Estoppel. 8.1 The Lessee shall, within fourteen (14) days of receipt of a request by the Lessor, pursuant to paragraph 12.1, certify, to the extent the Lessee believes the information to be true and deliver to the Lessor an executed estoppel certificate (Enclosure "D"). The Lessee's failure to deliver such statement shall be conclusive upon the Lessee that:
a) This Lease is in full force and effect without modification except as may be represented by the Lessor,
b) There are no uncured defaults in the Lessor's performance,
c) Not more than one (1) month's rent has been paid in advance.
Estoppel. To induce Lender to enter into this Amendment and to continue to make advances to Borrower under the Loan Agreement, Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against Lender with respect to the Obligations.
Estoppel. To induce Agent and Lenders to enter into this Amendment and to induce Agent and Lenders to continue to make advances to Borrowers under the Credit Agreement, each Borrower hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Default or Event of Default and no right of offset, defense, counterclaim or objection in favor of any Borrower as against Agent or any Lender with respect to the Obligations.
Estoppel. Tenant hereby certifies and represents to Trustee that as of the date of this Agreement:
(a) the Lease is in full force and effect;
(b) all requirements for the commencement and validity of the Lease have been satisfied and there are no unfulfilled conditions to Tenant’s obligations under the Lease;
(c) Tenant is not in default under the Lease and has not received any uncured notice of any default by Tenant under the Lease; to the best of Tenant’s knowledge, Landlord is not in default under the Lease; no act, event or condition has occurred which with notice or the lapse of time, or both, would constitute a default by Tenant or Landlord under the Lease; no claim by Tenant of any nature exists against Landlord under the Lease; and all obligations of Landlord have been fully performed;
(d) there are no defenses, counterclaims or setoffs against rents or charges due or which may become due under the Lease;
(e) none of the rent which Tenant is required to pay under the Lease has been prepaid, or will in the future be prepaid, more than one (1) month in advance;
(f) Tenant has no right or option contained in the Lease or in any other document to purchase all or any portion of the Leased Premises;
(g) the Lease has not been modified or amended and constitutes the entire agreement between Landlord and Tenant relating to the Leased Premises;
(h) Tenant has not assigned, mortgaged, sublet, encumbered, conveyed or otherwise transferred any or all of its interest under the Lease; and
(i) Tenant has full authority to enter into this Agreement, which has been duly authorized by all necessary action.
Estoppel. Either Party hereto, without charge, at any time and from time to time, within five (5) business days after receipt of a written request by the other party hereto, shall deliver a written instrument, duly executed, certifying to such requesting party, or any other person specified by such requesting Party: (i) that this Agreement is unmodified and in full force and effect, or if there has been any modification, that the same is in full force and effect as so modified, and identifying any such modification; (ii) whether or not to the knowledge of any such party there are then existing any offsets or defenses in favor of such party against enforcement of any of the terms, covenants and conditions of this Agreement and, if so, specifying the same and also whether or not to the knowledge of such party the other party has observed and performed all of the terms, covenants and conditions on its part to be observed and performed, and if not, specifying the same; and (iii) such other information as may be reasonably requested by the requesting Party. Any written instrument given hereunder may be relied upon by the recipient of such instrument, except to the extent the recipient has actual knowledge of facts contained in the certificate.
Estoppel. To induce Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Loan Agreement, each Obligor hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of any Obligor as against Agent or any Lender with respect to the Obligations.
Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers as against Agent or any Lender with respect to the Obligations.
Estoppel. Property Manager and Borrower represent and warrant that all of the following are true as of the date of this Assignment:
(a) The Management Agreement is in full force and effect and has not been modified, amended or assigned other than pursuant to this Assignment.
(b) Neither Property Manager nor Borrower is in default under any of the terms, covenants or provisions of the Management Agreement and Property Manager knows of no event which, but for the passage of time or the giving of notice or both, would constitute an event of default under the Management Agreement.
(c) Neither Property Manager nor Borrower has commenced any action or given or received any notice for the purpose of terminating the Management Agreement.
(d) The Management Fees and all other sums due and payable to the Property Manager under the Management Agreement have been paid in full.
Estoppel. Tenant fails to provide any estoppel certificate after Landlord’s written request therefor pursuant to Section 25(e) and such failure shall continue for five days after Landlord’s second written notice thereof to Tenant;
Estoppel. Xxxxxx hereby certifies and represents to the Beneficiary that as of the date of this Deed of Trust:
(A) each Mortgaged Lease is in full force and effect;
(B) all requirements for the commencement and validity of each Mortgaged Lease have been satisfied and there are no unfulfilled conditions to Xxxxxx'x obligations under such Mortgaged Lease;
(C) Xxxxxx is not in default under any Mortgaged Lease and has not received any uncured notice of any default by Xxxxxx under such Mortgaged Lease; to the best of Xxxxxx'x knowledge, no Lessor is in default under any Mortgaged Lease; no act, event or condition has occurred which with notice or the lapse of time, or both, would constitute a default by Xxxxxx or any Lessor under any Mortgaged Lease; no claim by Xxxxxx of any nature exists against any Lessor under any Mortgaged Lease; and all obligations of each Lessor have been fully performed;
(D) there are no defenses, counterclaims or setoffs against rents or charges due or which may become due under any Mortgaged Lease;
(E) none of the rent which Xxxxxx is required to pay under any Mortgaged Lease has been prepaid, or will in the future be prepaid, more than one (1) month in advance;
(F) Xxxxxx has no right or option contained in any Mortgaged Lease or in any other document to purchase all or any portion of the Leased Premises;
(G) no Mortgaged Lease has been modified or amended and each Mortgaged Lease constitutes the entire agreement between the applicable Lessor and Xxxxxx relating to the applicable Leased Premises; and
(H) Xxxxxx has not assigned, mortgaged, sublet, encumbered, conveyed or otherwise transferred any or all of its interest under the Mortgaged Leases except pursuant to this Deed of Trust.
(A) The Beneficiary shall have no obligations nor incur any liability with respect to any warranties of any nature whatsoever, whether pursuant to any Mortgaged Lease or otherwise, including, without limitation, any warranties respecting use, compliance with zoning, any Lessor's title, any Lessor's authority, habitability, fitness for purpose or possession.
(B) In the event that the Beneficiary shall acquire title to any Leased Premises subject to a Mortgaged Lease, the Beneficiary shall have no obligation, nor incur any liability, beyond the Beneficiary's then equity interest, if any, in the Leased Premises, and Xxxxxx shall look exclusively to such equity interest of the Beneficiary, if any, in the Leased Premises for the payment and discharge of any obligation...
