Lessee’s Records. Lessee shall prepare and keep full, complete and proper books and source documents in accordance with generally accepted accounting principles, of the Gross Revenues, whether for cash, credit or otherwise, of each separate department at any time operated in the Property. The books and source documents to be kept by Lessee shall include, without limitation, true copies of all federal, state and local tax returns and reports, records of inventories and receipts of merchandise, daily receipts from all sales and other pertinent original sales records and records of any other transactions conducted in or from the Property by Lessee. Pertinent original sales records shall include, without limitation: (i) sales reports of back office systems fed from point of sale terminals, (ii) cash register tapes, including tapes from temporary registers, if any, (iii) serially pre-numbered sales slips, (iv) the original records of all mail, internet and telephone orders at and to the Property, if any, (v) settlement report sheets of transactions with any person conducting business in the Premise, if any, (vi) original records indicating that merchandise returned by customers was purchased at the Property by such customers, (vii) memorandum receipts or other records of merchandise taken out on approval, (viii) detailed original records of any exclusions or deductions from Gross Revenues, (ix) sales tax records, and (x) such other sales records, if any, which would normally be examined by an independent accountant pursuant to accepted auditing standards in performing an audit of Lessee's sales. Lessee shall record, at the time of each sale or other transaction, in the presence of the customer, all receipts from, such sale or other transaction, whether for cash, credit or otherwise, in a cash register or cash registers having a cumulative total which shall be sealed in a manner approved by Lessor and which shall possess such other features as shall be required by Lessor. Lessee shall be required to install point of sale terminals, pollable, point of sales cash register systems or such other point of sale equipment of a make and model mutually agreed to by the Parties.
Lessee’s Records. Lessee shall keep true, full, and accurate books of account setting forth Lessee’s receipts, together with any other information that will affect the determination of Rent, Additional Rent, and additional charges. City shall be allowed after five (5) days’ prior written notice to Lessee to inspect Lessee’s books of account at Lessee’s office and to procure audits thereof by an auditor at City’s sole cost and expense (except as provided below). If in the reasonable judgment of such auditor Lessee’s books of account are incomplete or improperly reflect the information necessary for an accurate determination of the Rent, Additional Rent, or additional charges, or if the audit shall show that the reports submitted by Lessee understated Lessee’s receipts by more than three percent (3%) thereof for any year covered by the audit, the reasonable costs and fees for such audit shall be paid by Lessee to City. If an audit discloses any willful or intentional effort to understate Lessee’s receipts, then, at City’s option, Lessee may be required to surrender possession of the Premises under the provisions of Section 21 of this Lease. Lessee shall retain all books of accounting and any other information that will affect the determination of Rent, Additional Rent, and additional charges for a period of six full calendar (6) years after following the completion of each calendar year during the Term, and Lessee shall make them available for inspection at Lessee’s office within ten (10) days of City’s prior written demand therefore. Lessee’s obligations under this section shall survive expiration or termination of this Lease.
Lessee’s Records. 15. Lessee's Records. Lessee will maintain in a secure place within Maricopa County, Arizona proper and accurate books, records, ledgers, correspondence, and other papers and repositories of information, relating in any manner to this Agreement and to all of Xxxxxx's obligations hereunder.
Lessee’s Records. EMNRD, the Department of Finance and Administration, the State Treasurer, the State Auditor, and any of their duly-authorized representatives shall have access to and may examine and audit all pertinent books, documents, papers, and other records of Lessee involving this Lease during the term of this Lease and until the expiration of six years after Xxxxxx’s final day of operations. Lessee shall make such records available upon demand during usual business hours at the Premises or at the Division’s office in Santa Fe. Such records include, but are not limited to, financial, employer, and equipment records.
Lessee’s Records. Lessee shall provide Lessor access to all books and records of Xxxxxx’s that may be relevant to the determination of the amount of any rental or royalty paid, or to be paid, in accordance with the terms of the Lease. Lessee must maintain copies of all documents, records, or reports confirming the gross disposition from the Leased Premises of precise mineral and Reserved Minerals, along with any other checks or memoranda of the gross disposition and any other reports or records which Lessor may require to verify the gross disposition of all such minerals. Lessee shall save all such books and records and allow Lessor access thereto for a period of five (5) years following termination of the Lease.
Lessee’s Records. 4.4 For the purposes of ascertaining the amount payable as Percentage Rent, the LESSEE shall prepare and keep on the Leased Premises or at the LESSEE's principal office in the Province of Ontario for at least eighteen (18) months following the end of each Lease Year, adequate books and records which shall show all inventories and receipts of merchandise and goods at the Leased Premises and daily receipts from all sales, charges, services and other transactions on, at or from the Leased Premises and the VHWC made by the LESSEE and any other persons conducting business upon or from the Leased Premises as well as sales tax returns, all pertinent original sales records and such other sales records as the CITY reasonably determines which would normally be examined by an independent chartered professional accountant pursuant to accepted auditing standards in performing a detailed audit of the LESSEE's sales. The LESSEE shall cause all such records to be kept by all sub-tenants, assignees, concessionaires, franchisees, licensees or other persons doing business on or from the Leased Premises and the VHWC. The LESSEE and all other persons conducting business on or from the Leased Premises and the VHWC shall record at the time of sale, in the presence of the customer, all receipts from sale, charges, services or other transactions whether for cash or credit, in a cash register or point of sale system having a sealed cumulative total.
Lessee’s Records. Lessee shall keep full, complete, and proper books, records and accounts of Gross Annual Revenue according to generally accepted accounting principles as would be normally examined and required to be kept by an independent accountant when performing an audit of Xxxxxx’s business to verify the accuracy of Xxxxxx’s statements of Gross Annual Revenue. All such books, records, and accounts shall be kept for a period of at least seven (7) years following the end of each Lease Year. Within three (3) years after the end of any Lease Year, Lessor, its agents and employees, upon at least seven (7) business days' prior written notice, may examine and inspect all of the books and records relating to the Leased Premises, including relevant income tax returns, for the purpose of investigating and verifying the accuracy of any prior statement of Gross Annual Revenue. During the Lease Term, Lessee may mark any records provided under this section as trade secrets, proprietary information, or by such other designation as Lessee believes applicable to exempt such documents from public disclosure pursuant to the Idaho Public Records Law (Idaho Code §§ 74-101 through 74-126), and Lessor shall treat the information as confidential as set forth in Section 15.2. If the results of the audit show that Xxxxxx's statement or statements of Gross Annual Revenue for any period has been understated, then, within ten
Lessee’s Records. Lessee will keep and preserve for at least two years, at an office of the Lessee in Louisville, Kentucky, original or duplicate books and records which shall disclose all information required to determine Gross Sales, as above defined, the disposition of cash receipts and entries of credit sales, and such other information relating to or in support of the items comprising Gross Sales as may be reasonably required by Lessor. Lessor, its employees and accountants, shall have the right, during regular business hours, to inspect such books and records and to make any examination or audit thereof which Lessor may desire. If such audit shall disclose a liability for rent of three percent (3%) or more in excess of the rentals theretofore paid by Lessee for such period, Lessee shall promptly pay to Lessor the cost of such audit in addition to the deficiency in rental, which deficiency shall be payable in any event.
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Lessee’s Records. Lessee shall keep true, full, and accurate books of account setting forth Lessee’s receipts related to the cost of Tenant Improvements for which the Lessee seeks a rent offset and any other information that will affect the determination of Lessee’s TIA rent offset. City shall be allowed after five (5) days’ prior written notice to Lessee to inspect at Lessee’s office Lessee’s books of account relating to the TIA rent offset and to procure audits thereof by an auditor at City’s sole cost and expense (except as provided below). If in the reasonable judgment of such auditor Lessee’s books of account are incomplete or improperly reflect the information necessary for an accurate determination of the amount of TIA offset applied by Lessee against Rent, Lessee shall reimburse the City for any offset that is disallowed by the audit.
