Estoppel Affidavits Clause Samples
An Estoppel Affidavit clause requires a party, typically a tenant or borrower, to provide a sworn statement confirming the current status and key terms of an agreement, such as a lease or loan, and acknowledging that no defaults or undisclosed claims exist. In practice, this means that upon request, the party must sign an affidavit verifying facts like payment status, term dates, or the absence of disputes, which can then be relied upon by third parties such as lenders or buyers. The core function of this clause is to provide assurance and clarity to third parties, facilitating transactions by preventing parties from later contradicting the facts stated in the affidavit.
Estoppel Affidavits. The Grantor, upon 10 days’ prior written notice, shall furnish the Beneficiary a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on, the Indebtedness and whether or not any offsets or defenses exist against such principal and interest.
Estoppel Affidavits. Mortgagor, within ten (10) days after written request from Mortgagee, shall furnish a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on the Loan Documents, and any other unpaid sums secured hereby, and whether or not any offsets or defenses exist against such principal and interest or other sums.
Estoppel Affidavits. The Company, within 10 days after written request from the Director, shall furnish a written statement, duly acknowledged, setting forth the unpaid principal of, and interest and monthly service fee on, the indebtedness secured hereby and whether any credits or defenses exist against such principal and interest.
Estoppel Affidavits. Mortgagor, within ten (10) days after written request from Mortgagee, shall furnish a written statement, duly acknowledged, setting forth the unpaid principal balance of, and interest on, the Obligations secured by this Mortgage, and whether or not any off-sets or defenses exist thereto.
Estoppel Affidavits. Mortgagor, within fifteen (15) days after written request from Mortgagee, shall furnish a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on, the Secured Obligations and stating whether or not any offset or defense exists against such Secured Obligations, and covering such other matters as Mortgagee may reasonably require.
Estoppel Affidavits. Trustor, within fifteen (15) days after written request from Beneficiary, shall furnish a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on, the Secured Obligations and stating whether or not any offset or defense exists against such Secured Obligations, and covering such other matters as Beneficiary may reasonably require.
Estoppel Affidavits. The Grantor within ten (10) days after written request from the Grantee shall furnish a written statement, duly acknowledged, setting forth the unpaid principal of and interest on the Loan and Other Indebtedness and whether or not any offsets or defenses exist against any principal and interest.
Estoppel Affidavits. Borrower, upon ten (10) days prior written notice, shall furnish the Lender a written statement, duly acknowledged, based upon its records, setting forth, the unpaid principal of, and interest on, the Loan Obligations, stating whether or not to its knowledge any off-sets or defenses exist against the Loan Obligations, or any portion thereof, and, if such off-sets or defenses exist, stating in detail the specific facts relating to each such off-set or defense.
Estoppel Affidavits. Mortgagor, upon ten (10) days’ prior written notice, shall furnish Lender a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on, the indebtedness secured hereby and whether or not any offsets or defenses exist against such indebtedness and, if such offsets or defenses are alleged to exist, such statement shall detail the specific facts relating thereto.
Estoppel Affidavits. The Mortgagor shall furnish the Mortgagee a written statement, duly acknowledged, setting forth the unpaid principal of, and interest on, the indebtedness secured hereby and whether or not any offsets or defenses exist against such indebtedness and, if such offsets or defenses are alleged to exist, such statement shall detail the specific facts relating thereto.