Common use of Balance Sheets Clause in Contracts

Balance Sheets. To the Partnership’s Knowledge, any financial statements of the Partnership or the Hotel heretofore delivered to Strategic are true, correct and complete in all material respects and fairly present the consolidated financial condition of the Partnership at and as of the dates thereof and the results of its operations for the periods covered thereby. To the Partnership’s Knowledge, there has been no material adverse change since the financial statements dated for the period ended December 31, 2004. At Strategic’s request and at its cost and expense, at any time before or after the Closing, the Partnership shall provide to Strategic’s designated independent auditor access to the books and records of the Property, and all related information regarding the period for which Strategic is required to have the Property audited under the regulations of the Securities and Exchange Commission.