Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets of the Partnership, the allocation of profits, gains and losses among the Partners, including taxes thereon, and accounting procedures not expressly provided for by the terms of this Agreement, shall be determined by the General Partner, whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Sources: Limited Partnership Agreement
Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets and liabilities of the Partnership, the allocation of profitsincome, deductions, gains and losses among the Partners, including taxes thereon, and accounting procedures not expressly provided for by the terms of this Agreement, Agreement shall be determined by the General Partner, whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets and liabilities of the Partnership, the allocation of profits, gains and losses among the Partners, including taxes thereon, and accounting procedures not expressly provided for by the terms of this Agreement, shall be determined by in the sole and absolute discretion of the General Partner, whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Sources: Limited Partnership Agreement
Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets and liabilities of the Partnership, the allocation of profits, income, deductions, gains and losses among the Partners, including taxes thereon, and accounting procedures not expressly provided for by the terms of this Agreement, Agreement shall be determined by the General Partner, whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets of the PartnershipSecurities, the allocation of profits, gains and losses among the Partners, Partners including taxes thereontheir taxable status, and accounting procedures not specifically and expressly provided for by the terms of this Agreement, shall be determined by the General PartnerPartner on a fair and equitable basis (subject where appropriate, to generally accepted accounting principles, as recommended by the accountants for the Partnership) whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Determination by General Partner of Certain Matters. All matters concerning the valuation of Securities and other assets of the PartnershipSecurities, the determination and allocation of profits, gains Net Profits and losses Losses among the Partners, including taxes thereonthe federal income tax allocations among the Partners, and accounting procedures procedures, not specifically and expressly provided for by the terms of this Agreement, shall be determined by the General Partner, whose determination shall be final and conclusive as to all of the Partners.
Appears in 1 contract
Sources: Limited Partnership Agreement (Value Partners LTD /Tx/)