Common use of Books and Records; Accounting Method Clause in Contracts

Books and Records; Accounting Method. The Partners shall keep or cause to be kept at the principal place of business of the Partnership (or at such other place as the Partners shall agree) full and accurate books and records of the Partnership. The books and records shall be available, upon ten Business Days’ notice to the other Partners, for inspection and copying at reasonable times during business hours by each Partner or its duly authorized agents or representatives for any purpose reasonably related to such Partner’s interest in the Partnership. The books of account and records of the Partnership shall be maintained in accordance with generally accepted accounting principles as applied in the United States but need not be audited by independent public accountants.