Common use of Lender Request Clause in Contracts

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 calendar quarter (provided no Event of Default has occurred under the Loan Documents), Borrower shall furnish to Lender within fifteen (15) days of such request: request (so long as same is sixty (60) days or more after the end of such calendar quarter): (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, Guarantor, their general partner(s), shareholder(s) or member(s) (whichever may be applicable), and for such other principals of Borrower and Guarantoras designated by Lender, (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), and for such designated principals, (iv) a current rent roll for the Property, and (ivv) an operating budget for the current fiscal year and after December 15th October 31st 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 audited 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)Tenants, certified as “reviewed” by a certified public accountant approved by Lender, the cost of which shall be paid by Borrower.