Common use of Estoppel Agreement Clause in Contracts

Estoppel Agreement. Landlord and Tenant each shall, from time to time, upon at least fifteen (15) business days’ prior notice by the other, execute, acknowledge and deliver to a prospective purchaser or mortgagee, a statement executed by both Landlord and Tenant certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications), stating the dates to which the Fixed Rent and Additional Rent have been paid, and stating whether or not there exists any defaults by Landlord or Tenant under this Lease, and, if so, specifying each such default.

Estoppel Agreement. Landlord and Tenant each shall, from time to time, upon at least fifteen ten ------------------ (1510) business days’ days prior notice by the otherLandlord, execute, acknowledge and deliver to a prospective purchaser or mortgagee, a statement executed by both Landlord and Tenant certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications), stating the dates to which the Fixed Rent and Additional Rent have been paid, and stating whether or not there exists any defaults by Landlord or Tenant under this Lease, and, if so, specifying each such default.