Books and Accounts; Financial Statements. The Authority will keep proper and current itemized records, books, and accounts in which complete and accurate entries shall be made of the receipt and use of all amounts of Pledged Revenues and such other calculations required by this Agreement, the Bond Documents, the Resolution, and any applicable law or regulation. The Authority shall prepare after the close of each fiscal year, a complete financial statement prepared in accordance with generally accepted accounting principles accepted in the United States of America for such year in reasonable detail covering the above information, by a certified public accountant, and shall furnish a copy of such statement to the Developer (or District as applicable) within 270 days after the close of each fiscal year of the Authority or upon such earlier date as may be required by the Bond Documents.
Books and Accounts; Financial Statements. The Agency shall keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the Agency and the City of San Diego, in which complete and correct entries shall be made of all transactions relating to the Redevelopment Project, the Redevelopment Fund and to the Tax Revenues. Such books of record and accounts shall at all times during business hours be subject to the inspection of the Owners of not less than ten percent (10%) in aggregate principal amount of the Bonds then Outstanding, or their representatives authorized in writing.
Books and Accounts; Financial Statements. The District shall keep proper and current itemized records, books, and accounts in which complete and accurate entries will be made of the receipt and use of all amounts of revenue received from any and all sources and such other calculations required by this Agreement, the District Bond Documents, and any applicable law or regulation. The District shall prepare, after the close of each fiscal year, a complete financial statement prepared in accordance with generally accepted accounting principles accepted in the United States of America for such year in reasonable detail covering the above information, and if required by statute, certified by a public accountant, and will furnish a copy of such statement to the other Parties within two hundred and ten (210) days after the close of each fiscal year of the District or upon such earlier date as may be required by the District Bond Documents. All books, records and reports (except those allowed or required by applicable law to be kept confidential) in the possession of the Town and the District, including, without limitation, those relating to the Pledged Revenue, Eligible Improvements, Eligible Costs, District Pledged Revenue, District Operating Revenue, and District Bonds will at all reasonable times be open to inspection by such accountants or other agents as the respective Parties may from time to time designate.
Books and Accounts; Financial Statements. The Agency will keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the Agency, in which complete and correct entries shall be made of all transactions relating to the Redevelopment Plan and the Tax Revenues. Such books of record and accounts shall at all times during business hours be subject, upon prior written request, to the reasonable inspection of the City. The Agency will cause to be prepared and filed with the City annually, within one hundred and eighty (180) days after the close of each Fiscal Year so long as the Loan remains outstanding, complete audited financial statements with respect to such Fiscal Year showing the Tax Revenues and the financial condition of the Project, including the balances in all funds and accounts relating to the Project, as of the end of such Fiscal Year. In addition, no later than ninety (90) days after the close of each Fiscal Year, the Agency shall prepare a memorandum to the City setting forth the Tax Revenues for the preceding year, the Agency activities and uses of the Loan funds in the preceding years and any information relevant to the Agency's ability to meet its obligations pursuant to this Agreement for the next Fiscal Year.
Books and Accounts; Financial Statements. (a) The District shall keep proper books of record and accounts of the Enterprise and the Debt Service Fund all separate from all other records and accounts, in which complete and correct entries shall be made of all transactions relating to the Enterprise and relating to the funds created by this Installment Purchase Contract. Said books shall, upon prior request, be subject to the inspection by the Bank, or its representatives authorized in writing, upon not less than five (5) Business Days’ prior notice to the District.
Books and Accounts; Financial Statements. The Agency will keep, or cause to be kept, proper books of record and accounts, separate from all other records and accounts of the Agency and the City, in which complete and correct entries shall be made of all transactions relating to the Redevelopment Project, the Housing Set-Aside and the Housing Loan Payment Account. Such books of record and accounts shall at all times during business hours be subject, upon prior written request, to the reasonable inspection of the Authority, the Trustee and the Owners of not less than ten percent (10%) in aggregate principal amount of the Bonds then Outstanding, or their representatives authorized in writing. The Agency will cause to be prepared within one hundred and eighty (180) days after the close of each Fiscal Year so long as any of the Bonds are Outstanding, complete audited financial statements with respect to such Fiscal Year showing the Housing Set-Aside, all disbursements from the Housing Loan Payment Account, and the financial condition of the Redevelopment Project, including the balances in all funds and accounts relating to the Redevelopment Project, as of the end of such Fiscal Year which statement shall be accompanied by a Certificate of the Agency stating that the Agency is in compliance with its obligations under this Loan Agreement. The Agency will furnish a copy of such statements, upon reasonable request, to any Bond Owner.
Books and Accounts; Financial Statements. (a) LAVWMA shall keep proper books of record and accounts of the Enterprise, separate from all other records and accounts of LAVWMA, in which complete and correct entries shall be made of all transactions relating to the Enterprise. Such books of record and accounts shall at all times during business hours be subject to the inspection of any Member or any such Member’s representative authorized in writing in the manner agreed by the Members and LAVWMA.
Books and Accounts; Financial Statements. (a) The Purchaser hereby covenants that it will keep proper books of record and accounts in which complete and correct entries shall be made of all transactions relating to the System Revenues. Such books of record and accounts shall at all times during business hours be subject to the inspection of IBank or its designee. To the extent that any continuing disclosure certificates entered into by the Purchaser in connection with other debt or obligations require the information required in subsections (b) through (e), the Purchaser may submit a copy of the information and materials required by such continuing disclosure certificate instead of providing separate statements setting forth the required information.
Books and Accounts; Financial Statements. The Successor Agency shall at all times keep, or cause to be kept, proper and current books and accounts in which accurate entries are made of the financial transactions and records of the Successor Agency. Within one hundred eighty (180) days after the close of each Fiscal Year an Independent Certified Public Accountant shall prepare an audit of the financial transactions and records of the Successor Agency for such Fiscal Year. To the extent permitted by law, such audit may be included within the annual audited financial statements of the City. The Successor Agency shall furnish a copy of such financial statements to any Owner upon reasonable request of such Owner and at the expense of such Owner. The Trustee shall have no duty to review such audits
Books and Accounts; Financial Statements. The District covenants and agrees that it shall at all times keep, or cause to be kept, proper and current books and accounts (separate from all other records and accounts) in which complete and accurate entries shall be made of all transactions relating to the Refunding Project, the Pledged Revenues, the Funds and the Rebate Fund. Unless required earlier by State law, the District shall prepare within 180 days after the close of each Fiscal Year, commencing with the Fiscal Year ending December 31, 2021, a complete financial statement or statements of the District for such year, together with a report of a certified public accountant or firm of certified public accountants selected by the District. The District shall furnish a copy of such statement or statements to the Trustee, and, upon the written request therefor, to any Owner. The Trustee shall have no duty to review, verify or analyze such financial statements and shall hold such financial statements solely as a repository for the benefit of the Owners. The Trustee shall not be deemed to have notice of any information contained therein or a default or Event of Default which may be disclosed therein in any manner. Protection of Security and Rights of Owners. The District covenants and agrees to preserve and protect the security of the Bonds and other Securities. The District, its officers, agents and employees, shall not take any action in such manner or to such extent as might materially impair or diminish the security for the payment of the Bonds or other Outstanding Securities, including without limitation, excluding any areas from the District Sales Tax Area.
