Common use of Records and Books of Account Clause in Contracts

Records and Books of Account. (a) The General Partner shall maintain, or cause to be maintained complete and accurate records and books of account of all transactions of the Partnership wherein shall be entered all transactions, matters and things relating to the Partnership's business as are usually entered into books of account kept by persons engaged in a business of a like character, all on the method of accounting determined in accordance with Section 11.1, consistently applied. (b) All of such records and books of account together with all other documents and files of the Partnership, including but not limited to copies of all documents prepared by the General Partner and all correspondence, shall, at all times, be kept at the main office of the Partnership or such other place as may be designated by the General Partner and to which the Partners shall have reasonable access as hereinafter provided, and all such records, books of account, documents and files shall be the exclusive property of the Partnership. In the event of the termination of the Partnership interest of the General Partner, all such records, books of account, documents and files shall remain in the exclusive possession of the Partnership. At any time and from time to time while the Partnership continues and until its complete liquidation (but only during reasonable business hours), each Partner may, at its own expense and upon reasonable prior written notice to the General Partner, fully examine, inspect, make copies and audit the Partnership's books, records, accounts and assets, including but not limited to bank balances and physical inspection of the Properties or an audit to be made by any competent accountant or other professional employed by it at its expense.

Records and Books of Account. (a) The General Partner shall maintain, or cause to be maintained maintain complete and accurate records and books of account of all transactions of the Partnership wherein shall be entered all transactions, matters and things relating to the Partnership's business as are usually entered into books of account kept by persons engaged in a business of a like character, all on the method of accounting determined in accordance with Section 11.1, consistently applied. (b) All of such records and books of account together with all other documents and files of the Partnership, including but not limited to copies of all documents prepared by the General Partner and all correspondence, shall, at all times, be kept at the main office of the Partnership or such other place as may be designated by the General Partner and to which the Partners shall have reasonable access as hereinafter provided, and all such records, books of account, documents and files shall be the exclusive property of the Partnership. In the event of the termination of the Partnership interest of the General Partner, all such records, books of account, documents and files shall remain in the exclusive possession of the Partnership. At any time and from time to time while the Partnership continues and until its complete liquidation (but only during reasonable business hours), each Partner may, at its own expense and upon reasonable prior written notice to the General Partner, fully examine, inspect, make copies and audit the Partnership's books, records, accounts and assets, including but not limited to bank balances and physical inspection of the Properties Property or an audit to be made by any competent accountant or other professional employed by it at its expense.