Common use of Records and Access Clause in Contracts

Records and Access. 18.1 Mainspring will keep or cause to be kept books, records and statements of the Custody Account in accordance with applicable requirements of any regulatory or fiscal body, Regulatory Rules, and applicable law on behalf of the Portfolios, as may be reasonably necessary to give a complete record of all the Cash, Securities and documents held and transactions carried out by Mainspring on behalf of the Portfolios under this Agreement. 18.2 In producing the statements in Clause 18.1 Mainspring will perform a reconciliation check of the Securities and Cash in each Custody Account and investigate any discrepancy. 18.3 On written agreement between the Parties, Mainspring will allow the Manager and its independent accountants, auditors or regulators reasonable access to the books, records and statements of Mainspring relating to the Services at all reasonable times and as is required by the Manager in connection with an examination of the books, records and statements pertaining to the affairs of the Manager, and will seek to ensure that it obtains such access from each Affiliate and Delegate.