Common use of STATEMENT OF PERFORMANCE Clause in Contracts

STATEMENT OF PERFORMANCE. Tenant and Landlord each agree at any time upon not less than 10 days' notice to execute and deliver to the other party a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified stating the modifications); that there have been no defaults by Landlord or Tenant (or, if there have been defaults, setting forth the nature thereof); the date to which Rent has been paid in advance and such other information as the requesting party reasonably requests. Such statement may be relied upon by a prospective purchaser of Landlord's interest or Mortgagee. Either party's failure to timely deliver such statement is conclusive upon such party that: (i) this Lease is in full force and effect without modification except as may be represented by the requesting party; (ii) there are no uncured defaults in the other party's performance; and (iii) not more than 1 month's Rent has been paid in advance. Upon request, Tenant and Landlord will furnish to the other party an appropriate resolution confirming that the party signing the statement is authorized to do so.

STATEMENT OF PERFORMANCE. Tenant and Landlord each Both parties agree at any time upon not less than 10 days' ’ notice to execute and deliver to the other requesting party a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified stating the modifications); that there have been no defaults by Landlord or Tenant Tenant, as applicable, and no event which with the giving of notice or passage of time, or both, would constitute such a default (or, if there have been defaults, setting forth the nature thereof); the date to which Rent has been paid in advance and such other information as the requesting party may be reasonably requestsrequested. Such statement may be relied upon by the requesting party and any other person or entity to whom the same may be exhibited or delivered, including without limitation, a prospective purchaser of Landlord's ’s interest or Mortgagee. Either party's Tenant’s failure to timely deliver such statement is conclusive upon such party Tenant that: (i) this Lease is in full force and effect without modification except as may be represented by the requesting partyLandlord; (ii) there are no uncured defaults in the other party's Landlord’s performance; and (iii) not more than 1 month's ’s Rent has been paid in advance. Upon request, Tenant and Landlord the responding party will furnish to the other requesting party an appropriate resolution confirming that the party signing the statement is authorized to do so.

STATEMENT OF PERFORMANCE. Tenant and Landlord each agree at any time upon not less than 10 business days' written notice to execute and deliver to the other requesting party a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified stating the modifications); that there have been no defaults by Landlord or Tenant and no event which with the giving of notice or passage of time, or both, would constitute such a default (or, if there have been defaults, setting forth the nature thereof); the date to which Rent has been paid in advance and such other information relating to the Lease as the requesting party reasonably requests. Such statement from Tenant may be relied upon by a prospective purchaser of Landlord's interest or Mortgagee. Either party's The failure of either party when requested to timely deliver such statement is conclusive upon such the failing party that: (i) this Lease is in full force and effect without modification except as may be represented by the requesting party; (ii) there are no uncured defaults in the other requesting party's performance; and (iii) not more than 1 month's Rent has been paid in advance. Upon request, Tenant and Landlord the certifying party will furnish to the other party Landlord an appropriate resolution certificate confirming that the party signing the statement is authorized to do so.