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4.1.4 "Permitted Debt" shall mean those general obligation bonds, revenue <br /> bonds and notes or other obligations issued in anticipation of the issuance of such bonds, issued <br /> by Lessee to finance the Regional Center, pursuant to the Financing Plan included in the <br /> Interlocal Agreement for Financing, and any other debt or obligation of Lessee to which <br /> Lessor has provided its written consent that expressly states that such debt or obligation shall be <br /> deemed Permitted Debt under this Lease. <br /> Section 4.2 Reporting and Reconciliation. Lessee shall furnish to Lessor the <br /> following reports and statements: <br /> 4.2.1 Within sixty (60) days of the end of each Lease Year, Lessee shall <br /> furnish to Lessor financial statements representing all revenues, expenditures, debt payments, <br /> and the resulting Cash Flow for the preceding year, as well as all assets, liabilities, and equity <br /> balances as of the year end. <br /> 4.2.2 Within sixty(60) days of the end of each Lease Year, Lessee shall <br /> furnish to Lessor an itemized breakdown of operating, maintenance, and capital expenditures for <br /> the Regional Center during the preceding Lease Year. <br /> 4.2.3 Within ten(10) days of receipt, the Lessee shall provide to Lessor a <br /> copy of each Audit Report issued by the Washington State Auditor's Office as well as any <br /> findings or management letters issued as a result of the audits. The Lessee shall also provide a <br /> statement explaining the Lessee's remedy for any findings or management letters. <br /> 4.2.4 Within ten (10) days of the end of each month, Lessee shall provide to <br /> Lessor financial reports reflecting the revenues, expenditures, debt payments, and resulting Cash <br /> Flows for the previous month. <br /> 4.2.5 Within sixty (60) days of the end of each Lease Year, Lessee shall <br /> furnish all state and local tax returns and employment reports including, without limitation, <br /> copies of returns for business and occupation taxes, excise taxes, sales and use taxes, and reports <br /> of wages and hours, workmen's compensation and employment security (unemployment <br /> compensation). <br /> 4.2.6 Lessor's acceptance of Rent shall not operate as a waiver by Lessor of <br /> any rights and recourse against Lessee for any additional Rent due to Lessor as a result of errors <br /> in computation of the Rent due to Lessor or as a result of unpaid arrearages in Rent. <br /> Section 4.3 Books,Records and Audits.. Lessee shall keep full, complete and proper <br /> books, records and accounts, in accordance with generally accepted accounting principles, <br /> consistently applied with respect to the following: <br /> 4.3.1 Books and Records. Monthly Gross Income, tendered to the Regional <br /> Center in cash or on credit, monthly Operating Expenses and Impositions, all sales and <br /> expenditures, all cash register summary tapes, invoices, and receipts, all transactions including, <br /> 5 <br /> GROUND LEASE COE--EPFD <br />