Landlord’s Reporting Obligation Sample Clauses

Landlord’s Reporting Obligation. Landlord shall provide certain construction cost information that Tenant has represented that it is required to disclose in order to comply with its accounting reporting obligations as a public company as set forth in Tenant’s “2015‑Q1‑8 Tech Memorandum” dated April 14, 2015, as may be reasonably updated and supplemented by Tenant from time to time (but not more often than once per year) by Tenant’s delivery of such updates and supplements to Landlord. Subject to the following limitations, Landlord shall provide the information: (a) Landlord will provide quarterly reporting of the costs incurred to the date of each report with respect to the Base Building Work. Quarterly reports will be delivered no later than five (5) business days after the close of each calendar quarter commencing as of the quarter ending on September 30, 2017 and ending as of the end of the quarter during which Landlord has both completed all Punch List Items and concluded its final accounting for the Base Building Work. Landlord’s quarterly reports will be delivered on the form attached as Attachment 6 to this Exhibit D, and in no event shall additional detail be required from Landlord. (b) Landlord’s financial reporting shall include only the “Landlord’s Costs” described in the attached Attachment 7 to this Exhibit D. (c) Landlord will use commercially reasonable efforts to provide accurate financial information, but shall not make any representation or warranty regarding the accuracy or completeness of any report, and shall not be liable for any errors contained in such information. Tenant shall have no right to audit Landlord’s financial records. (d) Landlord acknowledges that the information to be provided pursuant to this Section will be disclosed to Tenant’s accountants and used in connection with mandatory reporting to the Securities and Exchange Commission. Other than the foregoing disclosures, Tenant agrees to keep all information provided by Landlord strictly confidential. Tenant shall be permitted to disclose on its financial statements the fact that these costs are associated with the construction of a new facility in Palo Alto, California, but in no event shall Tenant disclose on its financial statements the fact that the costs are associated with construction of a facility in the Stanford Research Park or for a construction project built by Landlord, “Stanford University” or “Stanford Real Estate.” The provisions of Sections 31.11 and 31.18 of the Lease are incorporated ...