Common use of Maintenance of Substantiating Documentation Clause in Contracts

Maintenance of Substantiating Documentation. At all times during the Term of the Agreement and for 3 years following Expiration or Termination, the DPA shall maintain a complete and accurate set of Records The DPA shall require its Subcontractors to maintain a complete and accurate set of files, books, documents, papers, reports and records of all business activities and operations conducted by the Subcontractor, and all photocopies or reproductions thereof, relevant to each restructure transaction attempted or completed by the Subcontractor under the Program or to Subcontractor’s performance of the requirements of the Agreement. The DPA shall maintain at its principal place of business, or a convenient, secure location off- site, the final reports or other final work product and Records prepared by the DPA and its Subcontractors. All Records stored off-site shall be available to HUD upon 48 hours notice to the DPA. All Records collected or prepared by the DPA or Subcontractors, or related to a Project, or related to the DPA’s performance under the Agreement shall be the property of HUD and shall not, in any manner, be construed to be the property of the DPA.

Maintenance of Substantiating Documentation. At all times during the Term of the Agreement and for 3 years following Expiration or Termination, the DPA shall maintain a complete and accurate set of Records The DPA shall require its Subcontractors to maintain a complete and accurate set of files, books, documents, papers, reports and records of all business activities and operations conducted by the Subcontractor, and all photocopies or reproductions thereof, relevant to each restructure transaction attempted or completed by the Subcontractor under the Program or to Subcontractor’s performance of the requirements of the Agreement. The DPA shall maintain at its principal place of business, or a convenient, secure location off- off-site, the final reports or other final work product and Records prepared by the DPA and its Subcontractors. All Records stored off-off- site shall be available to HUD upon 48 hours notice to the DPA. All Records collected or prepared by the DPA or Subcontractors, or related to a Project, or related to the DPA’s performance under the Agreement shall be the property of HUD and shall not, in any manner, be construed to be the property of the DPA.