Common use of Estoppel Statement Clause in Contracts

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen (15) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 3 contracts

Samples: Senior Mezzanine Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Brixmor Property Group Inc.)

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Estoppel Statement. (a) After written request by Lender, Borrower shall within fifteen ten (1510) days Business Days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, Borrower and (vi) that the Note, this Agreement, the Mortgages Pledge Agreement and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; providedprovided that, howeverso long as no Event of Default has occurred and is continuing, Borrower shall not be required to provide such statement more often than two (2) times in any calendar yearFiscal Year.

Appears in 2 contracts

Samples: Mezzanine a Loan Agreement (BRE Select Hotels Corp), Mezzanine B Loan Agreement (BRE Select Hotels Corp)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, with respect to the Loan setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Pledge Agreement and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, that so long as no Event of Default has occurred and is continuing, Borrower shall not be required to provide such statement more often than two one (21) times time in any calendar year.

Appears in 2 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)

Estoppel Statement. (a) After request by LenderAdministrative Agent, Borrower shall within fifteen (15) days furnish Lender Administrative Agent with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 2 contracts

Samples: Loan Agreement (Excel Trust, L.P.), Loan Agreement (Excel Trust, L.P.)

Estoppel Statement. (a) After request by Lender, each Individual Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by such Individual Borrower, and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 2 contracts

Samples: Loan Agreement (Inland Diversified Real Estate Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

Estoppel Statement. (a) After written request by Lender, Borrower shall within fifteen (15) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Applicable Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any then known offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Security Instruments and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 2 contracts

Samples: Loan Agreement (Wyndham International Inc), Management Agreement (Wyndham International Inc)

Estoppel Statement. (a) After written request by Lender, Borrower shall within fifteen ten (1510) days Business Days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, Borrower and (vi) that the Note, this Agreement, the Mortgages Security Instruments and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; providedprovided that, howeverso long as no Event of Default has occurred and is continuing, Borrower shall not be required to provide such statement more often than two (2) times in any calendar yearFiscal Year.

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate applicable interest rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Pledge Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen (15) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Pledge Agreement and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Brixmor Property Group Inc.)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Applicable Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen (15) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Applicable Interest Rate of the LoanRate, (iv) the date installments of interest and/or principal the Debt Service Payment Amount were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (American Financial Realty Trust)

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Estoppel Statement. (a) After request by Lender, each of Borrower and Maryland Owner shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the amount of the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate applicable interest rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Estoppel Statement. (a) After written request by Lender, Borrower shall within fifteen ten (1510) days Business Days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, that so long as no Event of Default has occurred and is continuing, Borrower shall not be required to provide such statement more often than two one (21) times time in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen (15) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate of the Loan, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (Brixmor Property Group Inc.)

Estoppel Statement. (a) After request by Lender, Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, known to and claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified modified, or if any of them has been modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year.

Appears in 1 contract

Samples: Loan Agreement (Moody National REIT I, Inc.)

Estoppel Statement. (a) After request by Borrower shall deliver to Lender, Borrower shall within fifteen five (155) days furnish Lender with Business Days after Lender’s request (but no more frequently than twice in any twelve (12) month period), a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the Interest Rate interest rate of the Loan, (iv) the date installments of principal and/or interest and/or principal were last paid, (v) any offsets or defenses to the payment and performance of the DebtObligations, if any, claimed by Borrower, and (vi) that the Note, this Agreement, the Mortgages Agreement and the other Loan Documents are valid, legal and binding obligations of Borrower and have not been modified or (or, if modified, giving particulars of such modification; provided, however, Borrower shall not be required to provide such statement more often than two (2) times in any calendar year).

Appears in 1 contract

Samples: Loan Agreement (Morgans Hotel Group Co.)

Estoppel Statement. (a) After request by LenderXxxxxx, Borrower shall within fifteen ten (1510) days furnish Lender with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the LoanNote, (ii) the unpaid principal amount of the LoanNote, (iii) the Interest Rate of the LoanNote, (iv) the date installments of interest and/or principal were last paid, (v) any offsets or defenses to the payment of the Debt, if any, claimed by BorrowerXxxxxxxx, Operating Lessee and (vi) that the Note, this Agreement, the Mortgages Mortgage and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification; provided, however, provided further that Borrower shall not be required to provide deliver such statement certificate more often frequently than two one (21) times time in any calendar yearyear unless an Event of Default has occurred and is continuing or in connection with a Securitization.

Appears in 1 contract

Samples: Loan Agreement (Soho House & Co Inc.)

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