Common use of Joint  Venture   Accounts  and  audit Clause in Contracts

Joint  Venture   Accounts  and  audit. (a) The Manager must prepare accounts for the Joint Venture reflecting the results for each Year of all transactions connected with Joint Venture Activities as disclosed by the records and accounts kept by the Manager and reflecting the Joint Venture Property in the possession or control of the Manager as at the end of such Year in accordance with this agreement (Annual Accounts) which Annual Accounts must be completed, audited by the Auditor and provided to the Joint Venturers (together with the Auditor's report) no later than 3 months after the end of the Year.

Joint  Venture   Accounts  and  audit. (a) The Manager must prepare the accounts for the Joint Venture reflecting the results for each Year of all transactions connected with the Joint Venture Activities as disclosed by the records and accounts kept by the Manager and reflecting the (Joint Venture Property in the possession or control of the Manager as at the end of such Year in accordance with this agreement (Annual Accounts) which Annual Accounts must be completed, audited by the Auditor and provided to the Joint Venturers (together with the Auditor's report) no later than 3 months after the end of the each Year.