Accounts & Audit. 9.1.1 The Developer agrees and undertakes that during the subsistence of this Development Agreement, it shall maintain books of account recording all receipts including those on account of project revenue, income receipt, payments, assets and liabilities in accordance with Good Industry Practice and Applicable Laws. The said account shall, inter-alia, clearly reflect: a) Sub-Lessee wise account of receipts and receivables; b) Lease transfer receipts and receivables; c) Account of all other receipts and receivables; d) Obligations towards contractors, Sub-Contractors, suppliers and all payments made; e) Application of debt fund; and
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Sources: Development Agreement, Development Agreement, Development Agreement