Common use of Interim Closing of the Books Clause in Contracts

Interim Closing of the Books. There shall be an interim closing of the books of account of the Partnership (i) at the date of the admission to the Partnership of the Original Limited Partners, (ii) at any time a taxable year of the Partnership ends pursuant to the Code and (iii) at such other times as the General Partner shall determine are required by good accounting practice or may be appropriate under the circumstances. ARTICLE TEN MEETINGS AND VOTING RIGHTS OF LIMITED PARTNERS

Appears in 2 contracts

Sources: Limited Partnership Agreement (Desert Springs Marriott Limited Partnership), Agreement of Limited Partnership (Hanover Marriott Limited Partnership)