Common use of Open Book Obligations Clause in Contracts

Open Book Obligations. The Grant Recipient shall ensure that for each Firm Scheme it and each Grant Recipient Affiliate keeps on an Open Book Basis (in accordance with generally accepted accounting practice) separate books of account for items relating to the Move On Housing which identify items of Decision Revenue, the Firm Scheme Grant and Decision Allowable Costs and such other items required under this Condition 16. The Grant Recipient shall upon Homes England’s written request: make available upon reasonable notice for Homes England’s inspection (and that of any person referred to in this Condition 16 or in Condition 19 or any person appointed pursuant to Condition 24) the books of account referred to in Condition 16.1 (together with, if specified, such supporting correspondence, agreements, orders, invoices, receipts and other documents) and shall submit a report in relation to the same to Homes England as and when requested to do so; and procure that a representative of Homes England (or any of its auditors or advisors) may on reasonable notice visit any place where any records or information of the type described in this Condition 16 are held or maintained and examine such records or information. The Grant Recipient shall ensure that it and any Grant Recipient Affiliate (at its or their cost) co-operates with Homes England during an SGEI Review and it shall if requested promptly provide Homes England with SGEI Information and such other information, evidence and/or explanation as Homes England may reasonably require.

Open Book Obligations. The Grant Recipient Each Consortium Member shall ensure that for each Firm Scheme it and each Grant Recipient Consortium Member Affiliate keeps on an Open Book Basis (in accordance with generally accepted accounting practice) separate books of account for items relating to the Move On Housing which identify items of Decision Revenue, the Firm Scheme Grant and Decision Allowable Costs and such other items required under this Condition 16. The Grant Recipient Each Consortium Member shall upon Homes England’s 's written request: make available upon reasonable notice for Homes England’s 's inspection (and that of any person referred to in this Condition 16 or in Condition 19 or any person appointed pursuant to Condition 24) the books of account referred to in Condition 16.1 (together with, if specified, such supporting correspondence, agreements, orders, invoices, receipts and other documents) and shall submit a report in relation to the same to Homes England as and when requested to do so; and procure that a representative of Homes England (or any of its auditors or advisors) may on reasonable notice visit any place where any records or information of the type described in this Condition 16 are held or maintained and examine such records or information. The Grant Recipient Each Consortium Member shall ensure that it and any Grant Recipient Consortium Member Affiliate (at its or their cost) co-operates with Homes England during an SGEI Review and it shall if requested promptly provide Homes England with SGEI Information and such other information, evidence and/or explanation as Homes England may reasonably require. Each Consortium Member that is an RP Provider acknowledges that: where the proportion of Allocated Grant received or to be received by that Consortium Member (whether by itself or if aggregated with other Move On Funds or funds made available under any subsequent Homes England capital funding programme or any Previous Programme) exceeds £3,000,000, that Consortium Member must publish details quarterly of all expenditure in excess of £500 incurred by it in delivering Firm Schemes by such means as ensures that such details can be accessed by the general public; and except for any information which is exempt from disclosure in accordance with the FOIA, and notwithstanding any other term of this Agreement, each Consortium Member hereby consents for Homes England to publish such information as it considers appropriate in relation to the Move On Fund, including, but not limited to, details of the Approved Bid, Development Costs, other costs and funding for Firm Schemes, including from time to time agreed changes to this information. Each Consortium Member that is an LA Provider: must comply with the Transparency Code; and agrees that if the Transparency Code is not binding upon it, it will be bound by the terms of Condition ‎17.1 (mutatis mutandis). Homes England shall be responsible for determining in its absolute discretion whether any of the content of this Agreement is exempt from disclosure in accordance with the provisions of the FOIA either: following consultation with the Lead Partner and having taken (or not taken, as the case may be) its views into account; or without consulting the Lead Partner. The Lead Partner shall assist and cooperate (and procure that the other Consortium Members assist and co-operate) with Homes England to enable Homes England to publish the information referred to in Condition ‎17.1.2.

Open Book Obligations. 16.1 The Grant Recipient shall ensure that for each Firm Scheme it and each Grant Recipient Affiliate keeps on an Open Book Basis (in accordance with generally accepted accounting practice) separate books of account for items relating to the Move On Affordable Housing which identify items of Decision Revenue, the Firm Scheme Grant and Decision Allowable Costs and such other items required under this Condition 16. . 16.2 The Grant Recipient shall upon Homes England’s the Agency's written request: : 16.2.1 make available upon reasonable notice for Homes England’s the Agency's inspection (and that of any person referred to in this Condition 16 or in Condition 19 20 or any person appointed pursuant to Condition 24) 25 the books of account referred to in Condition 16.1 (together with, if specified, such supporting correspondence, agreements, orders, invoices, receipts and other documents) and shall submit a report in relation to the same to Homes England the Agency as and when requested to do so; and and 16.2.2 procure that a representative of Homes England the Agency (or any of its auditors or advisors) may on reasonable notice visit any place where any records or information of the type described in this Condition 16 are held or maintained and examine such records or information. . 16.3 The Grant Recipient shall ensure that it and any Grant Recipient Affiliate (at its or their cost) co-operates with Homes England the Agency during an SGEI Review and it shall if requested promptly provide Homes England the Agency with SGEI Information and such other information, evidence and/or explanation as Homes England the Agency may reasonably require.