Common use of Audit; Income/Expense Statements Clause in Contracts

Audit; Income/Expense Statements. Sellers shall (i) permit Purchaser and its agents and other representatives to audit the Books and Records of all Sellers and the Hotels and (ii) from time to time as reasonably requested by Purchaser, but not more than one time each calendar month, deliver to Purchaser monthly income and expense statements for each of the Hotels and statements of capital expenditures and deferred maintenance expenses incurred at each of the Hotels.