City Certificates Clause Samples
The City Certificates clause requires one party, typically the contractor or property owner, to obtain official certificates or permits from the city before proceeding with certain activities or upon completion of specific project milestones. In practice, this may involve securing building permits, occupancy certificates, or inspection approvals to demonstrate compliance with local regulations. The core function of this clause is to ensure that all necessary municipal approvals are obtained, thereby reducing legal risks and ensuring the project adheres to applicable laws and standards.
City Certificates. The City agrees at any time and from time to time, upon not less than twenty (20) days’ prior written notice by MFP, to furnish a statement in writing setting forth any monies then payable under this Agreement, if then known; certifying that this Agreement is unmodified and in full force and effect (or if there shall have been modifications that the Agreement is in full force and effect as modified and stating the modifications) and the dates to which monies (if any) have been paid; and stating whether or not to the best of the City’s knowledge, MFP is in default in keeping, observing and performing any of the terms of this Agreement, and, if MFP shall be in default, specifying each such default of which the City may have knowledge. It is intended that any such statement delivered pursuant to this Section 5.2 may be relied upon by any prospective lender, assignee, transferee or purchaser of MFP’s interest in this Agreement, but reliance on such certificate may not extend to any default of MFP as to which the City shall have had no actual knowledge.
City Certificates. City agrees at any time and from time to time upon not less than twenty (20) days’ prior written notice by Tenant or by any Qualified Mortgagee to execute, acknowledge and deliver to Tenant or to any Qualified Mortgagee a statement in writing setting forth the Rental payable during the balance of the Original Term and during each Extended Term and certifying that this Lease is unmodified and in full force and effect (or if there shall have been modifications that the Lease is in full force and effect as modified and stating the modifications) and the dates to which the Rental has been paid, and stating whether or not to the best knowledge of City, Tenant is in default in keeping, observing or performing any of the terms contained in this Lease and, if Tenant shall be in default, specifying each such default of which City may have knowledge, and also a statement specifying which options for Extended Terms have been exercised, if any. It is intended that any such statement delivered pursuant to this Section 20.02 may be relied upon by any prospective Qualified Mortgagee or any assignee of any such mortgagee, but reliance on such certificate may not extend to any default of Tenant as to which City shall have had no actual knowledge.
City Certificates. Any certificate signed by an authorized officer or agent of the City and delivered to the Purchaser shall be deemed a representation and warranty by the City to the Purchaser as to the statements made therein.