Common use of Keeping of Records Clause in Contracts

Keeping of Records. Borrowers shall set up and maintain accurate and complete books, accounts and records pertaining to each Property in a manner reasonably acceptable to Agent. Borrowers will permit representatives of Agent to have free access to and to inspect and copy all books, records and contracts of Borrowers. Any such inspection by Agent and/or its Consultants shall be for the sole benefit and protection of Agent and the Lenders, and Agent shall have no obligation to disclose the results thereof to Borrowers or to any third party.

Appears in 2 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

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Keeping of Records. Borrowers Borrower shall set up and maintain accurate and complete books, accounts and records pertaining to each Property in a manner reasonably acceptable to Agent. Borrowers Borrower will permit representatives of Agent to have free access to and to inspect and copy all books, records and contracts of BorrowersBorrower. Any such inspection by Agent and/or its Consultants shall be for the sole benefit and protection of Agent and the Lenders, and Agent shall have no obligation to disclose the results thereof to Borrowers Borrower or to any third party.

Appears in 2 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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Keeping of Records. Borrowers Borrower shall set up and maintain accurate and complete books, accounts and records pertaining to each the Property in a manner reasonably acceptable to Agent. Borrowers Borrower will permit representatives of Agent to have free access to and to inspect and copy all books, records and contracts of BorrowersBorrower. Any such inspection by Agent and/or its Consultants shall be for the sole benefit and protection of Agent and the Lenders, and Agent shall have no obligation to disclose the results thereof to Borrowers Borrower or to any third party.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

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