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

Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Mortgaged Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor’s records and books of account at all reasonable times. Prior to the first Sale hereunder, and for so long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, 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 Mortgagee as being true and correct by the chief financial officer of the REIT, and, with respect to the financial statements and information set forth in subsection (e) hereof, audited by an independent certified public accountant, be prepared in accordance with generally accepted accounting principles consistently applied and be in form and substance acceptable to Mortgagee:

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Apple Hospitality Two Inc), Mortgage and Security Agreement (Apple Hospitality Two Inc)

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Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Mortgaged Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor’s 's records and books of account at all reasonable times. Prior to the first Sale hereunder, and for so So long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, 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 Mortgagee as being true and correct by Mortgagor or the chief financial officer of the REITperson or entity to which they pertain, as applicable, and, with respect to the financial statements and information set forth in subsection (ed) hereof, audited by an independent certified public accountant, be prepared in accordance with generally accepted accounting principles consistently applied applied, and be in form and substance acceptable to Mortgagee:

Appears in 1 contract

Samples: Mortgage and Security Agreement (First Union Real Estate Equity & Mortgage Investments)

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Financial Statements and Books and Records. Mortgagor shall keep accurate books and records of account of the Mortgaged Property and its own financial affairs sufficient to permit the preparation of financial statements therefrom in accordance with generally accepted accounting principles. Mortgagee and its duly authorized representatives shall have the right to examine, copy and audit Mortgagor’s 's records and books of account at all reasonable times. Prior to the first Sale hereunder, and for so So long as this Mortgage continues in effect, Mortgagor shall provide to Mortgagee, 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 Mortgagee as being true and correct by Mortgagor or the chief financial officer of the REITperson or entity to which they pertain, as applicable, and, with respect to the financial statements and information set forth in subsection (ec) hereof, audited by an independent certified public accountant, be prepared in accordance with generally accepted accounting principles consistently applied applied, and be in form and substance acceptable to Mortgagee:

Appears in 1 contract

Samples: Mortgage and Security Agreement (Glimcher Realty Trust)

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