Common use of RECORDS AND FINANCIAL STATEMENTS Clause in Contracts

RECORDS AND FINANCIAL STATEMENTS. 5.1 Tenant must, within ten (10) days after a request from Landlord {but not more than once per calendar year), deliver to Landlord such records and financial statements as are reasonably required by Landlord to verify the net worth of Tenant and any guarantor of Tenant's obligations under this Lease {including, without limitation, a balance sheet showing then-current net worth of Tenant together with a profit and loss statement for the most current fiscal year of Tenant). Such statements must be certified to be correct by an officer of Tenant or an independent certified public accountant and must be prepared in accordance with generally accepted accounting principles. In the event that Tenant is a subsidiary comprising only the operations conducted at the Demised Premises, Tenant must also provide such statements from the parent company or larger business of which Tenant is a part. In the event that Tenant is an individual, the financial statements must be prepared in accordance with generally accepted accounting standards governing personal financial statements and include all assets and liabilities of the individual, including the operations conducted at the Demised Premises as well as all other business activities. In lieu of financial statements, Landlord may request the individual's most recent federal income tax return. 5.2 Landlord shall use reasonable good faith efforts to keep confidential all records and financial statements supplied by Tenant; however, Landlord has the right to reveal such information to mortgagees, prospective purchasers and mortgagees (and agents in such regard) and to Landlord's own managerial and administrative staff and consultants.

RECORDS AND FINANCIAL STATEMENTS. 5.1 Tenant must, within must with ten (10) days after a request from Landlord {(but not more than once per calendar year), deliver to Landlord such records and financial statements as are reasonably required by Landlord to verify the net worth of Tenant and any guarantor of Tenant's ’s obligations under this Lease {(including, without limitation, a balance sheet showing then-the then- current net worth of Tenant together with a profit and loss statement for the most current fiscal year of Tenant). Such statements must much be certified to be correct by an officer of Tenant or an independent certified public accountant and must be prepared in accordance with generally accepted accounting principles. In the event that Tenant is a subsidiary comprising only the operations conducted at the Demised Premises, Tenant must also provide such statements from the parent company or larger business of which Tenant is a part. In the event that Tenant is an individual, the financial statements must be prepared in accordance with generally accepted accounting standards governing personal financial statements and include all assets and liabilities of the individual, including the operations conducted at the Demised Premises as well as all other business activities. In lieu of financial statements, Landlord may request the individual's ’s most recent federal income tax return. 5.2 Landlord shall use reasonable good faith efforts to keep confidential all sales reports, records and financial statements supplied by Tenant▇▇▇▇▇▇; however, Landlord has the right to reveal such information to mortgageesmortgages, prospective purchasers and mortgagees mortgages (and agents in such regard) and to Landlord's ’s own managerial and administrative staff and consultants.

RECORDS AND FINANCIAL STATEMENTS. 5.1 Tenant must, within ten (10) days after a request from Landlord {but not more than once per calendar year), deliver to Landlord such records and financial statements as are reasonably required by Landlord to verify the net worth of Tenant and any guarantor of Tenant's obligations under this Lease {including, without limitation, a balance sheet showing then-current net worth of Tenant together with a profit and loss statement for the most current fiscal year of Tenant). Such statements must be certified to be correct by an officer of Tenant or an independent certified public accountant and must be prepared in accordance with generally accepted accounting principles. In the event that Tenant is a subsidiary comprising only the operations conducted at the Demised Premises, Tenant must also provide such statements from the parent company or larger business of which Tenant is a part. In the event that Tenant is an individual, the financial statements must be prepared in accordance with generally accepted accounting standards governing personal financial statements and include all assets and liabilities of the individual, including the operations conducted at the Demised Premises as well as all other business activities. In lieu of financial statements, Landlord may request the individual's most recent federal income tax return. 5.2 Landlord shall use reasonable good faith efforts to keep confidential all records and financial statements supplied by Tenant▇▇▇▇▇▇; however, Landlord ▇▇▇▇▇▇▇▇ has the right to reveal such information to mortgagees, prospective purchasers and mortgagees (and agents in such regard) and to Landlord's own managerial and administrative staff and consultants.