Common use of AVAILABILITY OF RECORDS; AUDIT REPRESENTATION LETTER Clause in Contracts

AVAILABILITY OF RECORDS; AUDIT REPRESENTATION LETTER. Upon Acquiror’s request, for a period of two (2) years after Closing, Contributor shall (i) make the Records available to Acquiror for inspection, copying and audit by Acquiror’s designated accountants; and (ii) cooperate with Acquiror (without any third party expense to Contributor) in obtaining any and all permits, licenses, authorizations, and other governmental approvals necessary for the operation of any portion of the Property. Without limitation of the foregoing in this Section 23, Contributor agrees to abide by any and all reporting requirements and obligations of Acquiror related to this Agreement. At any time within two (2) years after the Closing, Contributor further agrees to provide to Acquiror’s designated independent auditor, upon request of Acquiror or such auditor: (a) access (to the same extent to which Acquiror would be entitled to such access) to the books and records of the Property and all related information regarding the period for which Acquiror is required to have the Property audited under the regulations of the Securities and Exchange Commission, and (b) a representation letter delivered by each managing agent of the Property regarding the books and records of the Property.

Appears in 3 contracts

Samples: Contribution Agreement (American Housing Income Trust, Inc.), Contribution Agreement (American Housing Income Trust, Inc.), Contribution Agreement (American Housing Income Trust, Inc.)

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AVAILABILITY OF RECORDS; AUDIT REPRESENTATION LETTER. Upon Acquiror’s request, for a period of two (2) years after Closing, Contributor shall (i) make the Records available to Acquiror for inspection, copying and audit by Acquiror’s designated accountants; and (ii) cooperate with Acquiror (without any third party expense to Contributor) in obtaining any and all permits, licenses, authorizations, and other governmental approvals necessary for the operation of any portion of the PropertyProject. Without limitation of the foregoing in this Section 2324, Contributor agrees to abide by any and all reporting requirements and obligations the terms of Acquiror related to this AgreementExhibit G attached hereto. At any time within two (2) years after the Closing, Contributor further agrees to provide to Acquiror’s designated independent auditor, upon request of Acquiror or such auditor: (a) access (to the same extent to which Acquiror would be entitled to such access) to the books and records of the Property Project and all related information (including the information listed on Exhibit G) regarding the period for which Acquiror is required to have the Property Project audited under the regulations of the Securities and Exchange Commission, and (b) a representation letter delivered by each managing agent of the Property Project regarding the books and records of the Property.Project, in substantially the form as attached hereto as Exhibit H.

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement (Arizona Land Income Corp)

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AVAILABILITY OF RECORDS; AUDIT REPRESENTATION LETTER. Upon Acquiror’s request, for a period of two (2) years after Closing, Contributor shall (i) make the Records available to Acquiror for inspection, copying and audit by Acquiror’s designated accountants; and (ii) cooperate with Acquiror (without any third party expense to Contributor) in obtaining any and all permits, licenses, authorizations, and other governmental approvals Governmental Approvals necessary for the operation of any portion of the PropertyProject. Without limitation of the foregoing in this Section 2321, Contributor agrees to abide by any and all reporting requirements and obligations the terms of Acquiror related to this Agreement. EXHIBIT I. At any time within two (2) years after the Closing, Contributor further agrees to provide to the Acquiror’s designated independent auditor, upon request of Acquiror or such auditor: (ax) access (to the same extent to which Acquiror would be entitled to such access) to the books and records of the Property Project and all related information (including the information listed on EXHIBIT I) regarding the period for which Acquiror is required to have the Property Project audited under the regulations of the Securities and Exchange Commission, and (by) a representation letter delivered by each managing agent of the Property Project regarding the books and records of the Property.Project, in substantially the form as attached hereto as EXHIBIT M.

Appears in 1 contract

Samples: Contribution Agreement (Talon Real Estate Holding Corp.)

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