Common use of Owner’s Right to Audit Clause in Contracts

Owner’s Right to Audit. (a) Owner, or persons appointed by Owner, may examine all books, records and files maintained for Owner by Manager. Owner may perform any audit or investigations relating to Manager’s activities either at the Property or at any office of Manager if such audit or investigation relates to Manager’s activities for Owner. (b) Should Owner or its appointees discover either weaknesses in internal control or errors in recordkeeping, Manager shall correct such discrepancies within a reasonable period of time. Manager shall inform Owner in writing of the action taken to correct any audit discrepancies.

Appears in 6 contracts

Samples: Assignment of Management Agreement and Exclusive Right to Lease Agreement (Secured Investment Resources Fund Lp Ii), Assignment of Management Agreement and Subordination of Management Fees (Secured Investment Resources Fund Lp Ii), Property Management Agreement (Secured Investment Resources Fund Lp Ii)

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Owner’s Right to Audit. (a) Owner reserves the right to conduct an examination of the books and records maintained by Manager for Owner, or persons appointed by Owner, may examine all books, records and files maintained for Owner by Manager. Owner may to perform any and all audit or investigations tests relating to Manager’s activities activities, either at the Property Property, or at any office of the Manager; provided such examination and tests are related to those activities performed by Manager if such audit or investigation relates to Manager’s activities for Owner. (b) Should Owner . Any and all such audits conducted either by Owner’s employees or its appointees discover either weaknesses in internal control or errors in recordkeeping, Manager shall correct such discrepancies within a reasonable period will be at the sole expense of timeOwner. Manager shall inform Owner in writing of the action taken to correct will assist and prepare materials requested regarding any audit discrepanciessuch audit.

Appears in 2 contracts

Samples: Property Management Agreement, Property Management Agreement (American Campus Communities Inc)

Owner’s Right to Audit. (a) Owner, or persons appointed by Owner, may examine all books, records and files maintained for Owner by Manager. Owner may perform any audit or investigations relating to Manager’s 's activities either at the Property or at any office of Manager if such audit or investigation relates to Manager’s 's activities for Owner. (b) Should Owner or its appointees discover either weaknesses in internal control or errors in recordkeeping, Manager shall correct such discrepancies within a reasonable period of time. Manager shall inform Owner in writing of the action taken to correct any audit discrepancies.

Appears in 1 contract

Samples: Property Management Agreement (Secured Investment Resources Fund Lp Ii)

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Owner’s Right to Audit. (a) Owner reserves the right to conduct examination of the books and records maintained by Manager for Owner, or persons appointed by Owner, may examine all books, records and files maintained for Owner by Manager. Owner may to perform any and all audit or investigations tests relating to Manager’s activities activities, either at the Property Property, or at any office of the Manager; provided such examination and tests are related to those activities performed by Manager if such audit or investigation relates to Manager’s activities for Owner. Any and all such audits conducted either by Owner’s employees or appointees will be at the sole expense of Owner. (b) Should Owner or its appointees discover either weaknesses in internal control or errors in recordkeeping, Manager shall correct such discrepancies within a reasonable period of time. Manager shall inform Owner in writing of the action taken to correct any audit discrepancies.

Appears in 1 contract

Samples: Management Agreement (American Campus Communities Inc)

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