Common use of EXAMINATION AND AUDIT Clause in Contracts

EXAMINATION AND AUDIT. Franchisor and its authorized representatives may, at any time, but on reasonable notice to Franchisee, examine and copy all books, records, accounts and tax returns of Franchisee related to the operation of the Hotel during the five years preceding such examination. Franchisor may have an independent audit made of any such books, records, accounts and tax returns. Franchisee will provide any assistance reasonably requested for the audit and will provide copies of any documentation requested by Franchisor without charge.

Appears in 4 contracts

Samples: License Agreement (Moody National REIT I, Inc.), Relicensing Franchise Agreement, Electronic Systems License Agreement (Moody National REIT II, Inc.)

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