Common use of Books and Records; Financial Statements Clause in Contracts

Books and Records; Financial Statements. Grantor will keep and maintain at Grantor's address stated above, or such other place as Beneficiary may approve in writing, books of accounts and records adequate to reflect correctly the results of the operation of the Property and copies of all written contracts, leases and other instruments which affect the Property. Such books, records, contracts, leases and other instruments shall be subject to examination, inspection and copying at any reasonable time by Beneficiary. Grantor shall provide to Beneficiary within ninety (90) days after the end of each of Grantor's fiscal years (or within twenty (20) days of Beneficiary's written request therefor if Grantor is in default), for each Grantor, each Borrower and for each guarantor of the Secured Obligations, a complete and current financial statement and copy of its most recent federal income tax return, together with a statement of income and expenses of the Property and a statement of changes in financial position with respect to the Property for the prior year, each in reasonable detail and certified by Grantor, each Borrower or guarantor, as the case may be, and if Beneficiary shall require, by an independent certified public accountant. At the same time, Grantor shall also furnish a current rent roll for the Property, certified by Grantor, showing the name of each tenant, the space occupied, the lease expiration date, the monthly rent, a schedule of gross receipts for each tenant obligated to pay rent based on a percentage of receipts, the date to which rent has been paid and any deposit Grantor is holding. Grantor's compliance with these provisions shall not limit or affect Grantor's obligations to comply with financial, tax and operation covenants and reporting requirements under any other agreement between Grantor and Beneficiary whether or not such other agreement is related to the Secured Obligations.

Books and Records; Financial Statements. (a) Grantor will keep and maintain at Grantor's address stated aboveprincipal place of business which is East 0000 Xxxxxxxx Xxxxxx, Xxxxxxx, XX 00000, or such other place as Beneficiary may approve in writing, books of accounts and records adequate to reflect correctly the results of the operation of the Property and copies of all written contracts, leases and other instruments which affect the Property. Such books, records, contracts, leases and other instruments shall be subject to examination, inspection and copying at any reasonable time by Beneficiary. Except as otherwise agreed in writing by Beneficiary, Grantor shall provide to Beneficiary within ninety (90) days after the end of each of Grantor's fiscal years (or within twenty (20) days of Beneficiary's written request therefor if Grantor is in default), for each Grantor, for each Borrower general partner of Grantor if Grantor is a partnership, and for each guarantor of all or any of the Secured Obligations, a complete and current financial statement and copy of its most recent federal income tax returnstatement, together with a statement of income and expenses of the Property and a statement of changes in financial position with respect to the Property for the prior year, each in reasonable detail and certified by Grantor, each Borrower the general partner or the guarantor, as the case may be. All financial statements shall be prepared in accordance with generally accepted accounting principles consistently applied, and if Beneficiary shall require, by an independent certified public accountantor such other accounting practices as Lender may approve. At the same time, Grantor shall also furnish a current rent roll for the Property, certified by Grantor, showing which shall include such information as Beneficiary may require, including the name of each tenant, the space occupied, the lease expiration date, the monthly rent, a schedule of gross receipts for each tenant obligated to pay rent based on a percentage of receipts, the date to which rent has been paid paid, and any deposit deposits or prepaid rent Grantor is holding. Grantor's compliance with these provisions shall not limit or affect Grantor's obligations In addition to comply with financialthe foregoing, unless otherwise agreed in writing by Beneficiary, within one hundred twenty (120) days after the end of each tax and operation covenants and reporting requirements under any other agreement between year of Grantor and Beneficiary whether each guarantor of all or not such other agreement is related to any of the Secured Obligations, Grantor will provide Beneficiary with a copy of the United States federal income tax return filed by Grantor and each guarantor for his, her or its tax year most recently ended.