Common use of Accounting and Records Clause in Contracts

Accounting and Records. Agent shall cause appropriate books and records to be maintained for the rental pool, which books and records shall be subject to examination by or on behalf of participating Owners at any and all reasonable times. In addition to quarterly distribution of accounting data in connection with distribution of rental shares as per paragraph 11 hereof, Agent will cause an annual summary to be distributed to each Owner in such form as is useful for Owner's income, expense, tax, and depreciation records.