Common use of Delivery of Annual Statement Clause in Contracts

Delivery of Annual Statement. If Tenant fails to deliver an Annual Statement to Landlord within such 90-day period, Landlord shall have the right to employ an independent certified public accountant to examine such of Tenant’s books and records as may be necessary to certify the amount of Tenant’s Gross Revenues for such Computation Year, and Tenant shall pay to Landlord the cost thereof upon demand as Additional Rent. The acceptance by Landlord of payments of Percentage Rent or reports of Gross Revenues shall be without prejudice and shall in no event constitute a waiver of Landlord’s right to claim a deficiency or to audit Tenant’s books and records as provided herein.

Appears in 6 contracts

Samples: Lease (MSGE Spinco, Inc.), Lease (MSG Entertainment Spinco, Inc.), Lease (MSG Entertainment Spinco, Inc.)

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