Reporting and Payment of Percentage Rent. (a) Within twenty (20) days after the end of each calendar month which falls either wholly or partially within the Term, commencing with the calendar month in which the Commencement Date occurs, and continuing through the calendar month in which the Term expires, Tenant shall deliver to Landlord a written statement certifying Gross Sales during said calendar month, together with payment to Landlord of the amount, if any, by which the product of the Percentage Rent rate set forth in Section 1.11 multiplied by the Gross Sales for said calendar month exceeds the Base Rent actually paid by Tenant or by an authorized financial officer or partner of Tenant, as appropriate.
