Laserfiche WebLink
(2) Any sums paid to third parties for the use or rental of pay telephones, stamp <br />machines, music machines, amusement machines, and other vending machines. <br />(3) Sums received from casual sales of trade fixtures, equipment, or other personal <br />property on the Premises provided that such property is not inventory or stock in trade, and such sales <br />are permitted under this Lease. <br />(4) Amounts received in written settlement of claims made for loss of or damage to <br />merchandise on the Premises. <br />(5) Sales and use taxes and other similar taxes now or in the future imposed on the sale of <br />merchandise or services, but only if such taxes are added to the selling price, separately stated, and <br />collected from customers or purchasers. <br />On or before the lOth day of each calendar month during the Lease Term and any extensions <br />or renewals of the Term, Lessee shall furnish to Lessor a statement of Gross Sales for the preceding <br />calendar month. Each statement shall be signed and certified by Lessee or its authorized representative <br />to be correct (and if Lessee is a corporation, the statement shall be signed and certified to be correct by <br />an officer of Lessee). If Lessee fails to furnish Lessor with the statement as set forth in this section and <br />such report is not furnished to Lessor within 10 days following Lessor's written notice to Lessee of such <br />failure, then the Gross Sales for such Lease Year shall be deemed equal to the highest previously <br />reported Gross Sales and Lessee shall pay to Lessor, as liquidated damages, the additional sum of $100 <br />per month until such report is furnished. In the event Lessee is delinquent in furnishing Lessor with the <br />report for two consecutive Lease Years, Lessor shall have the right to conduct an audit of the books and <br />records of Lessee, its permitted sublessees, licensees, or concessionaires with the cost, together with any <br />charges resulting from the audit, to be the obligation of Lessee and payable on demand. <br />Lessee shall keep full and accurate books of account, records, cash receipts, and other <br />pertinent data showing its Gross Sales. Lessee, its pernutted sublessees, licensees, or concessionaires shall <br />~ install and maintain accurate receipt-printing cash registers and shall record on the cash registers every <br />sale and other trarisaction made from the Premises; or, if Lessee, ifs pernutted sublessees, licensees, or <br />concessionaires does not have and does not wish to install receipt-printing cash registers, Lessee, its <br />pernutted sublessees, licensees, or concessionaires shall use serialized sales slips and shall record every <br />sale and other transaction made from the Premises on such sales slips. Such receipts or sales slips shall <br />be kept and maintained as provided in this section. Lessee shall also furnish to Lessor copies of sales <br />and use tvc returns at the time each is filed with the State of Oregon. <br />The books of account, records, cash receipts, sales slips, and other pertinent data shall be kept <br />for a period of two years from the end of each calendar year during the Lease Term. The receipt by <br />Lessor of any statement, or any payment of the Percentage Rent for any period, shall not bind Lessor as <br />to the correctness of the statement or the payment. Lessor shall be entitled, during the Term and for two <br />yeazs after the end of the Term, to inspect and examine all books of accounts, records, cash receipts, <br />sales slips, and other pertinent data of Lessee, its permitted sublessees, licensees, or concessionaires for <br />the purpose of ascertaining and verifying Gross Sales. Lessee, its permitted sublessees, licensees, or <br />concessionaires shall cooperate fully with Lessor in making such inspection. Lessor shall also be <br />entitled, no more frequently than once every calendar year dunng the Term and once after the end of <br />the Term, to an independent audit of books of accounts, records, cash receipts, sales slips, and other <br />pertinent data of Lessee, its pernutted sublessees, licensees, or concessionaires to determine Gross Sales, <br />such audit to be conducted by a certified public accountant designated by Lessor. If such an audit <br />shows that there is a deficiency in the payment of any Percentage Rent, the deficiency shall become <br />immediately due and payable. The cost of the audit shall be paid by Lessor unless the audit shows that <br />Lessee has understated Gross Sales by more than 2%, in which case Lessee shall pay all costs of the <br />audit. In the event that Lessee, its permitted sublessees, licensees, or concessionaires has failed to keep <br />proper books of account, receipts, and records sufficient to enable the auditor to determine the <br />Percentage Rent with reasonable accuracy, the auditor shall nonetheless determine the Percentage Rent <br />with as much accuracy as circumstances permit. In the event such audit determines that Lessee has <br />Ground Lease Courthouse Square <br />Page - 4 <br />