Financial Records and Statements. The Borrower shall maintain proper books of record and account in which proper entries shall be made in accordance with generally accepted accounting principles, consistently applied, of all its business and affairs related to the System. The Borrower shall have an annual audit made by an independent certified public accountant within one hundred twenty (120) days after the end of each Fiscal Year. Such report shall include either (a) disclosure language confirming the Borrower’s continued compliance with its loan and mortgage covenants and restrictions or (b) a certificate of the accountants to the effect that, during the course of such accountant's regular examination of the Borrower's financial condition, nothing came to such accountant's attention that would constitute an Event of Default hereunder. A copy of the audited annual report shall be forwarded to the Department when completed.
Financial Records and Statements. The Borrower shall maintain proper books of record and account in which proper entries shall be made in accordance with generally accepted accounting principles, consistently applied, of all its business and affairs related to the System. The Borrower shall have an annual audit made by an independent certified public accountant within one hundred and twenty (120) days after the end of each Fiscal Year. A copy of the audited annual report shall be forwarded to the Department when completed.
Financial Records and Statements. The Local Government shall maintain proper books of record and account in which proper entries shall be made in accordance with generally accepted government accounting standards, consistently applied, of all its business and affairs. The Local Government shall have an annual audit of the financial condition of the Local Government made by an independent certified public accountant, within 180 days after the end of each Fiscal Year. The Local Government shall furnish to VRA, in an electronic format, a copy of such report immediately after it is accepted by the Local Government. Such report shall include statements in reasonable detail, certified by such accountant, reflecting the Local Government's financial position as of the end of such Fiscal Year and the results of the Local Government's operations and changes in the financial position thereof for the Fiscal Year.
Financial Records and Statements. The books and records of the Company shall be kept, and the financial position and the results of its operations recorded, in accordance with GAAP. The books and records regarding the Company’s transactions shall be appropriate and adequate for the Company’s business.
Financial Records and Statements. The Authority will maintain proper books and records in which full and correct entries will be made in accordance with generally accepted accounting principles of all of its business and affairs. The Authority will have an annual audit made by an independent certified public accountant or accountants and, promptly upon completion of such audit, but not later than March 31 of each year, will furnish the Trustee copies of such audit certified by such accountant. The Authority will provide to the Trustee, at the Trustee’s request, such financial information as the Authority is required to provide the City under the Memorandum of Understanding. The reports, statements, audits and other documents required to be furnished by the Authority to the Trustee and by the Trustee to the Authority pursuant to any provision hereof shall be available for inspection by any Beneficial Owner or by the City at the corporate trust office designated by the Trustee upon giving at least five days’ prior written notice to the Trustee. The Trustee shall act only as a repository for, and shall have no obligation to review, take any action in respect of, or be deemed to have knowledge of any Event of Default disclosed in, any financial statements or other documents submitted to the Trustee pursuant to this Section 9.8.
Financial Records and Statements. The Borrower shall maintain proper books of record and account in which proper entries shall be made in accordance with generally accepted accounting principles, consistently applied, of all its business and affairs related to the System. The Borrower shall have an annual audit made by an independent certified public accountant within one hundred and twenty (120) days after the end of each Fiscal Year. Such report shall include a certificate of the accountants to the effect that, during the course of such accountant's regular examination of the Borrower's financial condition, nothing came to such accountant's attention that would constitute an Event of Default hereunder. A copy of the audited annual report shall be forwarded to the Department when completed.
Financial Records and Statements. Borrower shall keep accurate books and records in accordance with generally accepted accounting principles consistently applied (or other basis of accounting practices prescribed or permitted by Lender) in which full, true and correct entries shall be promptly made as to all operations of the Property and shall permit all such books and records to be inspected and copied by Lender, its designees or its representatives during customary business hours. Borrower shall deliver to Lender within 90 days after the close of its financial year, and upon request by Lender at any time during the term of the loan secured by the Loan Documents, a statement of condition or balance sheet of Borrower relating solely to the Property as of the end of such year and an annual operating statement showing in reasonable detail all income and expenses of Borrower with respect to the Property, both certified as to accuracy by either an independent certified public accountant acceptable to Lender (if requested by Lender) or the senior financial officer or partner of Borrower. Borrower shall also deliver to Lender simultaneously with its delivery of the financial statements required above and upon request by Lender at any time during the year a current list of all persons then occupying portions of the Property under Leases, the rentals payable by such tenants and the unexpired terms of their Leases, certified to the best of Borrower’s knowledge, as to their accuracy by a representative of Borrower acceptable to Lender, and in form and substance reasonably satisfactory to Lender.
Financial Records and Statements. The Joint Venture shall maintain books, records, and financial statements of the business and affairs of the Joint Venture and shall prepare for distribution to each Member monthly financial statements.
Financial Records and Statements. The Company's and each Subsidiary's books of account and financial records are accurate and complete in all material respects and have been maintained in accordance with good business practices, and every material transaction affecting the Business has been recorded in them. The Company Financial Statements fairly and accurately represent the financial position, results of operations, and cash flows from operating, investing, and financing activities of the Company and the Subsidiaries as of the dates and for the periods disclosed.
Financial Records and Statements. The Manager shall maintain at the Facility full and accurate books and records pertaining to the Gaming Operations and the Facility and shall provide full and immediate access of such books and records to the Company and the Member Representative. Such books shall be kept in compliance with GAAP and pursuant to the requirements of Applicable Law. The Manager shall prepare and provide to the Company with a daily revenue flash report and comparative monthly, quarterly and annual financial statements showing all sales, revenues and all other amounts collected and received, and all deductions and disbursements made therefrom in connection with the Gaming Operation and in conformance with the budget approved by the Board. The CPA shall perform an annual audit of the Gaming Operation and of all major contracts for supplies, services or concessions reflected in the Operating Expenses and such annual audited financing statements shall be delivered to the Company as soon as available, but in no event more than ninety (90) days after the end of each calendar year of the Company.
