Common use of Reports by Tenant Clause in Contracts

Reports by Tenant. Tenant shall submit to Landlord on or before the sixtieth (60th) day following each lease year during the Term hereof at the place then fixed for the payment of rent, or at such other place designated by Landlord, a written statement signed by Tenant, and certified by it to be true and correct, showing in reasonable, accurate detail, the amount of Gross Receipts for each preceding year. Tenant shall submit to Landlord on or before the sixtieth (60th) day following the end of each lease year at the place then fixed for the payment of rent, a written statement signed by Tenant, and certified to be true and correct showing in reasonably accurate detail satisfactory in scope to Landlord, the amount of Gross Receipts during the preceding calendar year. At Landlord’s option, the written statement shall be duly certified to Tenant and Landlord by independent certified public accounts of recognized standing. The accounting statement referred to in this Section 6.02 shall be in such form and style and contain such details and breakdown as the Landlord may reasonably require. If Tenant fails to timely submit to Landlord either the monthly or annual written statement described in this Section 6.02, Tenant shall pay to Landlord, as additional rent and without limiting any other remedy Landlord may have against Tenant under this lease as a result of this breach, a $100.00 (increased each year according to the Index) charge for each and every month that the Tenant fails to timely submit such written statement. Alternatively, Landlord shall have the right, upon five (5) days written notice, to audit Tenant’s records at Tenant’s expense.

Reports by Tenant. Tenant shall submit to Landlord Owner on or before the sixtieth thirtieth (60th30th) day following each lease year monthly period during the Term hereof (including the thirtieth (30th) day of the month following the end of the Term) at the place then fixed for the payment of rent, or at such other place designated by LandlordOwner, a written statement signed by Tenant, and certified by it to be true and correct, showing in reasonable, accurate detail, the amount of Gross Receipts for each preceding yearmonth and fractional month, if any. Tenant shall submit to Landlord Owner on or before the sixtieth thirtieth (60th30th) day following the end of each lease calendar year at the place then fixed for the payment of for rent, a written statement signed by Tenant, and certified to be true and correct showing in reasonably accurate detail satisfactory in scope to LandlordOwner, the amount of Gross Receipts during the preceding calendar year. At LandlordOwner’s option, the written statement shall be duly certified to Tenant and Landlord Owner by independent certified public accounts accountants of recognized standing. The accounting statement referred to in this Section 6.02 shall be in such form and style and contain such details and breakdown as the Landlord Owner may reasonably require. If Tenant fails to timely submit to Landlord Owner either the monthly or annual written statement described in this Section 6.02, Tenant shall pay to LandlordOwner, as additional rent and without limiting any other remedy Landlord Owner may have against Tenant under this lease Lease as a result of for this breach, a $100.00 (increased on January 1 of each year of the Term according to increases in the Index) charge for each and every month that the Tenant fails to timely submit such written statement. Alternatively, Landlord Owner shall have the right, upon five (5) days days’ written notice, to audit Tenant’s records at Tenant’s expense.