Common use of Monthly Operating Statement Clause in Contracts

Monthly Operating Statement. As soon as available but no later than twenty (20) days after the end of the calendar month in which such request is made, a monthly operating statement for the Property in the form required by Lender, detailing the revenues received, the expenses incurred and the net operating income before and after debt service (principal and interest) and major capital improvements for such month and containing appropriate year-to-date information; Consolidation Modification Extension and SpreaderAgreement EXH-C Page 34

Appears in 1 contract

Sources: Consolidation, Modification, Extension and Spreader Agreement (Clipper Realty Inc.)

Monthly Operating Statement. As soon as available but no later than twenty (20) days after the end of the calendar month in which such request is made, a monthly operating statement for the Property in the form required by Lender, detailing the revenues received, the expenses incurred and the net operating income before and after debt service (principal and interest) and major capital improvements for such month and containing appropriate year-to-date information; Consolidation Modification Extension and SpreaderAgreement EXH-C Page 34;

Appears in 1 contract

Sources: Mortgage, Assignment of Leases and Rents and Security Agreement (Clipper Realty Inc.)

Monthly Operating Statement. As soon as available but no later than twenty (20) days after the end of the calendar month in which such request is made, a monthly operating statement for the Property in the form required by Lender, detailing the revenues received, the expenses incurred and the net operating income before and after debt service (principal and interest) and major capital improvements for such month and containing appropriate year-to-date information; Consolidation Modification Extension and SpreaderAgreement EXHMortgage CD Form 127 Page 38 Loan No. 110686537 File No. 123-C Page 3433001 04-09-11

Appears in 1 contract

Sources: Consolidation, Modification and Extension Agreement (Clipper Realty Inc.)