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2011-080 RES APPROVING GROUNDS SUBLEASE AGREEMENT BETWEEN RED RIVER VALLEY FAIR ASS'N AND PARIS RODEO AND HORSE CLUB
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2011-080 RES APPROVING GROUNDS SUBLEASE AGREEMENT BETWEEN RED RIVER VALLEY FAIR ASS'N AND PARIS RODEO AND HORSE CLUB
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8/21/2012 11:09:44 AM
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10/19/2011 10:25:12 AM
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I. The amounts received from the sale of inerchandise or <br />services sold or performed, in, on, or from the subleased premises. <br />ii. Proceeds from rentals of the premises. <br />iii. The amounts received for ticket sales for any activity on <br />the premises. <br />iv. Amounts received for Sublessee's annual rodeo. <br />v. The amounts received from any other source. <br />vi. The terms "sums of money" shall include services rendered <br />or value received by Sublessee from others in lieu of money <br />received for use of the premises. This does not include donated <br />services for charitable purposes. <br />Statement of Gross Receipts <br />#2.03. On or before the 15th day following the end of each <br />quarter of each year of this Sublease, Sublessee must furnish <br />Sublessor with a true and accurate statement, signed by Sublessee <br />or by an authorized representative of Sublessee, showing its gross <br />receipts for each month during the term of this sublease and any <br />extension of this sublease. For the purposes of this paragraph, <br />"Each quarter" means April 15th, July 15th, October 15th and <br />January 15th of each year, beginning May 15th, 2011. <br />Sublessee agrees to provide its statement of gross receipts to <br />Sublessor by sending a copy to Sublessor's mailing address, located <br />at 570 East Center Street, Paris, Texas 75460, or such other <br />location or locations as Sublessor shall from time to time <br />designate by written notice to Sublessee. <br />Books and Records of Sublessee <br /># 2.04. Sublessor and authorized representatives of Sublessor <br />shall have the right to examine the statements, and their <br />supporting documents, described in the preceding paragraph at the <br />leased premises during Sublessee's regular business hours. If, on <br />examination of the books or records of Sublessee, a material error <br />shall be revealed in favor of the Sublessor that results in <br />additional gross receipts, then the reasonable costs of the <br />examination must be paid by Sublessee to Sublessor. Otherwise, <br />Sublessor will bear the costs of the examination. Sublessor's <br />6 <br />
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