Common use of ESTOPPEL CERTIFICATES; AFFIDAVITS Clause in Contracts

ESTOPPEL CERTIFICATES; AFFIDAVITS. (a) Within ten (10) days after request, Borrower and Lender shall furnish the other with a statement, duly acknowledged and certified, setting forth: (i) the amount of the original principal amount of the Note; (ii) the then outstanding principal balance of the Note; (iii) the rate of interest of the Note; (iv) the date on which installments of interest and/or principal were last paid; (v) any offsets or defenses to the payment of the Debt; and (vi) that the Note, the Mortgage, this Agreement, the Assignment, the Environmental Agreement and the other Loan Documents are valid, legal and binding obligations, which have not been modified or if modified, giving particulars of such modification; provided, however, that neither Borrower nor Lender shall be required to provide a statement hereunder more frequently than once in a calendar quarter.

ESTOPPEL CERTIFICATES; AFFIDAVITS. (a) Within ten (10) 10 days after request, Borrower and Lender shall furnish the other with a statement, duly acknowledged and certified, setting forth: (i) the amount of the original principal amount of the Note; (ii) the then outstanding principal balance of the Note; (iii) the rate of interest of the Note; (iv) the date on which installments of interest and/or principal were last paid; (v) any offsets or defenses to the payment of the Debt; and (vi) that the Note, the Mortgage, this Agreement, the Assignment, the Environmental Agreement and the other Loan Documents are valid, legal and binding obligations, which have not been modified or if modified, giving particulars of such modification; provided, however, that neither Borrower nor Lender shall be required to provide a statement hereunder more frequently than once in a calendar quarter.