GROSS SALES REPORTS. Within sixty (60) days after the end of each calendar year during the Lease Term and to the extent not prohibited by law, Tenant shall furnish to Landlord a copy of the state sales tax report showing sales made in, upon or from the Premises during the preceding calendar year.
GROSS SALES REPORTS. Within thirty (30) days after the end of each calendar quarter during the Lease Term, Tenant shall furnish to Landlord a copy of the state sales tax report showing sales made in, upon or from the Demised Premises during the preceding calendar month. Within thirty (30) days after the end of each calendar year of the term hereof, Tenant shall furnish to Landlord a statement in writing, certified to be correct, showing the total gross sales by months made in, upon or from the Demised Premises during the preceding calendar year. The term “Gross Sales” as used in this Lease shall include the entire gross receipts of every kind and nature from sales and services made in, upon or from the Demised Premises, whether upon credit or for cash, in every department operating in the Demised Premises, excepting therefrom any rebates and/or refunds to customers and the amount of all sales tax receipts which has to be accounted for by Tenant to any government, or any governmental agency. Sales upon credit shall be deemed cash sales and shall be included in the Gross Sales for the period which the merchandise is delivered or services provided to the customer.
GROSS SALES REPORTS. THIS HAS
GROSS SALES REPORTS. Tenant shall submit to Landlord within ------------------- thirty (30) days after the end of each calendar quarter a written statement certified by Tenant to be true, correct and complete, showing in reasonably accurate detail the amount of Gross Sales during the previous quarter and Lease Year to date. The Gross Sales report shall be delivered even if no percentage rent is due or anticipated.
GROSS SALES REPORTS. Tenant shall furnish to 0 Landlord a statement of gross sales for each month (including partial months) of the term of this Lease within 30 days after the close of such month and an annual statement within 30 days
GROSS SALES REPORTS. Within thirty (30) days after the end of each calendar quarter during the Lease Term, Tenant shall furnish to Landlord a copy of the state sales tax report showing sales made in, upon or from the Demised Premises during the preceding calendar month. Within thirty (30) days after the end of each calendar year of the Lease Term hereof, Tenant shall furnish to Landlord a statement in writing, certified to be correct, showing the total gross sales by months made in, upon or from the Demised Premises during the preceding calendar year. The term “Gross Sales” as used in this Lease shall include the entire gross receipts of every kind and nature from sales and services made in, upon or from the Demised Premises, whether upon credit or for cash, in every department operating in the Demised Premises, excepting there from any rebates and/or refunds to customers, royalty payments to “Penthouse”, and the amount of all sales tax receipts, cigar tax, and village of Sauget fee, which has to be accounted for by Tenant to any government, or any governmental agency. Sales upon credit shall be deemed cash sales and shall be included in the Gross Sales for the period which the merchandise is delivered or services provided to the customer.
GROSS SALES REPORTS. Franchisee shall maintain an accurate record of Gross Sales and shall deliver to Franchisor a signed and verified statement of Gross Sales (“Gross Sales Report”) for the previous bi-monthly period in a form that Franchisor approves or provides in the Manual. The Gross Sales Report for the preceding period must be provided to Franchisor by the third (3rd) day or eighteenth (18th) day of the month or as otherwise provided in Section 3.2.
GROSS SALES REPORTS. Within thirty (30) days after the end of each calendar quarter during the Lease Term, Tenant shall furnish to Landlord a copy of the state sales tax report showing sales made in, upon or from the Demised Premises during the preceding calendar month. Within thirty (30) days after the end of each calendar year of the Lease Term hereof, Tenant shall furnish to Landlord a statement in writing, certified to be correct, showing the total gross sales by months made in, upon or from the Demised Premises during the preceding calendar year. The term “Gross Sales” as used in this Lease shall include the entire gross receipts of every kind and nature from sales and services made in, upon or from the Demised Premises, whether upon credit or for cash, in every department operating in the Demised Premises, excepting therefrom any rebates and/or refunds to customers and the amount of all sales tax receipts, cigar tax, and Village of Sauget fee, which has to be accounted for by Tenant to any government, or any governmental agency. Sales upon credit shall be deemed cash sales and shall be included in the Gross Sales for the period which the merchandise is delivered or services provided to the customer. JD Tenant’s Initials THL
GROSS SALES REPORTS. 35 E. Books and Records; Inspection of Sites.................... 36 F. Payment of Taxes, Etc..................................... 37 G. Restriction on Transfer and Encumbrance................... 37 H. Organization of Debtor.................................... 38 I. Utilities................................................. 38 J.
GROSS SALES REPORTS. (i) Debxxx xxxll keep and maintain at Debtor's or Arby's principal office full and complete books of account and records of Gross Sales and business relating to each Site, which books of account and records shall to the extent applicable be maintained in accordance with generally accepted accounting principles consistently applied. The books and records of Gross Sales shall upon reasonable notice and during normal business hours be open for inspection by FFCA, its auditors or other authorized representatives (upon, at the request of Debtor, execution of a Confidentiality Agreement) and shall show Gross Sales, claimed exclusions therefrom, inventories and receipts of merchandise at each Site and daily receipts from all sales and other transactions on or from each Site. All of Gross Sales shall be recorded at the time of sale and in the presence of the customer and shall be recorded in a cash register or registers with a cumulative total. Debtor further agrees to keep at Debtor's or Arby's principal office for at least three (3) years following the end of each Loan Year all records with respect to the gross income, sales and occupancy tax returns with respect to such Loan Year and all pertinent original sales records. Pertinent original sales records shall include those records which would normally be examined by an independent accountant pursuant to accepted auditing standards in performing an audit of Gross Sales.
(ii) At its option, FFCA may at its expense, at any time upon 20 Business Days' prior notice to Debtor, cause a complete audit (including a physical inventory) to be made by an auditor selected by FFCA of the entire records and operations of Debtor relating to each Site for the period covered by any statement issued or required to be issued by Debtor; provided that, such audit may not occur more than once in any Loan Year (regardless of whether the audit is with respect to fewer than all Sites). Debtor shall make available for FFCA's auditor (upon, at the request of Debtor, execution of a Confidentiality Agreement) within 20 Business Days following FFCA's notice requiring such audit, all of the books, source documents, accounts, pertinent sales records and income, sales and occupancy tax reports of Debtor which such auditor deems reasonably necessary for the purpose of making an audit. If any statement of Gross Sales previously made by Debtor to FFCA shall be found to be more than 10% less than the amount of Gross Sales as shown by such audit, th...
