Common use of Audit Rights for Supplemental Proration Statements Clause in Contracts

Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser or any party to whom Purchaser has given custody of the same relating to the Property to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser shall be final and binding for purposes of this Contract unless Seller shall give written notice to Purchaser of disagreement with the prorations contained therein within forty-five (45) days following Seller’s receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days following receipt by Purchaser of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Contract of Sale (Hudson Pacific Properties, Inc.)

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Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser or any party to whom Purchaser has given custody of the same relating to the Property Premises to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser shall be final and binding for purposes of this Contract unless Seller shall give written notice to Purchaser of disagreement with the prorations contained therein within forty-five sixty (4560) days following Seller’s receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days following receipt by Purchaser of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Contract of Sale (NNN 2003 Value Fund LLC)

Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser or any party to whom Purchaser has given custody of the same relating to the Property Premises to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser shall be final and binding for purposes of this Contract Agreement unless Seller shall give written notice to Purchaser of disagreement with the prorations contained therein within forty-five sixty (4560) days following Seller’s 's receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days following receipt by Purchaser of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Escrow Agreement (Inland Western Retail Real Estate Trust Inc)

Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser Buyer shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser Buyer or any party to whom Purchaser Buyer has given custody of the same relating to the Property to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser Buyer shall be final and binding for purposes of this Contract Agreement unless Seller shall give written notice to Purchaser Buyer of disagreement with the prorations contained therein within forty-five sixty (4560) days following Seller’s receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser Buyer and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days business days following receipt by Purchaser Buyer of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Purchase and Sale Agreement (GK Investment Holdings, LLC)

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Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser Buyer shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser Buyer or any party to whom Purchaser Buyer has given custody of the same relating to the Property to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser Buyer shall be final and binding for purposes of this Contract Agreement unless Seller shall give written notice to Purchaser Buyer of disagreement with the prorations contained therein within forty-five sixty (4560) days following Seller’s receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser Buyer and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days business days following receipt by Purchaser Buyer of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Strategic Opportunity REIT, Inc.)

Audit Rights for Supplemental Proration Statements. Seller and its representatives shall be afforded the opportunity to review all underlying financial records and work papers pertaining to the preparation of all Supplemental Proration Statements, and Purchaser Buyer shall permit Seller and its representatives to have full access to the books and records in the possession of Purchaser Buyer or any party to whom Purchaser Buyer has given custody of the same relating to the Property to permit Seller to review the Supplemental Proration Statements. Any Supplemental Proration Statement prepared by Purchaser Buyer shall be final and binding for purposes of this Contract Agreement unless Seller shall give written notice to Purchaser Buyer of disagreement with the prorations contained therein within forty-five thirty (4530) days following Seller’s 's receipt of such Supplemental Proration Statement, specifying in reasonable detail the nature and extent of such disagreement. If Purchaser Buyer and Seller are unable to resolve any disagreement with respect to any Supplemental Proration Statement within ten (10) Business Days business days following receipt by Purchaser Buyer of the notice referred to above, either party may pursue any remedy available for the resolution of such dispute.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

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