Common use of Estoppel Certificates; Financial Statements Clause in Contracts

Estoppel Certificates; Financial Statements. 20.01 Tenant will execute and deliver to Landlord, within 10 days after written request from Landlord, a commercially reasonable estoppel certificate to those parties as are reasonably requested by Landlord (including a Mortgagee or prospective purchaser). Without limitation, such estoppel certificate may include a certification as to the status of this Lease, the existence of any default and the amount of rent that is due and payable. Any such estoppel certificate may be relied upon by Landlord and by any actual or prospective buyer or lender of the Property and any other third party designated by Landlord. If Tenant fails to execute and deliver such estoppel certificate within such 10 day period, such estoppel certificate shall be binding on Tenant as prepared.

Appears in 4 contracts

Samples: Industrial Lease Agreement, Industrial Lease Agreement (Technest Holdings Inc), Office Lease Agreement (Geeknet, Inc)

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Estoppel Certificates; Financial Statements. 20.01 Tenant will execute and deliver to Landlord, within 10 days after written request from Landlord, a commercially reasonable estoppel certificate to those parties as are reasonably requested by Landlord (including a Mortgagee or prospective purchaser). Without limitation, such estoppel certificate may include a certification as to the status of this Lease, the existence of any default and the amount of rent that is due and payable. Any such The estoppel certificate may be relied upon by Landlord and by any actual or prospective buyer or lender will serve as confirmation of the Property terms of the Lease by, Landlord, prospective buyers and lenders, and any other third party parties designated by Landlord. If Tenant fails to execute and deliver such estoppel certificate within such 10 the ten (10) day period, such the estoppel certificate shall be deemed to be binding on Tenant as preparedupon the Tenant.

Appears in 1 contract

Samples: Industrial Lease Agreement (CLS Holdings USA, Inc.)

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Estoppel Certificates; Financial Statements. 20.01 Tenant will execute and deliver to Landlord, within 10 business days after written request from Landlord, a commercially reasonable estoppel certificate to those parties as are reasonably requested by Landlord (including a Mortgagee or prospective purchaser). Without limitation, such estoppel certificate may include a certification as to the status of this Lease, the existence of any default and the amount of rent that is due and payable. Any such estoppel certificate may be relied upon by Landlord and by any actual or prospective buyer or lender of the Property and any other third party designated by Landlord. If Tenant fails to execute and deliver such estoppel certificate within such 10 day period, such estoppel certificate shall be binding on Tenant as prepared.

Appears in 1 contract

Samples: Industrial Lease Agreement (Luminex Corp)

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