall transmit such statements to the Limited Partners within 45 days of the end of each fiscal quarter of the Partnership.
Reports to Limited Partners. Within ninety (90) days after the end of each fiscal year of the Partnership, the General Partners will deliver to each Limited Partner such information as is necessary for the preparation of such Limited Partner of his federal income tax return, and state income or other tax returns. Within 120 days after the end of each Partnership fiscal year, the General Partners will deliver to each Limited Partner an annual report which includes audited financial statements of the Partnership prepared in accordance with generally accepted accounting principals, and which contains a reconciliation of amounts shown therein with amounts shown on the method of accounting used for tax reporting purposes.
Reports to Limited Partners. Within 90 days after the end of each Year of the Partnership, the General Partner will send to each person who was a Limited Partner at any time during such year such tax information, including, without limitation, Federal Tax Schedule K-1, as will be reasonably necessary for the preparation by such person of his federal income tax return, and such other financial information as may be required by the Act.
Reports to Limited Partners. Within 90 days after the end of each fiscal year of the Partnership, the General Partners will deliver to each Limited Partner such information as is necessary for the preparation by such Limited Partner of his federal income tax return, and state income or other tax returns. Within 120 days after the end of each Partnership fiscal year, the General Partners will deliver to each Limited Partner an annual report which includes audited financial statements of the Partnership prepared in accordance with generally accepted accounting principles, and which contains a reconciliation of amounts shown therein with amounts shown on the method of accounting used for tax reporting purposes. Such financial statements include a profit and loss statement, a balance sheet of the Partnership, a Cash Flow statement and a statement of changes in financial position. The annual report for each year reports on the Partnership's activities for that year, identifies the source of Partnership Distributions, sets forth the compensation paid to the General Partners and their Affiliates and a statement of the services performed in consideration therefor and contains such other information as is deemed reasonably necessary by the General Partners to advise the Limited Partners of the affairs of the Partnership. For as long as the Partnership is required to file quarterly reports on Form 10-Q with the Securities and Exchange Commission, the information contained in each such report for a quarter shall be sent to the Limited Partners within 60 days after the end of such quarter. If and when such reports are not required to be filed, each Limited Partner will be furnished, within 60 days after the end of each of the first three quarters of each Partnership fiscal year, an unaudited financial report for that period including a profit and loss statement, a balance sheet and a Cash Flow statement. The foregoing reports for any period in which fees are paid to the General Partners or their Affiliates for services shall set forth the fees paid and the services rendered. PLAN OF DISTRIBUTION Subject to the conditions set forth in this Prospectus and in accordance with the terms and conditions of the Partnership Agreement, the Partnership offers through qualified broker dealers on a best efforts basis, a maximum of 300,000 Units ($30,000,000) of Limited Partnership Interest at $100 per Unit. The minimum subscription is twenty (20) Units ($2,000). Participating Broker Dealers will receive sales...
Reports to Limited Partners. (a) As soon as practicable after the close of each fiscal quarter, but in no event later than 45 days (other than the last quarter of the fiscal year), the General Partner shall cause to be mailed to each Limited Partner a quarterly report containing financial statements of the Partnership, or of the Company if such statements are prepared solely on a consolidated basis with the Company, for such fiscal quarter, presented in accordance with generally accepted accounting principles. As soon as practicable after the close of each fiscal year, the General Partner shall cause to be mailed to each Limited Partner an annual report containing financial statements of the Partnership, or of the Company if such statements are prepared solely on a consolidated basis with the Company for such fiscal year, prepared in accordance with generally accepted accounting principles. The annual financial statements shall be audited by accountants selected by the General Partner.
