Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Mortgage continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by the Chief Financial Officer of Borrower or the person or entity to which they pertain, as applicable, and, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Lender:
Financial Statements and Books and Records. Grantor shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Grantee and its duly authorized representatives shall have the right to examine, copy and audit Grantor's records and books of account at all reasonable times. So long as this Security Deed continues in effect, Grantor shall provide to Grantee, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Grantee as being true and correct by Grantor or the person or entity to which they pertain, as applicable, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Grantee:
Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor's records and books of account at all reasonable times. So long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Mortgagee as being true and correct by Mortgagor or the person or entity to which they pertain, as applicable, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Mortgagee:
Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, in accordance with generally accepted accounting principals, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Deed of Trust continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with generally accepted accounting principals, consistently applied, and be in form and substance acceptable to Lender:
Financial Statements and Books and Records. Grantor shall keep accurate books and records of account of the Trust Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Beneficiary and its duly authorized representatives shall have the right to examine, copy and audit Grantor's records and books of account at all reasonable times. Prior to the first Sale hereunder, and for so long as this Deed of Trust continues in effect, Grantor shall provide to Beneficiary, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Beneficiary as being true and correct by the chief financial officer of the REIT, and, with respect to the financial statements and information set forth in subsection (e) hereof, audited by an independent certified public accountant, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Beneficiary:
Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Mortgaged Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor’s records and books of account at all reasonable times. Prior to the first Sale hereunder, and for so long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Mortgagee as being true and correct by the chief financial officer of the REIT, and, with respect to the financial statements and information set forth in subsection (e) hereof, audited by an independent certified public accountant, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Mortgagee:
Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Mortgaged Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor’s records and books of account at all reasonable times. So long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which shall be in the form and substance acceptable to Mortgagee and all of which must be certified to Mortgagee as being true and correct by Mortgagor or the person or entity to which they pertain, as applicable. With respect to the financial statements and information set forth in subsection (d) hereof as it relates to Mortgagor or the Mortgaged Property, the same must be prepared by an independent certified public accountant in accordance with generally accepted accounting principles consistently applied and, if the original principal amount of the Note is $15,000,000 or more, be audited by such accountants:
Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of each Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles, consistently applied. Borrower is and shall continue to provide Lender with reporting information which complies with the Commercial Real Estate Secondary Market and Securitization Association Standards and in electronic format and such other format as Lender may require. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower's records and books of account at all reasonable times. The cost of such examination and audit shall be at the expense of Lender, (x) unless there exists an Event of Default or (y) at such other time as Lender has reasonable grounds to believe that Borrower's financial statements are inaccurate or incomplete and such audit discloses a material inaccuracy. Borrower agrees that it shall furnish to Lender its audited balance sheet, dated as of October 1, 1998, on or before October 28, 1998, which balance sheet Borrower presently anticipates will be, and when completed, must be, consistent with the Properties' financial information previously delivered to Lender in connection with the closing of the Loan. Prior to a Securitization of the Loan, Borrower shall furnish to Lender and the Rating Agencies, upon request from time to time, monthly operating statements and a current Rent Roll (containing all of the information set forth in Section 5.1(ee)(i), above) for each Property and, to the extent the tenant or tenants of such Property are required to report sales, monthly sales reports for each retail Property. Throughout the Loan term, Borrower shall also furnish to Lender and the Rating Agencies (a) unaudited quarterly financial statements and operating statements for the Properties together with unaudited annual financial and operating statements for the twelve (12) months ending with such quarter, collectively, (b) quarterly current Rent Rolls (containing all of the information set forth in Section 5.1(ee)(i), above) for each Property, (c) to the extent the tenant or tenants of such Property are required to report sales, current quarterly sales reports for each retail Property, and (d) audited annual financial and operating statements for all of the Properties, collectively, prepared by a `Big Six' accounting firm or other independent certified public accou...
Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Mortgage continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and , with respect to the financial statements and information set forth in subsection (d) hereof, compiled by an independent certified public accountant, be prepared in accordance with the income tax basis of accounting consistently applied and be in form and substance acceptable to Lender:
Financial Statements and Books and Records. (a) Grantor will keep and maintain or will cause to be kept and maintained on a fiscal year basis, in accordance with the Uniform System of Accounts as revised from time to time and sufficient to permit the preparation therefrom of financial statements in accordance with generally accepted accounting principles in the United States of America ("GAAP") (or such other accounting basis reasonably acceptable to Beneficiary) consistently applied, proper and accurate books, records and accounts reflecting (i) all of the financial affairs of Grantor and (ii) all items of income and expense in connection with the operation of the Property or in connection with any services, equipment or furnishings provided in connection with the operation thereof, whether such income or expense may be realized by Grantor or by any other person whatsoever, excepting lessees unrelated to and unaffiliated with Grantor who have leased from Grantor portions of the Property for the purpose of occupying the same. Beneficiary shall have the right from time to time at all times during normal business hours upon reasonable notice to examine such books, records and accounts at the office of Grantor or other person maintaining such books, records and accounts and to make such copies or extract thereof as Beneficiary shall desire. After the occurrence of an Event of Default, Grantor shall pay any costs and expenses incurred by Beneficiary to examine Grantor's accounting records with respect to the Property, as Beneficiary shall determine to be necessary or appropriate in the protection of Grantor's interest.
