Audit of Transfer Premium. Tenant shall allow Landlord to review and audit Tenant's books and records for the purpose of verifying Tenant's calculation of the Transfer Premium.
Audit of Transfer Premium. Tenant shall allow Landlord to review and audit Tenant’s books and records for the purpose of verifying Tenant’s calculation of the Transfer Premium. At landlord’s option, On Landlord’s request, Tenant shall furnish a complete statement, certified by an independent certified public accountant or Tenant’s chief financial officer, describing in detail the computation of any Transfer Premium that Tenant has derived or will derive from the Transfer. If an independent certified public accountant selected by Landlord and Xxxxxx finds that the Transfer Premium for any Transfer has been understated by more than ten percent (10%), Tenant shall, within thirty (30) days after demand, pay the deficiency and Landlord’s reasonable costs of that audit. Subtenant Rent Landlord shall not be entitled to receive from any person any rent for any portion of the Premises which exceeds the rent charged by Landlord for the same or similar area of the Premises, the purpose hereof is that Tenant shall not receive rent for any portion of the Premises which exceeds the rent Landlord charges tenant for the Premises. Tenant shall instead turn over any such rent to Landlord as additional rent.
Audit of Transfer Premium. On Landlord's written request, if Landlord has a reasonable basis to believe that Tenant is withholding Transfer Premium, Tenant shall furnish a complete statement, certified by an independent certified public accountant or Tenant's chief financial officer, describing in detail the computation of any Transfer Premium that Tenant has derived or will derive from the Transfer. If Landlord's independent certified public accountant finds that the Transfer Premium for any Transfer has been understated, Tenant shall, within thirty (30) days after demand, pay the deficiency and Landlord's costs of that audit. If Tenant has understated the Transfer Premium by more than ten percent (10%), Landlord may, at its option, declare Tenant in material and incurable default under section 22.1 notwithstanding any cure period specified in section 22.1.
Audit of Transfer Premium. On Landlord's request, Tenant shall furnish a complete statement, certified by an independent certified public accountant or Tenant's chief financial officer, describing in detail the computation of any Transfer Premium that Tenant has derived or will derive from the Transfer. If Landlord's independent certified public accountant finds that the Transfer Premium for any Transfer has been understated, Tenant shall, within thirty (30) days after demand, pay the deficiency, the Late Charge and interest and Landlord's costs of that audit.
