Lender Request Sample Clauses
The Lender Request clause defines the process by which a lender can formally request information, documents, or actions from the borrower under a contract. Typically, this clause outlines the types of requests that can be made, the format or method for submitting such requests (such as in writing or via email), and the timeframe within which the borrower must respond or comply. Its core practical function is to ensure that the lender has a clear and enforceable mechanism to obtain necessary information or cooperation from the borrower, thereby facilitating transparency and ongoing compliance throughout the contractual relationship.
Lender Request. At the request of Lender, but under no circumstances more often than once a quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: (i) unaudited Financial Statements (balance sheet, income statement, operating statements and current rent roll) covering the operation of the Property for regular reporting periods other than those set forth in Section 4.7(b) above, (ii) unaudited Financial Statements (balance sheets and income statements) for Borrower and Guarantor, (iii) a current rent roll for the Property, and (iv) an operating budget for the current fiscal year and after December 15th of each calendar year an operating budget for the following fiscal year. All such statements and rent rolls shall be certified to Lender to be complete, correct, and accurate by the individual for an individual’s statements (if applicable) or by an authorized representative of the entity if the statements are for a partnership, corporation or limited liability Providence Square 23 Loan No. 00-1103028 4813-0380-2520, v. 3 company or other such entity. Notwithstanding the foregoing, during the existence of an Event of Default under the Loan Documents, Lender shall have the right to require additional reviewed financial statements, including operating statements for the Property, income statements and balance sheets for Borrower, Guarantor, the Property and all Major Tenants (if, as and when required under their respective Leases or otherwise available to Borrower at no cost or expense and is not publicly available), certified as “reviewed” by a certified public accountant approved by Lender, the cost of which shall be paid by Borrower.
Lender Request. At the request of Lender, but under no circumstances more often than once a quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: (i) unaudited Financial Statements (balance sheet, income statement, operating statements and current rent roll) covering the operation of the Property for regular reporting periods other than those set forth in Section 4.7(b) above, (ii) unaudited Financial Statements (balance sheets and income statements) for Borrower and Guarantor, (iii) a current rent roll for the Property, and (iv) an operating budget for the current fiscal year and after December 15th of each calendar year an operating budget for the following fiscal year. All such statements and rent rolls shall be certified to Lender to be complete, correct, and accurate by the individual for an individual’s statements or by an authorized representative of the entity if the statements are for a partnership, corporation or limited liability company or other such entity. ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Loan No. 00-1102522
Lender Request. At the request of Lender, but under no circumstances more often than once a quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: (i) unaudited Financial Statements (balance sheet, income statement, operating statements and current rent roll) covering the operation of the Property for periods other than those set forth in Section 4.7(b) above, (ii) unaudited Financial Statements (balance sheets and income statements) for Borrower and Guarantor. All such statements and rent rolls shall be certified to Lender to be complete, correct, and accurate in all material respects by the individual for an individual’s statements or by an authorized representative of the entity if the statements are for a partnership, corporation or limited liability company or other such entity. Notwithstanding the foregoing, during the existence of an Event of Default under the Loan Documents, Lender shall have the right to require additional audited financial statements, including operating statements for the Property, income statements and balance sheets for Borrower, Guarantor, the Property and all Major Tenants, if required under the applicable Major Tenant Leases or otherwise available to Borrower, certified by a certified public accountant approved by Lender, the cost of which shall be paid by Borrower.
Lender Request. At the request of Lender, but under no circumstances more often than once a quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: (i) unaudited Financial Statements (balance sheet, income statement, operating statements and current rent roll) covering the operation of the Property for periods other than those set forth in Section 4.7(b) above, (ii) unaudited Financial Statements (balance sheets and income statements) for Borrower, Guarantor (except that no income statement shall be required as to ▇▇▇▇▇▇▇▇ Trust), and the member(s) of Borrower, (iii) a portfolio analysis showing annualized cash flow statements (including debt service payments) for all real properties owned by Borrower, its general partner(s), shareholder(s) or member (s) (whichever is applicable), (iv) a current rent roll for the Property, and (v) an operating budget for the current fiscal year and after October 31st of each calendar year an operating budget for the following fiscal year. Additionally, Lender shall have the right to request a rent roll as of the commencement of each fall quarter or semester, as applicable, at Florida State University and Borrower shall furnish the same within sixty (60) days of the commencement of such quarter or semester. All such statements and rent rolls shall be certified to Lender to be complete, correct, and accurate in all material respects by the individual for an individual’s statements or by an authorized representative of the entity if the statements are for a partnership, corporation or limited liability company or other such entity. Notwithstanding the foregoing, during the existence of an Event of Default under the Loan Documents, Lender shall have the right to require additional audited financial statements, including operating statements for the Property, income statements and balance sheets for Borrower, Carve Out Guarantor, Guarantor, and the Property, certified by a certified public accountant reasonably approved by Lender, the cost of which shall be paid by Borrower.
Lender Request. At the request of ▇▇▇▇▇▇, but under no circumstances more often than once a quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: (i) Flats at Carrs Hill 21 Loan No. 00-1103560 30367245 unaudited Financial Statements (balance sheet, income statement, operating statements and current rent roll) covering the operation of the Property for regular reporting periods other than those set forth in Section 4.7(b) above, (ii) unaudited Financial Statements (balance sheets and income statements) for Borrower and Guarantor. All such statements and rent rolls shall be certified to Lender to be complete, correct, and accurate in all material respects by the individual for an individual’s statements or by an authorized representative of the entity if the statements are for a partnership, corporation or limited liability company or other such entity. Notwithstanding the foregoing, during the existence of an Event of Default under the Loan Documents, Lender shall have the right to require additional reviewed financial statements, including operating statements for the Property, income statements and balance sheets for Borrower, Guarantor and the Property, certified as “reviewed” by a certified public accountant approved by ▇▇▇▇▇▇, the cost of which shall be paid by Borrower.
Lender Request. If Lender at any time has reasonable basis to believe that there may be (i) a violation by such Co-Borrower of any Hazardous Materials Laws with respect to any Project or (ii) any adverse environmental condition caused by such Co-Borrower at any Project or any part of any Project Site, then, upon the request of Lender, such Co-Borrower shall provide the Lender with such environmental reports and assessments, engineering studies or other written material or data as the Lender may reasonably require relating thereto.