Annual Property Statements Clause Samples
The Annual Property Statements clause requires the responsible party, typically a landlord or property manager, to provide a detailed statement of property-related expenses and income on a yearly basis. This statement may include information such as maintenance costs, tax payments, insurance premiums, and rental income, and is usually delivered to the tenant or another relevant party within a specified timeframe after the end of each year. The core function of this clause is to ensure transparency and accountability in the financial management of the property, allowing all parties to verify that expenses and income are properly documented and allocated.
Annual Property Statements. On an annual basis within forty-five (45) days of the end of its fiscal year, an annual statement of income and expenses of each Mortgaged Property accompanied by a certificate of the Chief Financial Officer of the REIT to the effect that each such statement of income and expenses fairly, accurately and completely presents the operations of each such Mortgaged Property for the period indicated.
Annual Property Statements. On an annual basis, within the first forty-five (45) days of the applicable calendar year, an annual statement of income and expenses of each Collateral Pool Property accompanied by a certificate of the Chief Financial Officer of Borrower to the effect that each such statement of income and expenses fairly, accurately and completely presents the operations of each such Collateral Pool Property for the period indicated.
Annual Property Statements. On an annual basis within one-hundred twenty (120) days of the end of its fiscal year, an annual statement of income and expenses of each Mortgaged Property accompanied by a certificate of each Borrower's Authorized Representative to the effect that each such statement of income and expenses fairly presents the operations of each such Mortgaged Property for the period indicated. At Lender's request each Borrower shall provide to Lender, at Borrower's expense, certified annual statements of income and expenses of each Mortgaged Property prepared by an independent certified public accountant satisfactory to the Lender.
Annual Property Statements. On an annual basis within ninety (90) days after the close of its fiscal year, an annual statement of income and expenses of each Mortgaged Property in such Collateral Pool prepared in accordance with GAAP and accompanied by a certificate of an authorized representative of each Borrower, each IDOT Guarantor and each Guarantor reasonably acceptable to Lender to the effect that each such statement of income and expenses fairly, accurately and completely presents the operations of each such Mortgaged Property for the period indicated.
Annual Property Statements. As soon as available and in any event within sixty (60) days after the end of each calendar year, rent rolls and operating statements for each property constituting a portion of the Real Estate, including without limitation a portfolio summary relating to the Real Estate in the form approved by Bank.
Annual Property Statements. As soon as available and in any -------------------------- event within forty-five (45) days of the end of its fiscal year, an annual Operating Statement for each Property accompanied by a certificate of the Chief Financial Officer of ▇▇▇▇▇ REIT to the effect that each such Operating Statement fairly, accurately, and completely presents the operations of each such Property for the period indicated.
Annual Property Statements. As soon as available, and in any event within 45 days after the end of the fiscal year, an annual statement of net operating income of each Mortgaged Property for such fiscal year, accompanied by a certificate of the Chief Financial Officer of the REIT to the effect that each such statement of net operating income fairly, accurately and completely presents the operations of each such Mortgaged Property for the period indicated. 55 Notwithstanding the foregoing, the Borrower shall not be required to provide any statement of net operating income to the extent such income or expenses are allocable to any period occurring prior to the date on which the applicable Owner acquired the Mortgaged Property.
Annual Property Statements. As soon as available and in any event -------------------------- within sixty (60) days after the end of each calendar year, rent rolls and operating statements for each property constituting a portion of any of the Collateral Properties, including without limitation a portfolio summary relating to the Collateral Properties in the form approved by Bank.