Common use of Reports to Current Partners Clause in Contracts

Reports to Current Partners. Within 90 days after the end of each fiscal year or as soon thereafter as is reasonably possible, the Partnership shall prepare and mail to each Partner, together with the report thereon of the accountants selected by the General Partner, an audited financial report setting forth as of the end of such fiscal year: (a) a balance sheet of the Partnership; (b) a statement showing the Net Capital Appreciation or Net Capital Depreciation as the case may be, for such year; (c) such Partner’s Capital Account as of the end of such fiscal year and the manner of its calculation; and (d) such Partner’s Capital Account and Partnership Percentage for the then current Accounting Period. The Partnership will also provide periodic performance reports, no less frequently than quarterly, to the Limited Partners within 45 days following the end of each of the first three fiscal quarters of each fiscal year.

Reports to Current Partners. Within 90 days after the end of each fiscal year or as soon thereafter as is reasonably possible, the Partnership shall prepare and mail to each Partner, together with the report thereon of the accountants selected by the General Partner, an audited financial report setting forth as of the end of such fiscal year: (a) a balance sheet of the Partnership; (b) a statement showing the Net Capital Appreciation or Net Capital Depreciation as the case may be, for such year; (c) such Partner’s 's Capital Account as of the end of such fiscal year and the manner of its calculation; and (d) such Partner’s 's Capital Account and Partnership Percentage for the then current Accounting Period. The Partnership will also provide periodic performance reports, no less frequently than quarterly, to the Limited Partners within 45 days following the end of each of the first three fiscal quarters of each fiscal year.