Common use of Project Obligations Clause in Contracts

Project Obligations. 17.1 The Grant Recipient shall in relation to each Named Project developed or Rehabilitated with the benefit in whole or in part of Total Project Grant and on a Project Information Basis: 17.1.1 at all times maintain a full record of the income received and Development Costs incurred by the Grant Recipient in respect of the Named Project; 17.1.2 when reasonably required to do so by the GLA, promptly provide a copy of the information referred to in Condition 17.1.1 as the GLA may reasonably require. 17.2 The Grant Recipient shall, as and when requested by the GLA make available in a timely manner to the GLA where required in connection with this Agreement a copy of each of all data, materials, documents and accounts of any nature created, acquired or brought into existence in any manner whatsoever by or on behalf of the Grant Recipient for the purposes of this Agreement. 17.3 On the expiry of this Agreement or (if earlier) upon termination thereof, the Grant Recipient shall if requested to do so deliver up to the GLA all the data, materials, documents and accounts referred to in this Condition 17 which it has in its possession, custody or control or as otherwise directed by the GLA. 17.4 The Grant Recipient must for a period of ten (10) years from date upon which it receives or uses the Total Project Grant retain all of the data, documents, materials and accounts referred to in this Condition 17 and the Grant Recipient may retain such data, documents, materials and accounts in electronic form only. 17.5 The Grant Recipient acknowledges that the GLA may disclose or otherwise grant access to the information referred to in this Condition 17 to those who are responsible for the proper administration of its financial affairs (whether those persons are employed or engaged by the GLA directly or externally by duly authorised third parties).