Common use of MONITORING AND REPORTING REQUIREMENTS Clause in Contracts

MONITORING AND REPORTING REQUIREMENTS. No later than fifteen (15) days after the end of each calendar month during the Term, when requested, Tenant will submit to Airport, in Airport’s online system or on Airport’s monthly ACDBE Utilization Report form, a report of Tenant’s total Gross Receipts during the month and the total dollar value of Gross Receipts earned by an ACDBE under this Lease and the total dollar value of goods and services purchased or leased from each ACDBE during the month, in each case calculated in accordance with the requirements of 49 CFR Part 23. Whenever a Joint Venture is used to meet ACDBE goals, Tenant shall submit to Airport an annual financial statement for the preceding year indicating compensation, profit sharing, capital contributions of ACDBE partners, or any other financial information as requested by Airport relevant to determining ACDBE compliance. Tenant shall also report annually the ACDBE partner’s management involvement and its role in decision making. The annual financial statement, and all other information requested pursuant to this paragraph, shall be on a form satisfactory to Airport and delivered to Airport no later than sixty (60) days following the close of the federal fiscal year ending on September 30th. Xxxxxx further agrees to submit any other report(s) or information that County is required by law or regulation to obtain from Tenant, or which the Airport’s ACDBE Liaison Officer or designee may request relating to Tenant’s operations. In addition, Tenant shall provide all information and reports required by the Airport and shall permit access to its books, records, accounts, other sources of information and its facilities as may be determined by the Airport to be pertinent to ascertain compliance with the regulations or directives. Tenant shall timely submit reports and verifications requested by the County and shall provide such financial information or other information deemed necessary by it to support and document the ACDBE participation for this Lease. County shall have the right until six (6) years after the expiration or termination of this Lease, through its representatives, and at all reasonable times, to review books, records, and financial information of the Tenant (and where applicable, all individuals, Joint Venture partners or team members or other business entities that are a party or engaged in concession activity under this Lease) requested by representatives of the County to substantiate compliance with 49 CFR Parts 23 and 26 as amended, and any guidance issued by FAA regarding the interpretation of the federal regulations.

MONITORING AND REPORTING REQUIREMENTS. No later than fifteen (15) days after the end of each calendar month during the Term, when requested, Tenant will submit to Airport, in Airport’s online system or on Airport’s monthly ACDBE Utilization Report form, a report of Tenant’s total Gross Receipts during the month and the total dollar value of Gross Receipts earned by an ACDBE under this Lease and the total dollar value of goods and services purchased or leased from each ACDBE during the month, in each case calculated in accordance with the requirements of 49 CFR Part 23. Whenever a Joint Venture is used to meet ACDBE goals, Tenant shall submit to Airport an annual financial statement for the preceding year indicating compensation, profit sharing, capital contributions of ACDBE partners, or any other financial information as requested by Airport relevant to determining ACDBE compliance. Tenant shall also report annually the ACDBE partner’s management involvement and its role in decision making. The annual financial statement, and all other information requested pursuant to this paragraph, shall be on a form satisfactory to Airport and delivered to Airport no later than sixty (60) days following the close of the federal fiscal year ending on September 30th. Xxxxxx further agrees to submit any other report(s) or information that County is required by law or regulation to obtain from Tenant, or which the Airport’s ACDBE Liaison Officer or designee may request relating to Tenant’s operations. In addition, Tenant shall provide all information and reports required by the Airport and shall permit access to its books, records, accounts, other sources of information and its facilities as may be determined by the Airport to be pertinent to ascertain compliance with the regulations or directives. Tenant shall timely submit reports and verifications requested by the County and shall provide such financial information or other information deemed necessary by it to support and document the ACDBE participation for this Lease. County shall have the right until six (6) years after the expiration or termination of this Lease, through its representatives, and at all reasonable times, to review books, records, and financial information of the Tenant (and where applicable, all individuals, Joint Venture partners or team members or other business entities that are a party or engaged in concession activity under this Lease) requested by representatives of the County to substantiate compliance with 49 CFR Parts 23 and 26 as amended, and any guidance issued by FAA regarding the interpretation of the federal regulations.. DocuSign Envelope ID: C3FE23DB-91BD-434E-8B72-DA0A11B2473D