Common use of Access to Accounting Records Clause in Contracts

Access to Accounting Records. At any time prior to Closing or for four (4) years following Closing, should Buyer require an audited operating statement with respect to the Properties, pursuant to any regulation including any securities act disclosure requirements, for a period during which the Properties were owned by Seller, Seller shall provide access to the records of Seller relevant to preparation of such an operating statement during such period. Such access shall be provided by Seller to an independent auditing firm selected by Buyer subject to the entering by the auditing firm of a confidentiality agreement reasonably required by Seller. Seller shall not be required to provide direct access to Seller’s records to Buyer or any employees, consultants or other representatives of Buyer. If the independent auditors require the assistance of Seller’s personnel to find, collect or interpret the necessary information from Seller’s records, Seller shall cause such assistance to be provided and Buyer shall pay reasonable hourly costs to Seller as compensation for the time devoted by such personnel.