Audit Documents. [SUBJECT TO THE REVIEW OF SELLER] DOCUMENTS REQUIRED FOR 3-14 AUDIT (Please provide highlighted items as soon as possible) General — Property operating statements for the most recent full calendar year and for the current year to date with break out in quarterly intervals, eg.: For a property purchased on 4/15/12; we would need operating statements for the Quarters ended 3/31/11, 6/30/11, 9/30/11, 12/31/11, 3/31/12 and YTD 12/31/11 and YTD 12/31/12. Post closing we will need the income statement from the last full quarter provided to the closing date. Provided by Accounting — Trial balances at the end of the most recent full calendar year and as of the current date. Provided by Accounting — General ledger for the most recent full calendar year and for the current year to date (should include activity for entire year and all general ledger accounts). Provided by accounting — Bank statements and Bank Reconciliations – need as of prior year end month (eg 12/31/11 for 2012 acquisition); 2 months following prior year end month (eg 01/31/12 and 02/29/12); and most recent quarter end month. Provided by accounting Revenues Access to the following for all revenues for the most recent full calendar year and for the current year to date: — Lease agreements including any leases which have expired or were terminated in 2011 (latest full calendar year) and 2012 (current year). We may also request lease agreements going back for the last 5 years Xxxxx sent these to Xxxxxxx — Rent rolls at year end for the last five years (2007, 2008, 2009, 2010, 2011) Xxxxx sent to Kenned — Access to billing invoices and tenant cash receipts Will provide copies of December rent bills — Straight line rent support for the last full calendar year and for the current year to date (if applicable) Per Sanam – this is not applicable — Tenant ledger for the last full calendar year and for the current year to date This was provided by accounting Access to the following for certain revenues, if applicable, for the most recent full calendar year and for the current year to date: — Schedule of parking revenues and related support (agreements, copy of receipts, etc.). Xxxxx sent October parking report to Kenned Expenses Access to the following for all expenses for the most recent full calendar year and for the current year to date: — Invoices — Check copies Due to automated accounts payable system, we don’t have copies of invoices Check register for current year to date. This has been sent by account...
Audit Documents. The completion of Buyer’s 3-14 Audit shall not be a condition of Closing.
Audit Documents. In addition, Buyer has informed Seller that Buyer is required by law to complete with respect to certain matters relating to the Property an Audit commonly known as a “3-14” Audit (“Buyer’s 3-14 Audit”). In connection with the performance of Buyer’s 3-14 Audit, Seller shall during the Due Diligence Period deliver to Buyer, (1) the documents which are described on Exhibit E attached hereto, to the extent in existence and in Seller’s possession (collectively, “Buyer’s 3-14 Audit Documents”) and (2) provide to Buyer in written form, answers to such questions relating to the Property which are set forth in Exhibit E attached hereto, to the extent such information is in existence and in Seller’s possession.
Audit Documents. Purchaser has informed Seller that Purchaser is required by law to complete with respect to certain matters relating to the Property an audit commonly known as a “3-14” Audit (“Purchaser’s 3-14 Audit”). In connection with the performance of Purchaser’s 3-14 Audit, Seller shall use its commercially reasonable efforts to deliver to Purchaser (a) the documents which are described on Exhibit G attached hereto, to the extent in existence and in Seller’s possession (collectively, “Purchaser’s 3-14 Audit Documents”) and (b) provide to Purchaser in written form, answers to such questions relating to the Property which are set forth in Exhibit G, to the extent such information is in existence and in Seller’s possession. The Inspection Documents, Delivered Documents and Purchaser’s 3-14 Audit Documents shall be collectively referred to in this Agreement as the “Property Documents”. The originals (and where originals are not available or in Seller’s possession or control, copies) of all Property Documents shall become the property of Purchaser upon Closing. Upon Closing, Seller may retain copies of any Property Documents which Seller may make at Seller’s sole cost and expense.
