Common use of REIT Compliance Clause in Contracts

REIT Compliance. Within fifteen (15) days of the end of each quarter of each fiscal year of Venture, upon receipt of a written request therefor, Developer shall cause to be furnished to Venture (or any member of Venture making the request) such information as reasonably requested by such party, and to the extent not readily available, which may be reasonably prepared by the Developer at the expense of the requesting party, as is necessary for any such party (whether a direct or indirect owner) to determine its qualification as a Real Estate Investment Trust and its compliance with REIT Requirements (as defined in the LLC Agreement) as shall be requested by the requesting party. Further, the Developer shall cooperate in a reasonable manner at the request of Venture (or any member of Venture making the request), at the expense of the requesting party, to work in good faith with any designated accountants or auditors of such requesting party or its affiliates so that such requesting party or its affiliate is able to comply with any public reporting, attestation, certification and other requirements under the Securities Exchange Act of 1934, as amended, applicable to such entity, and to work in good faith with the designated accountants or auditors of such requesting party or any of its affiliates in connection therewith, including for purposes of testing internal controls and procedures of such requesting party or its affiliates.

REIT Compliance. Within fifteen (15) days of the end of each quarter of each fiscal year of Venturethe Owner, upon receipt of a written request therefor, Developer shall cause to be furnished to Venture (or any member Member of Venture the Owner making the request) request such information as reasonably requested by such partyparty and in the possession of, and or under the control of, Developer or its Affiliates or, to the extent not readily availablein the possession of, or under the control of, Developer or its Affiliates, which relates to the Project or the Development Work and which may be reasonably prepared by the Developer at the expense of the requesting party, as is necessary for any such party (whether a direct or indirect ownerowner in Owner) to determine its qualification as a Real Estate Investment Trust REIT (as defined in the LLC Agreement) and its compliance with REIT Requirements (as defined in the LLC Agreement) as shall be requested by the requesting party). Further, the Developer shall cooperate in a reasonable manner at the request of Venture (or the any member Member of Venture the Owner making the request), at the expense of the requesting party, to work in good faith with any designated accountants or auditors of such requesting party or its affiliates so that such requesting party or its affiliate is able to comply with any public reporting, attestation, certification and other requirements under the Securities Exchange Act of 1934, as amended, applicable to such entity, and to work in good faith with the designated accountants or auditors of such requesting party or any of its affiliates in connection therewith, including for purposes of testing internal controls and procedures of such requesting party or its affiliates.