Common use of FINANCIAL REPORTING TO THE GOVERNMENT Clause in Contracts

FINANCIAL REPORTING TO THE GOVERNMENT. (a) The Borrower will, within 20 days after the close of each fiscal year, and at such other times and in such form as the Government may prescribe, furnish to the Government, the Borrower’s financial and operating statements including schedules showing all compensation paid by the Borrower; (b) The Borrower will, at all times, keep proper books of account in accordance with generally accepted accounting principles and practice; and (c) The Borrower will permit the Government, at the Borrower’s expense and in such manner and at such time as the Government may require, to (i) make inspections and audits of any books, records, and papers in the custody and control of the Borrower or others, relating to the Borrower’s financial or business conditions, including making copies thereof, and extracts therefrom, and (ii) make inspections and appraisals of any of the Borrower’s assets.

FINANCIAL REPORTING TO THE GOVERNMENT. (a) The Borrower will, within 20 days after the close of each fiscal year, and at such other times and in such form as the Government may prescribe, furnish to the Government, the Borrower’s 's financial and operating statements including schedules showing all compensation paid by the Borrower; (b) The Borrower will, at all times, keep proper books of account in accordance with generally accepted accounting principles and practice; andand Pg. 6 of 18 ------ (c) The Borrower will permit the Government, at the Borrower’s 's expense and in such manner and at such time as the Government may require, to (i) make inspections and audits of any books, records, and papers in the custody and control of the Borrower or others, relating to the Borrower’s 's financial or business conditions, including making copies thereof, and extracts therefrom, and (ii) make inspections and appraisals of any of the Borrower’s 's assets.

FINANCIAL REPORTING TO THE GOVERNMENT. (a) The Borrower will, within 20 days after the close of each fiscal year, and at such other times and in such form as the Government may prescribe, furnish to the Government, the Borrower’s 's financial and operating statements including schedules showing all compensation paid by the Borrower; (b) The Borrower will, at all times, keep proper books of account in accordance with generally accepted accounting principles and practice; and (c) The Borrower will permit the Government, at the Borrower’s 's expense and in such manner and at such time as the Government may require, to (i) make inspections and audits of any books, records, and papers in the custody and control of the Borrower or others, relating to the Borrower’s 's financial or business conditions, including making copies thereof, and extracts therefrom, and (ii) make inspections and appraisals of any of the Borrower’s 's assets.