Tenant Reporting Clause Samples
The Tenant Reporting clause requires the tenant to provide specific information or regular updates to the landlord regarding matters related to the leased property. Typically, this may include financial statements, sales figures, or notices of incidents occurring on the premises, depending on the nature of the lease and the property involved. By mandating such disclosures, the clause ensures the landlord remains informed about the tenant’s operations or compliance, thereby facilitating transparency and enabling the landlord to monitor risks or enforce other lease provisions effectively.
Tenant Reporting. As a condition of ▇▇▇▇▇▇▇▇’s support for its academic program, ▇▇▇▇▇▇ agrees to perform the following reporting and related obligations
Tenant Reporting. The tenant is required to provide timely and accurate information to the owner to determine tenant eligibility at move-in and at annual recertification. A failure to provide such certification, verifications, and information in a timely manner, as reasonably requested by the owner, or any falsification or willful misrepresentation thereof, shall be deemed a material non-compliance with the lease.
Tenant Reporting. Tenant shall deliver to Landlord, for Landlord’s information, Tenant’s financial information (a) if and when publicly available pursuant to the reporting requirements of any jurisdiction, in the form made publicly available pursuant to such reporting requirements or (b) if not publicly available, within 150 days after the end of each fiscal year, consisting of Tenant’s balance sheet, income statement and statement of changes in cash flow, in either case prepared in accordance with GAAP, consistently applied. In the event that such financial information provided pursuant to clause (b) above has been certified by an independent certified public accountant, at the time Tenant delivers its financial information pursuant to the preceding sentence, Tenant shall also deliver to Landlord a copy of such certified financial information. If such financial information is not so certified, it shall be certified by Tenant through one of its executive officers. With respect to any information that is not publicly available, Landlord agrees to keep such financial information strictly confidential. Notwithstanding the foregoing, Landlord may use or disclose such financial information to any bank or other financial institution that is considering providing financing to Landlord, provided that (i) Landlord provides Tenant with reasonable advanced Notice of the identity of the financial institution it plans to provide with such financial information, (ii) such financial institution agrees to keep such information confidential, and (iii) in Tenant’s reasonable judgment, such financial institution is not in competition with Tenant.
Tenant Reporting. Tenant hereby covenants and agrees to deliver to Landlord the following: [(a) within ninety (90) days after the end of each fiscal year of Guarantor, if any, consolidated statements of income, retained earnings and cash flows of Guarantor for such fiscal year and the related consolidated balance sheets as at the end of such fiscal year, setting forth in each case in comparative form the corresponding consolidated figures for the preceding fiscal year, and accompanied by an opinion thereon of independent certified public accountants of recognized national standing, which opinion shall state that such consolidated financial statements fairly present the consolidated financial condition and results of operations of Guarantor as at the end of, and for, such fiscal year in accordance with generally accepted accounting principles;] (b) within ninety (90) days after the end of each fiscal year of Tenant, unaudited statements of income for such fiscal year and the related unaudited balance sheet as at the end of such fiscal year, setting forth in each case in comparative form the corresponding figures for the preceding fiscal year; (c) within twenty (20) days after the end of each calendar month, unaudited operating statements of Tenant’s revenue and expenses for the Leased Premises demonstrating operating income for the preceding calendar month, the year to date, and the previous twelve months; and [(d) within forty-five (45) days after the end of each interim quarterly fiscal period of each fiscal year of Guarantor, if any, unaudited consolidated statements of income, retained earnings and cash flows of Guarantor for such period and for the period from the beginning of the respective fiscal year to the end of such period, and the related consolidated balance sheets as at the end of such period, setting forth in each case in comparative form the corresponding consolidated figures for the corresponding periods in the preceding fiscal year (except that, in the case of balance sheets, such comparison shall be to the last day of the prior fiscal year), accompanied by a certificate of a financial officer of Guarantor, as applicable, which certificate shall state that such consolidated financial statements fairly present the consolidated financial condition and results of operations of the respective Guarantor in accordance with generally accepted accounting principles, consistently applied, as at the end of, and for, such period;] (e) within forty-five (45) days after...
Tenant Reporting. In connection with this Agreement, if applicable, Developer shall require all tenants to provide the City with access to such parties’ sales, or other appropriate tax returns for economic activities located in or generated by the Development Project, and shall provide such related information reasonably requested by the City in connection therewith, including certification of the number of employees and total payroll (not to include production of individual income tax returns).