Books and records Primjeri odredbi

Books and records. The Borrower shall ensure that the Promoter keeps and will continue to keep proper books and records of account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower, including expenditures in connection with the Project, in accordance with GAAP as in effect from time to time. The Borrower represents and warrants to the Bank that:
Books and records. The Borrower: shall ensure that the Borrower and the Promoters have kept and will continue to keep proper books and records of account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower, including expenditures in connection with the Project, in accordance with GAAP as in effect from time to time; and, shall, and ensure that the Promoters will, keep records of contracts financed with the proceeds of the Loan including a copy of the contract itself and material documents relating to the procurement for at least 6 years from substantial performance of the contract.

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