Common use of Accounting Method Clause in Contracts

Accounting Method. For both financial and tax reporting purposes, the books and records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 12 contracts

Sources: Agreement of Limited Partnership (Enron Capital Trust Ii), Limited Partnership Agreement (Merrill Lynch Preferred Funding I Lp), Limited Partnership Agreement (Capita Preferred Trust)

Accounting Method. For both financial and tax reporting purposes, the books and 37 records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 6 contracts

Sources: Limited Partnership Agreement (Merrill Lynch Preferred Funding Ii Lp), Limited Partnership Agreement (Uds Funding Ii Lp), Agreement of Limited Partnership (Merrill Lynch Preferred Capital Trust Ii)

Accounting Method. For both financial and tax reporting purposespurposes and for purposes of determining profits and losses, the books and records of the Partnership shall be kept on the accrual method of accounting applied on in a consistent basis manner and shall reflect all Partnership transactionstransactions and be appropriate for the Partnership's business.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Motient Corp), Limited Partnership Agreement (Motient Corp), Limited Partnership Agreement (Skyterra Communications Inc)

Accounting Method. For both financial and tax reporting ----------------- purposes, the books and records of the Partnership shall be kept on the accrual method of accounting applied on a consistent basis and shall reflect all Partnership transactions.

Appears in 1 contract

Sources: Agreement of Limited Partnership (Hawaiian Electric Industries Inc)