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

Books, Records and Financial Statements. Manager shall keep or cause to be kept full and complete books and records of account, which shall accurately and completely reflect each transaction of the Company. All such books and records and all leases and contracts and agreements to which the Company is a party shall at all times be kept and maintained at the principal office of the Property Manager. The books and records of the Company shall be open to inspection and examination by the Members and their representatives, upon reasonable prior written notice, during regular business hours. Manager shall cause the Company’s books and records to be closed reasonably promptly after the end of each Fiscal Year. Manager shall require that the Accountants prepare and submit to the Company and Aetna (a) not later than one hundred-fifty (150) days after the end of such Fiscal Year, annual audited financial statements for the Company, which statements shall include a statement of profits and losses for such Fiscal Year, a balance sheet as of the last day of such Fiscal Year, a cash flow statement for such Fiscal Year and a statement of each Member’s Capital Account, (b) not later than the tenth (10th) day after receipt by Manager, bank statements for the Company for such month; (c) not later than forty-five (45) days following each fiscal quarterly period, internally prepared financial statements for such quarter in a form reasonably approved by Aetna, and (d) on or before the hundred-fiftieth (150th) day after the end of each Fiscal Year, copies of the Company’s tax return, and such other information respecting the Company (including Form K-1 and a form 1065) as may be required to enable each Member to complete properly its federal income tax return and any income tax return of any state and any other reporting or filing requirement imposed by any governmental authority. The costs and expenses of such statements and preparation of tax returns shall be borne by the Company. The actual filing of all tax returns shall be timely made on behalf of the

Books, Records and Financial Statements. Manager shall keep or cause to be kept full and complete books and records of account, which shall accurately and completely reflect each transaction of the Company. All such books and records and all leases and contracts and agreements to which the Company is a party shall at all times be kept and maintained at the principal office of the Property Manager. The books and records of the Company shall be open to inspection and examination by the Members and their representatives, upon reasonable prior written notice, during regular business hours. Manager shall cause the Company’s books and records to be closed reasonably promptly after the end of each Fiscal Year. Manager shall require that the Accountants prepare and submit to the Company and Aetna (a) not later than one hundred-fifty twenty (150120) days after the end of such Fiscal Year, annual audited financial statements for the Company, which statements shall include a statement of profits and losses for such Fiscal Year, a balance sheet as of the last day of such Fiscal Year, a cash flow statement for such Fiscal Year and a statement of each Member’s Capital Account, (b) not later than the tenth (10th) day after receipt by Manager, bank statements for the Company for such month; (c) not later than forty-five (45) days following each fiscal quarterly period, internally prepared financial statements for such quarter in a form reasonably approved by Aetna, and (d) on or before the hundred-fiftieth ninetieth (150th90) day after the end of each Fiscal Year, copies of the Company’s tax return, and such other information respecting the Company (including Form K-1 K-l and a form 1065) as may be required to enable each Member to complete properly its federal income tax return and any income tax return of any state and any other reporting or filing requirement imposed by any governmental authority. The costs and expenses of such statements and preparation of tax returns shall be borne by the Company. The actual filing of all tax returns shall be timely made on behalf of thethe Company by Manager. The determination of whether the Company should make available elections for tax purposes shall be made by Manager, subject in all respects to the prior reasonable approval of Aetna.

Books, Records and Financial Statements. Manager shall keep or cause to be kept full and complete books and records of account, which shall accurately and completely reflect each transaction of the Company. All such books and records and all leases and contracts and agreements to which the Company is a party shall at all times to be kept and maintained at the principal office of the Property Manager. The books and records of the Company shall be open to inspection and examination by the Members and their representatives, upon reasonable prior written notice, during regular business hours. Manager shall cause the Company’s books and records to be closed reasonably promptly after the end of each Fiscal Year. Manager shall require that the Accountants prepare and submit to the Company and Aetna (a) not later than one hundred-fifty twenty (150120) days after the end of such Fiscal Year, annual audited financial statements for the Company, which statements shall include a statement of profits and losses for such Fiscal Year, a balance sheet as of the last day of such Fiscal Year, a cash flow statement for such Fiscal Year and a statement of each Member’s Capital Account, (b) not later than the tenth (10th) day after receipt by Manager, bank statements for the Company for such month; (c) not later than forty-five (45) days following each fiscal quarterly period, internally prepared quarterly financial statements for such quarter in a form reasonably approved by Aetna, Aetna and to be sent not later than thirty (30) days following each quarterly period and (d) on or before the hundred-fiftieth ninetieth (150th90) day after the end of each Fiscal Year, copies of the Company’s tax return, and such other information respecting the Company (including Form K-1 and a form 1065) as may be required to enable each Member to complete properly its federal income tax return and any income tax return of any state State and any other reporting or filing requirement imposed by any governmental authority. The costs and expenses of such statements and preparation of tax returns shall be borne by the Company. The actual filing of all tax returns shall be timely made on behalf of thethe Company by Manager. The determination of whether the Company should make available elections for tax purposes shall be made by Manager, subject in all respects to the prior reasonable approval of Aetna.

Books, Records and Financial Statements. Manager shall keep or cause to be kept full and complete books and records of account, which shall accurately and completely reflect each transaction of the Company. All such books and records and all leases and contracts and agreements to which the Company is a party shall at all times be kept and maintained at the principal office of the Property Manager. The books and records of the Company shall be open to inspection and examination by the Members and their representatives, upon reasonable prior written notice, during regular business hours. Manager shall cause the Company’s books and records to be closed reasonably promptly after the end of each Fiscal Year. Manager shall require that the Accountants prepare and submit to the Company and Aetna (a) not later than one hundred-fifty twenty (150120) days after the end of such Fiscal Year, annual audited financial statements for the Company, which statements shall include a statement of profits and losses for such Fiscal Year, a balance sheet as of the last day of such Fiscal Year, a cash flow statement for such Fiscal Year and a statement of each Member’s Capital Account, (b) not later than the tenth (10th) day after receipt by Manager, bank statements for the Company for such month; (c) internally prepared quarterly financial statements in a form reasonably approved by Aetna and to be sent not later than forty-five (45) days following each fiscal quarterly period, internally prepared financial statements for such quarter in a form reasonably approved by Aetna, and (d) on or before the hundred-fiftieth ninetieth (150th90) day after the end of each Fiscal Year, copies of the Company’s tax return, and such other information respecting the Company (including Form K-1 K-l and a form 1065) as may be required to enable each Member to complete properly its federal income tax return and any income tax return of any state State and any other reporting or filing requirement imposed by any governmental authority. The costs and expenses of such statements and preparation of tax returns shall be borne by the Company. The actual filing of all tax returns shall be timely made on behalf of thethe Company by Manager. The determination of whether the Company should make available elections for tax purposes shall be made by Manager, subject in all respects to the prior reasonable approval of Aetna.

Books, Records and Financial Statements. Manager (a) The Company shall keep or cause at all times maintain, at its principal place of business, separate books of account for the Company that shall show a true and accurate record of all costs and expenses incurred, all charges made, all credits made and received and all income derived in connection with the operation of the Company in accordance with GAAP consistently applied, and, to be kept full and complete the extent inconsistent therewith, in accordance with this Agreement. Such books and records of account, which shall accurately together with a copy of this Agreement and completely reflect each transaction of the Company. All such books and records and all leases and contracts and agreements to which the Company is a party Certificate, shall at all times be kept and maintained at the principal office place of the Property Manager. The books and records business of the Company and shall be open to inspection and examination at reasonable times by each Member and its duly authorized representatives for any purpose reasonably related to such Member's interest in the Company. (b) The Officers shall prepare and maintain, or cause to be prepared and maintained, the books of account of the Company. The following financial information, prepared in accordance with GAAP (or, in the case of item (v), in accordance with United States federal income tax principles) and applied on a basis consistent with prior periods, which shall be audited and certified to by an independent certified public accountant shall be transmitted by the Members Company to each Member as soon as reasonably practicable and their representatives, upon reasonable prior written notice, during regular business hours. Manager shall cause the Company’s books and records to be closed reasonably promptly in no event later than ninety (90) days after the end close of each Fiscal Year. Manager shall require that the Accountants prepare and submit to : (i) balance sheet of the Company as of the beginning and Aetna (a) not later than one hundred-fifty (150) days after the end close of such Fiscal Year, annual audited financial statements for the Company, which statements shall include a ; (ii) statement of profits and losses for such Fiscal Year, a balance sheet ; (iii) statement of each Member's Capital Account as of the last day close of such Fiscal Year, and changes therein during such Fiscal Year; (iv) statement of the Company's cash flows during such Fiscal Year; and (v) a cash flow statement indicating such Member's share of each item of the Company income, gain, loss, deduction or credit for such Fiscal Year for income tax purposes, which statement shall include or consist of a Schedule K-1 to the Company's Internal Revenue Service Form 1065 (or any corresponding schedule to any successor form) for such Fiscal Year. (c) Following the end of each of the Company's four fiscal quarters, the Company shall prepare and provide to each Member on a reasonably timely basis in order to permit each Member (and/or the applicable Affiliate(s) thereof) to comply with its public reporting requirements an unaudited balance sheet of the Company with respect to such quarter, a statement of the profits and losses of the Company for such quarter and a statement of cash flows during such quarter, each Member’s Capital Accountof which shall be prepared in accordance with GAAP, (b) not later than applied on a basis consistent with prior periods. To the tenth (10th) day after receipt by Managerextent that, bank statements for with respect to the Company for such month; (c) not later than forty-five (45) days following each first four fiscal quarterly period, internally prepared financial statements for such quarter in a form reasonably approved by Aetna, and (d) on or before the hundred-fiftieth (150th) day after the end of each Fiscal Year, copies quarters of the Company’s tax return, and such other information respecting the Company (including Form K-1 and cannot provide final financial statements with respect to such fiscal quarter on a form 1065) as may be required to enable each reasonably timely basis for a Member to complete properly comply with its federal income tax return and any income tax return of any state and any other reporting or filing requirement imposed by any governmental authorityobligations, the Company shall provide estimates on a reasonably timely basis to permit such compliance. The costs and expenses of such statements and preparation of tax returns shall be borne by the Company. The actual filing of all tax returns shall be timely made on behalf of theSection 9.2