Common use of Accounting Records and Financial Statements Clause in Contracts

Accounting Records and Financial Statements. (a) The Trustee shall keep proper books of record and account with respect to this Indenture and the Bonds and the funds and accounts maintained hereunder, all in accordance with prudent industry practice, and shall make complete and accurate entries of all transactions relating to the proceeds of Bonds, the Revenues, the Loan Agreement and all funds and accounts established pursuant to this Indenture. Such books of record and account shall be available for inspection by the Authority, the Company, the Bank and any Bondholder, or their respective agents or representatives duly authorized in writing, at reasonable hours and under reasonable circumstances. (b) The Trustee shall furnish the Company monthly with statements (which need not be audited) covering the receipts, disbursements, allocation and application of Revenues and other money (including proceeds of Bonds) in the funds and accounts established pursuant to this Indenture during the preceding monthly period; each such statement shall be furnished within thirty (30) days following the end of the period covered by such statement.

Accounting Records and Financial Statements. (a) The Trustee shall keep at all times keep, or cause to be kept, proper books of record and account with respect to this Indenture and the Bonds and the funds and accounts maintained hereunder, all in accordance as shall be consistent with prudent corporate trust industry practice, and shall make in which complete and accurate entries shall be made of all transactions relating to the proceeds of Bonds, the Revenues, the payments under the Loan Agreement and all funds and accounts established pursuant to this Indenture. Such books of record and account shall be available for inspection by the Authority, the CompanyBorrower, the Bank and any Bondholder, or their respective agents his agent or representatives representative duly authorized in writing, at reasonable hours and under reasonable circumstancescircumstances subject to prior written notice to the Trustee. (b) The Trustee shall within thirty (30) days after the end of each month furnish to the Company Borrower a monthly with statements statement (which need not be audited) covering the receipts, disbursements, allocation and application of Revenues and any other money moneys (including proceeds of Bonds) in any of the funds and accounts established pursuant to this Indenture during the preceding monthly period; each for such statement shall be furnished within thirty (30) days following the end of the period covered by such statementmonth.