Common use of TENANCY STATEMENT Clause in Contracts

TENANCY STATEMENT. 16.1 Each Party (as "Responding Party") shall within ten (10) days after written notice from the other Party (the "Requesting Party") execute, acknowledge and deliver to the Requesting Party a statement in writing (a) certifying that this Lease is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying that this Lease as so modified is in full force and effect), and the date to which rental and other charges are paid in advance, if any, (b) acknowledging that there are not, to the Responding Party's knowledge, any uncured defaults on the part of Landlord or Tenant, or specifying such defaults if any are claimed, plus such additional information, confirmation and/or statements as may be reasonably requested by the Requesting Party. 16.2 If Landlord desires to finance, refinance, or sell the Premises, Building and/or Project or any part thereof, Tenant and all Guarantors of Tenant's performance hereunder shall deliver to any potential lender or purchaser designated by Landlord such financial statements of Tenant and such Guarantors as may be reasonably required by such lender or purchaser, including but not limited to Tenant's financial statements of the past three (3) years. All such financial statements shall be received by Landlord and such lender or purchaser in confidence and shall be used only for the purposes herein set forth.

TENANCY STATEMENT. 16.1 Each Party (as "Responding PartyRESPONDING PARTY") shall within ten (10) business days after written notice from the other Party (the "Requesting PartyREQUESTING PARTY") execute, acknowledge and deliver to the Requesting Party a statement in writing writing. Said Tenancy Statement shall (a) certifying certify that this Lease is unmodified and in full force and effect (or, or if modified, stating the nature of such modification and certifying that this Lease Lease, as so modified modified, is in full force and effect), and (b) specify the date to which rental the Base Rent, Additional Rent, and other charges are paid in advance, if anyat all, and (bc) acknowledging acknowledge that there are not, to the Responding declaring Party's knowledge, best knowledge (after due inquiry) any uncured defaults or unfulfilled obligations on the part of Landlord or Tenantthe other party hereunder, or specifying such defaults or unfulfilled obligations if any are claimed, plus such additional information, confirmation and/or statements as may be reasonably requested by the Requesting Party. 16.2 If Landlord Lessor desires to finance, refinance, or sell the Premises, Building and/or Project or any part thereof, Tenant or the Building of which the Premises are a part, Lessee and all Guarantors of TenantLessee's performance hereunder shall deliver to any potential lender or purchaser designated by Landlord Lessor such financial statements of Tenant Lessee and such Guarantors as may be reasonably required by such lender or purchaser, including but not limited to TenantLessee's financial statements of for the past three (3) years. All Ail such financial statements shall be received by Landlord Lessor and such lender or purchaser in confidence and shall be used only for the purposes herein set forth.. 23 24