Common use of Right to Examine Books Clause in Contracts

Right to Examine Books. The receipt or use by the CITY of any statement of Gross Revenue from the LESSEE or any payment of Percentage Rent based thereon, shall neither constitute acceptance of such statement or of the Percentage Rent payable with respect to any period, nor constitute a waiver by the CITY of any obligation by the LESSEE hereunder and shall be without prejudice to the CITY's right to an examination of the LESSEE's books and records relating to the Gross Revenue and inventories of merchandise and goods at the Leased Premises, for the period covered by any statement issued by the LESSEE as above set forth. The CITY and CITY's authorized representatives shall have the right to examine the LESSEE's records and procedures aforesaid during regular business hours and shall have the right to enter the Leased Premises, through its agents, accountants, auditors and officers, to check, verify and tabulate Gross Revenue, or to examine accounting records and procedures including control features affecting the determination of Gross Revenue.