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payment request shall state in writing the reasons for disapproval and shall be provided to TAC <br />within fifteen (15) days after City has received information necessary to make the determination <br />that the payment request cannot be approved. City agrees to expeditiously process TAC's requests <br />for payment of City Consideration. TAC expressly understands that nothing contained in this <br />Agreement shall obligate or otherwise commit City to pay the City Consideration for a Quarter <br />unless and until City receives reasonably satisfactory verification that City has received the Sales <br />Tax attributable to sales from the Required Operations in the City for that Quarter. <br />3.1.2.3 In the event that the State Board of Equalization conducts a <br />review or audit of TAC's Required Operations or Sales Tax payments during the Operating Period <br />that results in an actual and final loss or reduction of monies that City has already paid to TAC as <br />City Consideration for one or more Quarters, or in the event that TAC amends any sales tax returns <br />that causes a reduction in the Sales Tax due to the City for one or more Quarters, TAC shall, within <br />thirty (30) days of its receipt of written notice by the City, return that portion of the City <br />Consideration attributable to the monies that were lost or reduced. In the event that the State Board <br />of Equalization conducts a review or audit of TAC's Required Operations or Sales Tax payments <br />during the Operating Period that results in an increase of Sales Tax that TAC must pay for one or <br />more Quarters, or in the event that TAC amends any sales tax returns that causes an increase in <br />the Sales Tax due for one of more Quarters, TAC shall inform the City and the City shall <br />commensurately increase the City Consideration paid by TAC. The provisions of this paragraph <br />shall survive the termination of this Agreement. <br />3.1.2.4 The parties acknowledge that certain payments of Sales Tax <br />received by City may be based on estimates and that such amounts will be periodically reduced or <br />increased by the State Board of Equalization to reflect the actual amount of Sales Tax owed to <br />City. The City Consideration payments shall be adjusted accordingly as necessary to conform to <br />such reconciliations. The adjustment shall be made within sixty (60) days through a payment by <br />TAC to City in the case of an overpayment to TAC, or a payment by City to TAC in the case of <br />an underpayment to TAC. Within thirty (30) days of a written request by TAC, the City shall <br />provide TAC with documentation to substantiate the adjustment of the City Consideration <br />payment(s). <br />3.1.2.5 Within ninety (90) days following the end of each Contract <br />Year, the City may conduct an accounting of all of TAC's Sales Tax Reports and Sales Tax <br />payments during the immediately preceding Contract Year, and the amount of the City <br />Consideration payments made to TAC for each Quarter during that immediately preceding <br />calendar year. However, the City may conduct such an accounting at any time by giving thirty (30) <br />days written notice in the event that facts or circumstances arise (such as change in operations, <br />change of ownership or business entity status) that can impact the method or amount of TAC's <br />Sales Tax Reporting or Payments. The City shall provide TAC a copy of that accounting and <br />reconciliation upon its completion. In the event that the accounting and reconciliation identifies a <br />disparity between the Required Operations, TAC's Sales Tax payments, or City Consideration <br />during that immediately preceding calendar year, appropriate adjustments shall be made within <br />sixty (60) days by a payment from TAC to City in the case of an overpayment to TAC, or a payment <br />from City to TAC in the case of an underpayment to TAC. <br />61 <br />