Common use of Financial Statements and Books and Records Clause in Contracts

Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Deed of Trust continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied, and be in form and substance acceptable to Lender:

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (NNN Apartment REIT, Inc.)

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Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basisin accordance with generally accepted accounting principals, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Deed of Trust continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with sound generally accepted accounting practices relating to the real estate industry, on a Cash/Tax basisprincipals, consistently applied, and be in form and substance acceptable to Lender:

Appears in 1 contract

Samples: Trust, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.)

Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit BorrowerBxxxxxxx’s records and books of account at all reasonable times. So long as this Deed of Trust continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied, and be in form and substance acceptable to Lender:

Appears in 1 contract

Samples: Security Agreement and Fixture (NNN Apartment REIT, Inc.)

Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basisin accordance with generally accepted accounting principals, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Deed of Trust Mortgage continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied, and be in form and substance acceptable to Lender:

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.)

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Financial Statements and Books and Records. Borrower shall keep accurate books and records of account of the Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basisin accordance with generally accepted accounting principals, consistently applied. Lender and its duly authorized representatives shall have the right to examine, copy and audit Borrower’s records and books of account at all reasonable times. So long as this Security Deed of Trust continues in effect, Borrower shall provide to Lender, in addition to any other financial statements required hereunder or under any of the other Loan Documents, the following financial statements and information, all of which must be certified to Lender as being true and correct by Borrower or the person or entity to which they pertain, as applicable, and be prepared in accordance with sound accounting practices relating to the real estate industry, on a Cash/Tax basis, consistently applied, and be in form and substance acceptable to Lender:

Appears in 1 contract

Samples: Debt, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.)

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