Reports to Partners. (a) After the end of each Fiscal Year, the Managing General Partner shall have prepared (i) financial statements of the Partnership as of the close of the Fiscal Year in accordance with GAAP, including a balance sheet, a statement of income or loss, a statement of cash flows and a statement of changes in partners’ capital, which shall be audited by the Partnership Auditor, (ii) an unaudited current value balance sheet for the Partnership, and (iii) a schedule and summary description of each Investment owned by the Partnership as of the end of such Fiscal Year. Copies of such financial statements and schedule and summary description shall be furnished to each Person who was a Partner in the Partnership at the end of such Fiscal Year not later than ninety days after the end of the Fiscal Year, together with an opinion of the Partnership Auditor on the audited financial statements based on its audit of such financial statements.
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Samples: Management and Leasing Agreement (Hines Real Estate Investment Trust Inc), Hines Real Estate Investment Trust Inc
Reports to Partners. (a) After the end of each Fiscal Year, the Managing General Partner shall have prepared (i) financial statements of the Partnership as of the close of the Fiscal Year in accordance with GAAP, including a balance sheet, a statement of income or loss, a statement of cash flows and a statement of changes in partners’ capital, which shall be audited by the Partnership Auditor, (ii) an unaudited current value balance sheet for the Partnership, and (iii) a schedule and summary description of each Investment owned by the Partnership as of the end of such Fiscal Year. Copies of such financial statements and schedule and summary description shall be furnished to each Person who was a Partner in the Partnership at the end of such Fiscal Year not later than ninety days after the end of the Fiscal Year, together with an opinion of the Partnership Auditor on the audited financial statements based on its audit of such financial statements.
Appears in 2 contracts
Samples: Hines Real Estate Investment Trust Inc, Hines Real Estate Investment Trust Inc
Reports to Partners. (a) After the end of each Fiscal Year, the Managing General Partner shall have prepared (i) financial statements of the Partnership as of the close of the Fiscal Year in accordance with GAAP, including a balance sheet, a statement of income or loss, a statement of cash flows and a statement of changes in partners’ capital, which shall be audited by the Partnership Auditor, (ii) an unaudited current value balance sheet for the Partnership, and (iii) a schedule and summary description of each Investment owned by 70 the Partnership as of the end of such Fiscal Year. Copies of such financial statements and schedule and summary description shall be furnished to each Person who was a Partner in the Partnership at the end of such Fiscal Year not later than ninety days after the end of the Fiscal Year, together with an opinion of the Partnership Auditor on the audited financial statements based on its audit of such financial statements.
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