Single-Asset Audit Sample Clauses

Single-Asset Audit. On or before July 1st of the year following the commencement of Project operations and on or before each subsequent July 1st thereafter during the Term of the Agreement, Borrower will be required to submit a Single-Asset Audit. “Single- Asset Audits” are cash-based audits of operations at the Project defined in this Agreement and cover a 12-month period. The Single-Asset Audit is to be prepared by an Independent Certified Public Accountant and to be conducted in accordance with Generally Accepted Auditing Standards. If the Borrower does not provide the Single-Asset Audit on July 1st as outlined in this paragraph, this will be considered an Event of Default as defined in Section 17.0 of this Agreement.