Common use of Recordkeeping, Reporting and Inspection Clause in Contracts

Recordkeeping, Reporting and Inspection. The Section may establish and maintain a bank account or accounts and financial records of all income and expenses. The Section shall maintain all records related to its tax-exempt status and shall forward to SWE copies of its section governing documents, as well as any adverse notices or other correspondence received from any governmental agency (e.g., Internal Revenue Service).