SELCO Status Clause Samples

SELCO Status. Upon the reasonable written request of the Lessee or Guarantor made not more than one (1) time in a calendar year, the Lessor will deliver a letter addressed to the Lessee or Guarantor of the same tenor as that certain letter dated on or about the Acquisition Date from the Lessor to the Lessee (the “Lessor Letter”); provided that if there have been any changes to the factual matters set forth in the Lessor Letter (other than SELCO Service Corporation being a wholly-owned consolidated subsidiary of KeyBank National Association) or the financial accounting standards referenced therein that bear on the conclusions set forth therein, such letter shall set forth the analysis based on such changed factual matters or accounting standards. The Lessee may make such request via electronic mail.