Events Report Clause Samples
The Events Report clause requires one party to provide regular or prompt reports about specific events or incidents relevant to the agreement. Typically, this involves notifying the other party of occurrences such as accidents, breaches, or other significant developments that could impact the contract. By mandating timely and structured communication, this clause ensures transparency and allows both parties to respond appropriately to unforeseen events, thereby minimizing misunderstandings and managing potential risks.
Events Report. Within 60 days after the end of each Operating Year upon request by ▇▇▇▇▇, Licensee shall submit to Parks an income and expense statement in a form satisfactory to Parks, signed and verified by an officer of each intermediary/producer which receives income from arranging or producing events at the Licensed Premises, setting forth the income and expenses of each such intermediary from its activities at the Licensed Premises.