Reports to Current and Former Partners Sample Clauses

Reports to Current and Former Partners. In addition, within 60 days of the end of each fiscal year, the independent certified public accountants selected by the General Partner shall prepare and mail to each Partner (or his legal representatives) to the extent necessary a report setting forth in sufficient detail such transactions effected by the Partnership during such fiscal year as shall enable such Partner (or his legal representatives) to prepare their respective Federal Income Tax Returns in accordance with the laws, rules and regulations then prevailing.
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Reports to Current and Former Partners. As soon after the end of each Fiscal Year as is practicable, the General Partner shall cause the Partnership to prepare and mail, or cause its accountants to prepare and mail, to each Partner and, to the extent necessary, to each Former Partner (or its legal representative), a report setting forth in sufficient detail such information as shall enable such Partner or Former Partner (or its legal representative) to prepare its federal, state and local tax returns in accordance with the laws, rules and regulations then prevailing.
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Reports to Current and Former Partners. (a) Within 15 business days after the end of each calendar month, the General Partner shall prepare and mail to each Partner a report setting forth as of the end of the such calendar month (i) the value of the assets and liabilities of the Partnership and each Partner's proportional interest therein, along with a statement of the value as of or through such date of: Drawdowns, cash deposits and Permitted Investments, Unreturned Capital Contributions, capital account balances, Principal Payments, Cash Available for Distribution and earnings on cash deposits and Permitted Investments and (ii) the amount of each Loan, the amount of each Co-Loan made in connection therewith, and a list of all Loans rated in Category 3 or higher. In addition, such report shall include the information with respect to borrowings by the Partnership specified in Schedule B attached hereto. (b) Within 30 days after the end of each fiscal year, the General Partner shall prepare and mail, or cause the accountants of the Partnership to prepare and mail, to each Partner and, to the extent necessary, to each former Partner (or his legal representative), a report setting forth in sufficient detail such information as shall enable such Partner or former Partner (or his legal representative) to prepare his federal income tax return in accordance with the laws, rules and regulations then prevailing (including, without limitation, Partnership K-1's). (c) The books and records of the Partnership shall be audited by its accountants as of the end of each fiscal year of the Partnership. Within 60 days after the end of each fiscal year, the Partnership shall prepare and mail to each Partner, together with the report thereon of the Partnership's accountants, the audited financial statements of the Partnership, including the Partnership's year-end balance sheet, income statement, statement of cash flows and statement of capital account balances. The Partnership's accountants shall be Ernst & Young, unless agreed to otherwise by the General Partner and Limited Partners having capital accounts the aggregate value of which exceeds 50% of the value of all Limited Partner capital accounts. All books and records of the Company, financial statements and reports (including without limitation those referred to in this Section 7.02) shall be maintained and prepared in accordance with generally accepted accounting principles consistently applied. (d) The General Partners shall provide to the Limited Partners s...
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Reports to Current and Former Partners. As to any Venture and within 60 days after the end of each fiscal year of such Venture, ▇▇▇▇▇▇▇ shall use its best efforts to prepare and mail to PREI, to the extent reasonably necessary, a financial report (which shall include, at a minimum, a Form K-1 for each PREI Investor and former PREI Investor setting forth in sufficient detail such transactions effected by the applicable Venture during such fiscal year as shall enable such PREI Investor or former PREI Investor (or its legal representatives) to prepare their respective income tax returns in accordance with the laws, rules and regulations then prevailing.
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Related to Reports to Current and Former Partners

  • Reports to Limited Partners (a) As soon as practicable after the close of each fiscal quarter (other than the last quarter of the fiscal year), the General Partner shall cause to be mailed to each Limited Partner a quarterly report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal quarter, presented in accordance with generally accepted accounting principles. As soon as practicable after the close of each fiscal year, the General Partner shall cause to be mailed to each Limited Partner an annual report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal year, presented in accordance with generally accepted accounting principles. The annual financial statements shall be audited by accountants selected by the General Partner. (b) Any Partner shall further have the right to a private audit of the books and records of the Partnership at the expense of such Partner, provided such audit is made for Partnership purposes and is made during normal business hours.

  • Reports to Fund The Manager shall furnish to or place at the disposal of the Corporation or Fund, as appropriate, such information, reports, evaluations, analyses, and opinions as they may, at any time or from time to time, reasonably request or as the Manager may deem helpful to the Fund.

  • Tax Returns and Reports to Certificateholders (a) For federal income tax purposes, each REMIC shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting. (b) The Trustee shall prepare or cause to be prepared, shall execute and shall file or cause to be filed with the Internal Revenue Service and applicable state or local tax authorities income tax information returns for each taxable year with respect to each REMIC containing such information at the times and in the manner as may be required by the Code, the Treasury Regulations or state or local tax laws, regulations, or rules, and shall furnish or cause to be furnished to each REMIC and the Certificateholders the schedules, statements or information at such times and in such manner as may be required thereby. Within 30 days of the Closing Date, the Trustee shall furnish or cause to be furnished to the Internal Revenue Service, on Form 8811 or as otherwise required by the Code or the Treasury Regulations, the name, title, address and telephone number of the person that Holders of the Certificates may contact for tax information relating thereto, together with such additional information at the time or times and in the manner required by the Code or the Treasury Regulations. Such federal, state, or local income tax or information returns shall be signed by the Trustee, or such other Person as may be required to sign such returns by the Code, the Treasury Regulations or state or local tax laws, regulations, or rules. (c) In the first federal income tax return of each REMIC for its short taxable year ending December 31, 2005, REMIC status shall be elected for such taxable year and all succeeding taxable years. (d) The Trustee will maintain or cause to be maintained such records relating to each REMIC, including but not limited to records relating to the income, expenses, assets and liabilities of the Trust Estate, and the initial fair market value and adjusted basis of the Trust Estate property and assets determined at such intervals as may be required by the Code or the Treasury Regulations, as may be necessary to prepare the foregoing returns, schedules, statements or information.

  • Reports to Stockholders To the extent required by the MGCL, the Company shall report in writing to its stockholders the payment of any amounts for indemnification of, or advance of Expenses to, Indemnitee under this Agreement arising out of a Proceeding by or in the right of the Company with the notice of the meeting of stockholders of the Company next following the date of the payment of any such indemnification or advance of Expenses or prior to such meeting.

  • Reports to Shareholders The Trustees shall at least semi-annually submit to the Shareholders of each Series a written financial report of the transactions of the Trust and Series thereof, including financial statements which shall at least annually be certified by independent public accountants.