Refusal to Certify Sample Clauses

Refusal to Certify. If Lessor shall refuse or fail to provide the Certificate of Completion in accordance with the provisions of this Article, it shall, within 30 days after written request therefor by Tenant or Mortgagee, provide Tenant or Mortgagee with a written statement indicating in adequate detail in what respect Tenant has failed to complete the Museum Building or the rest of the Original Improvements (whichever it claims to be the case) in accordance with the provisions of the Disposition Agreement and this Lease and what measures or acts must, in the opinion of Xxxxxx, be taken or performed by or on behalf of Tenant in order to obtain such Certificate of Completion for the Museum Building or the rest of the Original Improvements, whichever the case may be. If the reason for such refusal is confined to the immediate availability of materials for landscaping or of specific items which do not prevent substantial completion, Lessor must issue the Certificate of Completion upon Tenant's or Mortgagee's written promise to complete the items within a reasonable time to be mutually agreed and upon the posting of a bond with Lessor or furnishing to Lessor a letter of credit from a bank reasonably satisfactory to Lessor or other evidence reasonably satisfactory that Tenant or Mortgagee has committed funds in an amount representing the fair value of the work not yet completed. If Lessor shall have failed to provide such written statement within said 30-day period, Tenant or Mortgagee at the end of said 30-day period shall be automatically deemed entitled to the Certificate of Completion. The date of said Certificate of Completion or the day on which Tenant or Mortgagee is automatically deemed entitled to the Certificate of Completion is the "Completion Date." The Certificate of Completion shall not constitute evidence of compliance with or satisfaction of any obligation of Tenant to any holder of a mortgage, or any insurer of a mortgage securing money loaned to finance the Original Improvements, or any part thereof. The Certificate of Completion shall not constitute the notice of completion referred to in California Civil Code Section 3093.
Sample 1
AutoNDA by SimpleDocs

Related to Refusal to Certify

  • Notification to Certificateholders (a) Upon any termination of or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to Certificateholders and to each Rating Agency.

  • Prior Notice to Certificateholders with Respect to Certain Matters With respect to the following matters, the Owner Trustee shall not take action unless at least 30 days before the taking of such action, the Owner Trustee shall have notified the Certificateholders in writing of the proposed action and the Certificateholders shall not have notified the Owner Trustee in writing prior to the 30th day after such notice is given that such Certificateholders have withheld consent or provided alternative direction:

  • CFO Certificate On the Closing Date and/or the Option Closing Date, the Representative shall have received a written certificate executed by the Chief Financial Officer of the Company, dated as of such date, on behalf of the Company, with respect to certain financial data contained in the Registration Statement, Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, in form and substance reasonably satisfactory to the Underwriters.

  • Prior Notice to Certificateholder with Respect to Certain Matters With respect to the following matters, the Owner Trustee shall not take action unless at least 10 days before the taking of such action (or such shorter notice acceptable to the Certificateholder), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the Certificateholder shall not have notified the Owner Trustee in writing prior to the 10th day (or such shorter notice acceptable to the Certificateholder) after such notice is given that the Certificateholder has withheld consent or provided alternative direction:

  • Access to Certificateholders’ Names and Addresses; Special Notices (a) The Certificate Registrar shall maintain in as current form as is reasonably practicable the most recent list available to it of the names and addresses of the Certificateholders. If any Certificateholder or Certificate Owner (a “Certifying Certificateholder”) that has delivered an executed certification as contemplated by Section 5.07(c) reflecting the appropriate information to the Certificate Administrator at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Global Transaction Services – CGCMT 2019-C7 (i) requests in writing from the Certificate Registrar a list of the names and addresses of Certificateholders, (ii) states that such Certifying Certificateholder desires to communicate with other Certificateholders and Certificate Owners with respect to its rights under this Agreement or under the Certificates and (iii) provides a copy of the communication which Certifying Certificateholder proposes to transmit, then the Certificate Registrar shall, within ten (10) Business Days after the receipt of such request (a “Communication Request”), furnish such Certifying Certificateholder (at such Certifying Certificateholder’s sole cost and expense) a list of the names and addresses of the Certificateholders as of the most recent Record Date as they appear in the Certificate Register. Every Certificateholder, by receiving and holding a Certificate, agrees that the Certificate Registrar shall not be held accountable by reason of the disclosure of any such information as to the list of the Certificateholders hereunder, regardless of the source from which information was derived. The Master Servicer, the Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor and the Depositor shall be entitled to a list of the names and addresses of Certificateholders from time to time upon request therefor.

  • Statement to Certificateholders To the extent the Certificate Paying Agent has assumed the role of Relevant Trustee pursuant to the terms of Section 3.10;

  • Reports to Certificateholders (a) On each Distribution Date, the Trustee shall prepare (based solely on information provided by the Master Servicer) and shall make available to each Certificateholder and each Rating Agency a written report setting forth the following information (on the basis of Mortgage Loan level information obtained from the Servicers and the Master Servicer):

  • PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS Section 5.01 Distributions..............................................................................70 Section 5.02 Monthly Advances; Servicing Advances.......................................................74 Section 5.03 Statements to Certificateholders...........................................................75 Section 5.04

  • Payments to Certificateholders 68 Section 4.01. Certificate Account..................................................68 Section 4.02. Distributions........................................................68 Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting............................................68 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.............................................70

  • Amendment to Certificate of Trust If at any time required by Section 3810 of the Statutory Trust Statute, the Trustee, the Delaware Trustee and any other trustee of the Trust shall cause an amendment to the Certificate of Trust to be filed with the Secretary of State in accordance with the provisions of such Section 3810.

Time is Money Join Law Insider Premium to draft better contracts faster.