Common use of Records and Financial Statements of Borrower Clause in Contracts

Records and Financial Statements of Borrower. The Borrower shall, within 120 days after the close of each fiscal year, submit to the Authority and to the Trustee audited financial statements with respect to the Borrower or its parent company for such fiscal year. The Trustee shall have no duty to review such financial statements. The Trustee shall be permitted (but shall have no duty) at all reasonable times during the term of this Agreement to examine the books and records of the Borrower with respect to the Project Facilities, subject to the limitations expressed in Section 5.1.

Records and Financial Statements of Borrower. The Borrower shall, within 120 one hundred twenty (120) days after the close of each fiscal year, submit to the Authority and to the Trustee audited financial statements with respect to the Borrower or its parent company for such fiscal year. The Trustee shall have no duty to review such financial statements. The Trustee shall be permitted (but shall have no duty) at all reasonable times during the term of this Agreement to examine the books and records of the Borrower with respect to the Project FacilitiesProject, subject to the limitations expressed in Section 5.1.