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2� 1 ��43� (ii� Tra.nsactions are accurately and timely rec�rded ta permit the preparation of quarter�� and annual financia�reparts in confarmity With applicab�e Pr�g��m �b�igatians; �111� Transactions ar�time�y recorded in suff�cient detail so as to permit an eff cient audit of the B�rrower's baal�s and rec�rds in ac�orc�ance With Genera��y Accepted Auc�it�ng Sta�ndards (�rAAS), �ene�all�Accepted �overnment Auditin� Standards �GAGAS�, and other appl�cable Program �bligations; and (iv} Transactions are timely recorded in sufficient deta�� so as ta maintain aceounta�ility of the Borrower's assets. The recarded a�countabi�ity far assets sha�� be compaxed with the existing assets at reasanal��e intervals, but not less than annually, and apprapriate actian shal� be tal�en w�th respect to any d�ffer�nces. (d� Make the b�oks, re�ords and ac�aunts af Barrower available for inspe�tion by HUD or its authorxzed representatives, after reasonable pri�r nntice, during n�rma� business hours, at the Proj ect ar�ther mutually agreeable location or, at HUI]'s request, shall provide legibie copies �f such documents ta HUI] or�ts authorized r�presentatives with�n a reasanable time after HZJI] or its authorized representative makes a requ�st f�r such d��uments. (e� Inc�ude as a requirement in any operating or management contract that the b�oks, records, and acc�unts of any agent�f Borrower, as they pertain to the �perations af the Pr�j ect, shall be l��pt in accordance vv�th the requirements �f this S��ti�n 19 and be ava�lable for �xam�natian by HUI� ar�ts authorized repr�sentat�ves after reas�nab�e prior notice during customary business h�urs at the Praject or ather mutua��y agreeable Iacation or, at HUD's request, the Management Agent shall pravide legible c�pies of such documents to HUD �r its authorized representatives within a reasanable time after HUI� �r its authorized repr�s�ntative makes the request. 2U. ANNUAL FINAN�IAL REP�RTS. �a} F�r so �ong as any portion or portions of this Sect�on�� are not express�y waived or modified in writing by HUD, w�thin ninety ��} days, ar such�onger peri�d established in writin�by HUD, following the end�f each fiscal year, Borrower shall furnish HUI] and Lender with a complete annual financial report of al� of Borrov�rer's financial activities far the immediately preceding fiscal year, or far such other perind as appraved by HUD in writing, prepar�d in a�carda.nc� with �enerally Accepted Accounting Pr�nciples [�``rAAP}. For puxposes of th�s Secti�n 24, where Borrower is also �peratar, and Without lim�ting the requxrements for �perat�r's subm�ssion of financ�al reports t� HUI] under the �perator's Regulatary Agr�ement, f�nancial activities of Borrower and the Proj ect shall include a11 af the activit�es �f both Borrower and �perat�r. To the extent any records ar ather�nformati�n of the Proj ect is he�d by �perator, or any manag�ment agent�r Affiliate, Barr�wer sha�l cause such entity t�pravide such information to Borrovver, Lender, and HUD, and ev�ry contract related to the Proj ect with �perator, or any management agent or Affrliate, sha�l include the�rovision that such informat�on Previous�ersions obsolet� Page'15 of 36 form HUD-924fi6-�RCF ��61��'f4}