Laserfiche WebLink
<br />e <br /> <br />\ <br /> <br />e <br /> <br />III. <br />RENTAL <br />The rental payable by Lessee to Lessor for and during the <br />aforesaid lease term, and as the same may be extended by Lessor, <br />shall be twenty percent (20%) of Lessee's "gross sales". <br />(a) The term "gross sales" as used herein shall mean (subject <br />to the exception and authorized deductions hereinafter set forth) <br />the gross amount received by Lessee from all sales on or from the <br />premises, both for cash and on credit, and in case of sales on <br />credit, whether or not payment be actually made to Lessee therefor. <br />(b) There is excepted from Lessee's gross sales (as said term <br />is used herein) the amount of all sales tax receipts which Lessee is <br />required to pay any government or governmental agency. <br />(c) Les~ee agrees to maintain adequate books, payrolls and <br />records satisfactory to Lessor in connection with all sales by <br />Lessee on or from the premises and to retain all such books, <br />payrolls and records pertaining to all such sales for a period of <br />not less than two (2) years after the end of the calendar year in <br />which the sale is made. Lessor and its duly a~thorized <br />representatives shall have access at all reasonable times to the <br />books, payrolls and records maintained by Lessee relating to any of <br />such sales and shall have the right to audit such books, payrolls <br />and records at any reasonable time or times. <br />(d) All rental due hereunder shall be paid by Lessee to Lessor <br />within ten (lO) days after the last day of the calendar month for <br />which such rental is due, and Lessee shall accompany the payment <br />with a statement from its records certified by Lessee and in <br />sufficient detail that Lessor can determine the correctness of the <br />payment. <br />(e) <br /> <br />The acceptance by Lessor of any money paid to it by Lessee <br />-2- <br />