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

Financial Statements; Books and Records. The Borrower will (a) at all times maintain, in accordance with generally accepted accounting principles or other consistently applied accounting methods, accurate and complete books and records pertaining to (1) the operation, business, and financial condition of the Borrower, (2) the Collateral, and (3) any contracts and collections relating to the Collateral; (b) furnish to the Administration promptly upon request, and in form and content and at the intervals specified by the Administration, any information concerning the operation, business, affairs, and financial condition of the Borrower as the Administration may request; (c) at all reasonable times and without delay, permit the Administration and its agents to enter any of the Borrower’s Facilities where any books, records, and other data concerning the Borrower or the Collateral or the Books and Records regarding the Project may be kept and to examine, audit, inspect, and photocopy any of those books, records, and other data; (d) furnish to the Administration promptly upon request and in the form and content specified by the Administration lists of purchasers of inventory, aging of accounts, aggregate cost or wholesale market value of inventory, schedules of equipment, and other data concerning the Collateral as the Administration may specify, and (e) xxxx its books and records in a manner satisfactory to the Administration so that the Administration's rights in the Collateral will be shown.

Financial Statements; Books and Records. The Borrower will (a) at all times maintain, in accordance with generally accepted accounting principles or other consistently applied accounting methods, accurate and complete books and records pertaining to (1) the operation, business, and financial condition of the Borrower, (2) the Collateral, and (3) any contracts and collections relating to the Collateral; (b) furnish to the Administration promptly upon request, and in form and content and at the intervals specified by the Administration, any information concerning the operation, business, affairs, and financial condition of the Borrower as the Administration may request; (c) at all reasonable times and without delay, permit the Administration and its agents to enter any of the Borrower’s Facilities where any books, records, and other data concerning the Borrower or the Collateral or the Books and Records regarding the Project may be kept and to examine, audit, inspect, and photocopy any of those books, records, and other data; (d) furnish to the Administration promptly upon request and in the form and content specified by the Administration lists of purchasers of inventory, aging of accounts, aggregate cost or wholesale market value of inventory, schedules of equipment, and other data concerning the Collateral as the Administration may specify, and (e) xxxx mark its books and records in a manner satisfactory to the Administration so that the Administration's rights in the Collateral will be shown.