Common use of Sales Reports and Records Clause in Contracts

Sales Reports and Records. 5.1 Within ten (10) days after the expiration of each calendar month of each year, the Tenant shall prepare and deliver to Landlord, at the place where rent is payable, a statement of gross sales made during such calendar month (or partial calendar month). 5.2 Within sixty (60) days after the expiration of each Lease year and within sixty (60) days after the termination of this Lease, if this Lease should not terminate at the end of a Lease year, Tenant shall prepare and deliver to Landlord, at the place where the rent is then payable, a consolidated statement of all reports (as prepared in Section 5.1 above) of gross sales made during such Lease year (or partial Lease year) preceding the due date of such statement, certified to be correct by an independent certified public accountant, together with percentage rent payment due if any. 5.3 Tenant shall keep in the demised premises a permanent accurate set of books and record of all sales of merchandise and revenues derived from business conducted in the demised premises or at such other location as theretofore specified by written notice. 5.4 In the event Landlord is dissatisfied with the statement of gross sales as submitted by Xxxxxx, Landlord shall have the right to have a certified public accountant make a special audit of all books and records, wherever located, pertaining to sales made in or from the demised premises. If such statements are found to be incorrect to an extent of more than three (3%) percent over the figures submitted by Xxxxxx, Tenant shall pay for such special audit; otherwise, the cost of such audit shall be paid by Landlord. Tenant shall promptly pay to Landlord any deficiency as the case may be, which is established by such audit.

Sales Reports and Records. 5.1 Within ten (10) days after the expiration of each calendar month of each year, the Tenant shall prepare and deliver to Landlord, at the place where rent is payable, a statement of gross sales made during such calendar month (or partial calendar month). 5.2 Within sixty (60) days after the expiration of each Lease year and within sixty (60) days after the termination of this Lease, if this Lease should not terminate at the end of a Lease year, Tenant shall prepare and deliver to Landlord, at the place where the rent is then payable, a consolidated statement of all reports (as prepared in Section 5.1 above) of gross sales made during such Lease year (or partial Lease year) preceding the due date of such statement, certified to be correct by an independent certified public accountant, together with percentage rent payment due if any. 5.3 Tenant shall keep in the demised premises a permanent accurate set of books and record of all sales of merchandise and revenues derived from business conducted in the demised premises or at such other location as theretofore specified by written notice. 5.4 In the event Landlord is dissatisfied with the statement of gross sales as submitted by XxxxxxTenant, Landlord shall have the right to have a certified public accountant make a special audit of all books and records, wherever located, pertaining to sales made in or from the demised premises. If such statements are found to be incorrect to an extent of more than three (3%) percent over the figures submitted by XxxxxxTenant, Tenant shall pay for such special audit; otherwise, the cost of such audit shall be paid by Landlord. Tenant shall promptly pay to Landlord any deficiency as the case may be, which is established by such audit.