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011-257
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Section 3`,, Records. Travelodge shall keeplpermanent ac -a t <br />#} <br />r ! b ,y <br />curate, records of" all. gross, receipts �vh�,cl�` shall Vie• opens to arispgettipn <br />Y <br />by Lesser and its agents during ordinary businosa houta.' Travelodgs" -r <br />wild. °proserve all such recga da for att least two yearq after the¢ expiration <br />4' <br />of 'each lease year.' <br />w Section ;4,1 Annual Reports, Within sixty days after the end~ <br />of each lease yeap Travelodge shall,furnish Lesser with a statementtof <br />gross receiptsg fV91A the premises, Fayment. of they percentage rent,I if <br />any bedue, shall accompany the .report. t t <br />4 Section 5. 'Special Audit of Annual Reports,. 2For a period <br />i K 3 <br />of' 'one yeah aft er° thq submisai,orj of the annual report,', Lessor' may make <br />1 <br />a'special audit,of Travelodge's books afd records in respect to its <br />1 <br />e <br />busiir1e$s operations on, the'premi,5ea. If anL audit discloses a deficiency <br />in' percentage rent for any lease yeah', the amount thereof t sham. be paid <br />to Lessortat the time of the paymtent °of the newt month's fined rent <br />r <br />' <br />If an audie shows the percentage rent to have been overpaid, the amount <br />thereof'shall be refunded to Travelodge on demand, If an audit dis- <br />closes a deficiency of more than five percent, Travelodge,shall pay for, <br />a <br />the special audit-` Otherwise the audit shall be at Lessor's expense. <br />a <br />The auditor Shall be chosen by Lessor. t r <br />k <br />s <br />' y ARTICLE V <br />x USE �' REPAIRS AND ALTERATIONS <br />Section 1. Business Use. The premises shall,be used only for <br />a motel or motor hotel under the name Travelodg$,! *and° operations re- <br />lated thereto. Travelodge agrees to operate its business on,the premises <br />continuously? during,the� lease tord unless prevented from so doing by <br />causes beyond its control, and to conduct its business, as a high g'rA" <br />4 Y 1 <br />{ <br />and reputable concern, according to la4.1 If -; e; *Olodp' should Oem that', <br />a different use of the premiss is desirable, Lessor will' give ca�roful a ' <br />consideration to Travelode''s° proposals and wilX not tinreasoiably, <br />° M <br />hold approval thereof. <br />Section Z, Repairs. Travelodgo. shall keep kke prepi seq- in, <br />good order and repaip, in a clean sanitary pfd, cb�d ;t 6p'll an4 ' <br />° <br />F t <br />w <br />• <br />4 t <br />. <br />
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