Common use of Cost of Reports Clause in Contracts

Cost of Reports. The cost of preparing the statements and reports described in this Article 10 shall be charged as an Operating Cost of the Hotel for the applicable Operating Year. If the opinion of the independent certified public accounting firm that prepared the Certified Financial Statements for any Operating Year with respect to the matters set forth in such Certified Financial Statements shall be an unqualified opinion, then such Certified Financial Statements shall be conclusive upon the Parties hereto with respect to such matters and shall be deemed to be a final determination of the GOR, Net Income, Operating Costs, Base Management Fee and Incentive Management Fee for such Operating Year, absent fraud, gross or manifest error, or breach of this Agreement.