Common use of Delivery of Borrower Financial Statements Upon Request Clause in Contracts

Delivery of Borrower Financial Statements Upon Request. At any time upon Lender’s request, Borrower will furnish to Lender each of the following items; provided, however, that Lender will not require any of the following more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish any of the following more frequently: (i) A balance sheet, a statement of income and expenses for Borrower and a statement of changes in financial position of Borrower for Borrower’s most recent fiscal year. (ii) A quarterly or year-to-date income and expense statement for the Mortgaged Property. (iii) A monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender. (iv) Upon Lender’s request in Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.

Delivery of Borrower Financial Statements Upon Request. At any time upon Lender’s request, Borrower will furnish to Lender each of the following items; provided, however, that Lender will not require any of the following more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish any of the following more frequently:: Revolving Credit Loan (i) A balance sheet, a statement of income and expenses for Borrower and a statement of changes in financial position of Borrower for Borrower’s most recent fiscal year. (ii) A quarterly or year-to-date income and expense statement for the Mortgaged Property. (iii) A monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by Lender. (iv) Upon Lender’s request in Lender’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.

Delivery of Borrower Financial Statements Upon Request. At any time upon LenderXxxxxx’s request, Borrower will furnish to Lender each of the following items; provided, however, that Lender will not require any of the following more frequently than quarterly except when there has been an Event of Default and such Event of Default is continuing, in which case Lender may require Borrower to furnish any of the following more frequently: (i) A balance sheet, a statement of income and expenses for Borrower and a statement of changes in financial position of Borrower for BorrowerXxxxxxxx’s most recent fiscal year. (ii) A quarterly or year-to-date income and expense statement for the Mortgaged Property. (iii) A monthly property management report for the Mortgaged Property, showing the number of inquiries made and rental applications received from tenants or prospective tenants and deposits received from tenants and any other information requested by LenderXxxxxx. (iv) Upon LenderXxxxxx’s request in LenderXxxxxx’s Discretion, such other financial information or property management information (including information on tenants under Leases to the extent such information is available to Borrower, copies of bank account statements from financial institutions where funds owned or controlled by Borrower are maintained, and an accounting of security deposits) as may be required by Lender from time to time, in each case within 30 days after such request.