Common use of Books and Records; Audits Clause in Contracts

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at the Project, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate to reflect the results of the operation of the Project and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 above and copies of all written contracts, material correspondence, and other material documents affecting the Project. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoing, subject to compliance with Healthcare Laws. Additionally, if a Potential Default or Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender may, subject to compliance with Healthcare Laws, conduct a joint audit, at Borrower’s expense, and determine, in such Person’s reasonable discretion, the accuracy of Borrower’s records and computations.

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at the ProjectProjects, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate to reflect the results of the operation of the Project Projects and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 7.1 above and copies of all written contracts, material correspondence, and other material documents affecting the ProjectProjects. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoing, subject to compliance with Healthcare Laws. Additionally, if a Potential Default or Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender may, subject to compliance with Healthcare Laws, Laws conduct a joint audit, at Borrower’s expense, audit and determine, in such Person’s reasonable discretion, the accuracy of Borrower’s records and computations.. LOAN AGREEMENT – Page 62[Heritage Wxxxx]

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at its offices at the Projectaddress disclosed on Schedule 4.1, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate with respect to reflect the results of Underlying Loan and the operation of the Project administration thereof and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 above and copies of all written contracts, material correspondence, and other material documents affecting the Project5.1 above. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoingforegoing and all Records relating to the Underlying Loan in the possession or under the control of Borrower, subject to compliance with Healthcare Laws. Additionally, if a Potential Default or an Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender may, subject to compliance with Healthcare Laws, conduct a joint audit, at Borrower’s expense, audit and determine, in such Person’s reasonable discretion, the accuracy of Borrower’s such records and computations.

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at the Project, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate to reflect the results of the operation of the Project and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 7.1 above and copies of all written contracts, material correspondence, and other material documents affecting the Project. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoing, subject to compliance with Healthcare Laws, if applicable. Additionally, if a Potential Default or Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender mayLender, subject to compliance with Healthcare LawsLaws (if applicable), may conduct a joint audit, at Borrower’s expense, audit and determine, in such Person’s reasonable discretion, the accuracy of Borrower’s records and computations.

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at the ProjectProjects, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate to reflect the results of the operation of the Project Projects and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 7.1 above and copies of all written contracts, material correspondence, and other material documents affecting the ProjectProjects. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoing, subject to compliance with Healthcare Laws. Additionally, if a Potential Default or Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender may, subject to compliance with Healthcare Laws, Laws conduct a joint audit, at Borrower’s expense, audit and determine, in such Person’s reasonable discretion, the accuracy of BorrowerXxxxxxxx’s records and computations.

Books and Records; Audits. Borrower shall keep and maintain or cause to be kept and maintained at all times at the ProjectProjects, or such other place as Administrative Agent may approve in writing, complete and accurate books of accounts and records adequate to reflect the results of the operation of the Project Projects and to provide the financial statements required to be provided to Administrative Agent pursuant to Section 6.1 7.1 above and copies of all written contracts, material correspondence, and other material documents affecting the ProjectProjects. Administrative Agent and its designated agents shall have the right to inspect and copy any of the foregoing, subject to compliance with Healthcare Laws. Additionally, if a Potential Default or Event of Default exists or if Administrative Agent or any Lender has a reasonable basis to believe that Borrower’s records are materially inaccurate, Administrative Agent and each Lender may, subject to compliance with Healthcare Laws, Laws conduct a joint audit, at Borrower’s expense, and determine, in such Person’s reasonable discretion, the accuracy of Borrower’s records and computations.