Status Certificate. The LESSEE agrees that, from time to time upon written request by the LESSOR, it shall execute and deliver to the LESSOR, a statement (commonly known as an Estoppel Certificate) in writing certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that this Lease is in full force and effect and stating the modifications); that the LESSEE has no defenses, offsets, or counterclaims against its obligations hereunder or, if there are any defenses, offsets, or counterclaims, setting them forth in reasonable detail; and the date to which the Base Rent, Additional Rent, and other charges have been paid. Any such statement may be relied upon by any purchaser or mortgagee of the Leased Premises.
Status Certificate. A Status Certificate is meant to set out the current status of the Condominium Corporation. It will include additional documents such as financial statements, budgets, reserve fund audits, Declaration, Rules, Bylaws to name a few. The Seller consents to the Buyer obtaining a Status Certificate. This paragraph provides warranties that there are no special assessments or legal actions pending or contemplated.
Status Certificate. Within 10 days after receipt of written request, either party shall deliver to the other a written statement confirming the status of this Agreement, whether the Agreement is unmodified and in full force and effect, and any other matters that may reasonably be requested, which statement may be relied upon by third parties.
Status Certificate. The Tenant shall, on ten (10) days' written notice from the Landlord, execute and deliver to the Landlord a statement as prepared by the Landlord in writing certifying the following: (a) that this Lease is unmodified and in full force and effect, or, if modified, stating the modifications and that the same is in full force and effect as modified; (b) the amount of the annual Rent or other amounts then being paid;
Status Certificate. A Status Certiﬁcate is a full report on the current state of a condominium property, prepared by the Board of Directors, which oﬀers a ﬁnancial snapshot of the well-being of the building. By law, it can take up to 10 days to receive a Status Certiﬁcate. Once received, it could take 2 days for your lawyer to review the Status Certiﬁcate on your behalf. The Status Certificate will detail the following: • How much is in the Reserve Fund; • If the current owner is up to date on maintenance payments; • The overall ﬁnancial health of the condo corporation; • The rules of the building. Waivers Once all of the conditions have been satisﬁed, you will sign waivers to remove the conditions. What I love most about this stage is how the team you and your agent have put together comes out to support you. Everyone empathizes for you and knows exactly what you’re going through emotionally. You’re scared, you’re excited, and they all have your best interests at heart. Your banker wants to get you a mortgage with the best interest rate and terms, your home inspector wants to give you an honest and thorough report so there are no surprises when you move in, and your lawyer not only wants to make sure you clearly understand the status certiﬁcate but they’re also there to guide you through the closing process.
Status Certificate. Tenant agrees from time to time, upon not less than ten (10) business days’ prior written request by Landlord, to execute, acknowledge and deliver to Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect and that Tenant has no defenses, offsets or counterclaims against its obligation to pay Annual Fixed Rent or Additional Rent; and to perform its other covenants under this Lease; or if there have been any modifications or Tenant has any defenses, etc., that the Lease is in full force and effect as modified and stating that the modifications and any defenses or offsets claimed by Tenant in reasonable detail. Any such statement delivered pursuant to this Section 14.7 may be relied upon by any prospective purchaser or mortgagee of the Leased Premises. Landlord agrees to provide a similar certificate to Tenant from time to time upon not less than ten (10) business days prior written request by Tenant.
Status Certificate. The Co-tenancy Committee or West village as initial manager of Common Property shall at the request of a purchaser deliver to such purchaser on closing a Status Certificate substantially in the form attached hereto as Schedule “F” for the then current fee. The Status Certificate shall also be made available to mortgagees at the Co-tenancy Committee’s or West Village’s then current fee. The fee for a Status Certificate shall established by the Co-tenancy Committee or West Village from time to time.
Status Certificate. Together with each delivery of the annual financial statements required by Sub-Section 6.1.1 of Section 6 of this Agreement, and by the end of the month following the other three (3) of Borrower’s reporting quarters, furnish to the Bank a certificate of its chief executive or financial officer stating that no Event of Default or Default has occurred, or if any such Event of Default or Default exists, stating the nature thereof, the period of existence thereof and what action the Borrower proposes to take with respect thereto.
Status Certificate. Mortgagor shall within ten days of a written request from Lender furnish Lender with a written statement duly acknowledged, setting forth the sums secured by this Mortgage and any right of setoff, counterclaim or other defense which exists against such sums and the obligations of this Instrument.