Common use of Keeping of Records Clause in Contracts

Keeping of Records. Borrower shall set up and maintain accurate and complete books, accounts and records pertaining to each Project and the development and construction thereof in a manner reasonably acceptable to Lender. Borrower will permit representatives of Lender and the Inspecting Architect to have free access to and to inspect and copy all books, records and contracts of Borrower relating to each Project and the acquisition, development and construction thereof, and will permit representatives of Lender to have free access to and to inspect and copy all other books, records and contracts of Borrower. Any such inspection shall be for the sole benefit and protection of Lender, and Lender shall have no obligation to disclose the results thereof to Borrower or to any third party.