Accounting Records

Accounting Records. Shall mean financial statements and such records used to prepare and evaluate financial statements including but not limited to: (i) a balance sheet, (ii) an income statement, (iii) a trial balance, (iv) a project budget and (v) such other documentation in the possession of Borrowers or their Affiliates or which Borrowers will use commercially reasonable efforts to acquire, as Lender shall reasonably request for the consolidation of the Project if required; provided, however, that Borrowers... shall not be required to change their accounting methods or make adjustments to their statements to accommodate a consolidation desired by Lender using Lender's accounting methods. During the term of the Loan, Lender shall keep all such financial statements and Accounting Records confidential and shall not divulge the contents of the Accounting Records to any persons other than to those persons who are responsible for preparing or reviewing any reports, records, budgets, statements, filings or disclosures using the Accounting Records, including, but not limited to, Lender's consultants, professionals, lender, accountants, attorneys, partners, officers and employees, except to the extent required by law, financial reporting requirements, or any court order or as reasonably necessary in the administration of the Loan or in connection with disclosures to investors. View More

Accounting Records. Shall mean such records used to prepare financial statements including but not limited to: (i) supporting documentation for cash disbursements (including check copies and invoices); (ii) supporting documentation for cash receipts (including deposit slips); (iii) contracts; (iv) check registers; (v) monthly bank account reconciliations and (vi) such other documentation in the possession of Borrower or its Affiliates or which Borrower will use its best efforts to acquire, as Lender shall... reasonably require for the preparation of financial statements for the Project, Mortgagor or Borrower. View More