Common use of Manager's Reporting Clause in Contracts

Manager's Reporting. (a) Within ten (10) days after the end of each calendar month, Manager shall deliver to Owner the following reports: (i) An unaudited profit and loss statement showing the results of operations for the preceding month and year-to-date and reflecting budget variances; (ii) An unaudited balance sheet as of the end of the preceding month; (iii) A monthly budget narrative, including leasing and marketing information, for the preceding month; and (iv) Such other reports as may be reasonably required by Owner from time to time, provided, however that Manager shall be entitled to reimbursement of its reasonable costs and expenses for preparing any such additional reports. (b) Within twenty (20) days after the end of each calendar quarter ending on the last day of March, June, September and December, and within twenty (20) days after the end of each Fiscal Year, Manager shall deliver to Owner an unaudited statement of cash flow for the preceding quarter or year, as applicable. (c) Manager shall cooperate with any certified public accountant engaged by Owner to audit financial statements of the Project. (d) All monthly and annual financial statements required hereunder shall be prepared in accordance with GAAP. All reports required hereunder shall be prepared on Manager’s customary fonns, and Manager shall take customary care regarding the accuracy or completeness of such reports. (e) Owner acknowledges that Manager may provide the reports required under this section and otherwise through an on-line reporting system (the “Owner Portal”). In the event Manager provides information through an Owner Portal, Owner shall be responsible, and Owner hereby releases Manager, for controlling access to and security of the Owner Portal and any information contained therein pursuant to a separate agreement.

Appears in 1 contract

Sources: Property Management Agreement (Versity Invest, LLC)

Manager's Reporting. (a) Within ten (10) days after the end of each calendar month, Manager shall deliver to Owner the following reports: (i) An unaudited profit and loss statement showing the results of operations for the preceding month and year-to-date and reflecting budget variances; (ii) An unaudited balance sheet as of the end of the preceding month; (iii) A monthly budget narrative, including leasing and marketing information, for the preceding month; and (iv) Such other reports as may be reasonably required by Owner from time to time, provided, however that Manager shall be entitled to reimbursement of its reasonable costs and expenses for preparing any such additional reports.. Vintage Horizon West- Final 9 (b) Within twenty (20) days after the end of each calendar quarter ending on the last day of March, June, September and December, and within twenty (20) days after the end of each Fiscal Year, Manager shall deliver to Owner an unaudited statement of cash flow for the preceding quarter or year, as applicable. (c) Manager shall cooperate with any certified public accountant engaged by Owner to audit financial statements of the Project. (d) All monthly and annual financial statements required hereunder shall be prepared in accordance with GAAP. All reports required hereunder shall be prepared on Manager’s 's customary fonnsforms, and Manager shall take customary care regarding the accuracy or completeness of such reports. (e) Owner acknowledges that Manager may provide the reports required under this section and otherwise through an on-line reporting system (the "Owner Portal"). In the event Manager provides information through an Owner Portal, Owner shall be responsible, and Owner hereby releases Manager, for controlling access to and security of the Owner Portal and any information infonnation contained therein pursuant to a separate agreement.

Appears in 1 contract

Sources: Property Management Agreement (Versity Invest, LLC)

Manager's Reporting. (a) Within ten (10) days after the end of each calendar month, Manager shall deliver to Owner the following reports: (i) An unaudited profit and loss statement showing the results of operations for the preceding month and year-to-date and reflecting budget variances; (ii) An unaudited balance sheet as of the end of the preceding month; (iii) A monthly budget narrative, including leasing and marketing information, for the preceding month; and (iv) Such other reports as may be reasonably required by Owner from time to time, provided, however that Manager shall be entitled to reimbursement of its reasonable costs and expenses for preparing any such additional reports. (b) Within twenty (20) days after the end of each calendar quarter ending on the last day of March, June, September and December, and within twenty (20) days after the end of each Fiscal Year, Manager shall deliver to Owner an unaudited statement of cash flow for the preceding quarter or year, as applicable. (c) Manager shall cooperate with any certified public accountant engaged by Owner to audit financial statements of the Project. (d) All monthly and annual financial statements required hereunder shall be prepared in accordance with GAAP. All reports required hereunder shall be prepared on Manager’s customary fonnsforms, and Manager shall take customary care regarding the accuracy or completeness of such reports. (e) Owner acknowledges that Manager may provide the reports required under this section and otherwise through an on-line reporting system (the “Owner Portal”). In the event Manager provides information through an Owner Portal, Owner shall be responsible, and Owner hereby releases Manager, for controlling access to and security of the Owner Portal and any information contained therein pursuant to a separate agreement.

Appears in 1 contract

Sources: Property Management Agreement (Versity Invest, LLC)

Manager's Reporting. (a) Within ten (10) days after the end of each calendar month, Manager shall deliver to Owner the following reports: (i) An unaudited profit and loss statement showing the results of operations for the preceding month and year-to-date and reflecting budget variances; (ii) An unaudited balance sheet as of the end of the preceding month; (iii) A monthly budget narrative, including leasing and marketing information, for the preceding month; and (iv) Such other reports as may be reasonably required by Owner from time to time, provided, however that Manager shall be entitled to reimbursement of its reasonable costs and expenses for preparing any such additional reports. (b) Within twenty (20) days after the end of each calendar quarter ending on the last day of March, June, September and December, and within twenty (20) days after the end of each Fiscal Year, Manager shall deliver to Owner an unaudited statement of cash flow for the preceding quarter or year, as applicable. (c) Manager shall cooperate with any certified public accountant engaged by Owner to audit financial statements of the Project. (d) All monthly and annual financial statements required hereunder shall be prepared in accordance with GAAP. All reports required hereunder shall be prepared on Manager’s 's customary fonnsforms, and Manager shall take customary care regarding the accuracy or completeness of such reports. (e) Owner acknowledges that Manager may provide the reports required under this section and otherwise through an on-line reporting system (the "Owner Portal"). In the event Manager provides information through an Owner Portal, Owner shall be responsible, and Owner hereby releases Manager, for controlling access to and security of the Owner Portal and any information contained therein pursuant to a separate agreement.

Appears in 1 contract

Sources: Property Management Agreement (Versity Invest, LLC)