Property Records. Subrecipient shall maintain real property inventory records, which clearly identify properties purchased, improved, or sold. Properties retained shall continue to meet eligibility criteria, rental limitations, health, safety and building codes, etc., and shall conform to federal and State regulations.
Property Records. The Recipient agrees to keep satisfactory records of its use of its Project property, and, upon request, it will provide FTA the necessary information required to assure compliance with this Master Agreement.
Property Records. Subrecipient is required to maintain formal subsidiary records to control all CDBG program project property and equipment. Such records shall disclose the acquisition and subsequent disposition of all property. An annual inventory should be conducted and the books should reflect the actual value of property on hand at the end of the year.
Property Records. SUBRECIPIENT shall maintain real property inventory records, which clearly identify properties purchased, improved, or sold pursuant to this CONTRACT. Properties retained shall continue to meet eligibility criteria, rental limitations, health, safety and building codes, etc., and shall conform to 24 CFR 570.505.
Property Records. Subrecipient shall maintain property records that include a description of the property, a serial number or other identification number, the funding source of the property, the acquisition date and cost of the property, percentage of federal and state participation in the cost of the property, the location, use and condition of the property, maintenance history of the property, and ultimate disposition data including the date of disposal and sale price.
Property Records. All records, documents, information and data in the possession of Seller or its agents concerning operation, leasing and maintenance of the Property. If the Buyer retains Seller's managing agent, then delivery of documents herein prescribed need not occur with respect to those documents already in the possession or control of such managing agent.
Property Records. The originals, if available, otherwise copies, of each of the Property Records to the extent not otherwise covered in this Section.
Property Records. Within forty-five (45) days after Closing, KMG, on behalf of KMG Sub, shall deliver to W&T the originals or legible copies of the Property Records at a location designated by W&T. Any transportation, postage or delivery costs from KMG’s offices shall be at W&T’s sole cost, risk and expense. If KMG retains any original Property Records, W&T shall have the right to access and review those original Property Records (excluding such records which are subject to attorney-client privilege) during normal business hours. W&T agrees to maintain the Property Records for seven (7) years after Closing. W&T shall provide KMG and its representatives reasonable access to and the right to copy such Property Records and to the extent in W&T’s possession after Closing, any other information or documents made available for W&T’s review in the data room established by KMG in connection with the transactions contemplated hereby, for the purposes of (i) preparing and delivering any accounting provided under this Agreement and adjusting, prorating and settling the charges and credits provided in this Agreement; (ii) complying with any law, rule or regulation affecting KMG’s or KMG Sub’s interest in the Property prior to the Closing Date; (iii) preparing any audit of the books and records of any third party relating to KMG’s or KMG Sub’s interest in the Property prior to the Closing Date, or responding to any audit prepared by such third parties; (iv) preparing tax returns; (v) responding to or disputing any tax or royalty audit; or (vi) asserting, defending or otherwise dealing with any claim, lawsuit or dispute pertaining to KMG’s Retained Obligations (as defined in Section 8.4.1) or the Property or arising under this Agreement. Within the seven (7) year period referenced above, W&T shall notify KMG in writing before destroying any Property Records. If, within thirty (30) days following receipt of W&T’s notice, KMG notifies W&T that KMG desires to retain such Property Records or such other information or documents, W&T shall refrain from the destruction of such Property Records and, at KMG’s expense, deliver such Property Records to KMG. KMG agrees to use all reasonable efforts, but without any obligation to incur any cost or expense in connection therewith, to cooperate with W&T’s efforts to obtain access to files, records and data relating to the Property not provided by KMG which are in the possession of any third party operator of any of the Property.
Property Records. Following the Effective Date, Property Owner shall make available to CBL/OP either at the Real Property or at Property Owner's and Property Owner's Property Manager's offices in Leawood, Kansas, copies of those documents and property records relating solely to the Property, other than the Excluded Documents, which are within the possession of Property Owner or Property Owner's affiliates and advisors. Following the Effective Date, Property Owner shall direct Property Owner's Property Manager to make available to CBL/OP at the Property Manager's office, or at the on-site management office at the Real Property, all of those documents and property records relating solely to the Property, other than the Excluded Documents, which are in the possession of Property Owner's Property Manager. All of such documents, reports, tests, studies and property records delivered to, made available to, copied and/or reviewed by or on behalf of CBL/OP in connection with the Property (whether before or after the Effective Date and specifically including all Tenant Leases and Service Contracts), other than the Excluded Documents, are sometimes referred to collectively herein as the "Property Records."
Property Records. Within fifteen (15) days after Closing, Seller, at Seller’s option, shall deliver or make available to Buyer legible copies (paper and electronic, to the extent available) of the Property Records at a location designated by Seller. Any transportation, postage or delivery costs from Seller’s offices shall be at Buyer’s sole cost, risk and expense. Buyer shall have the right to access and review the original Property Records at Seller’s office(s) during Seller’s normal business hours.
