Estoppel Certifications Sample Clauses
An Estoppel Certification clause requires a party, typically a tenant or borrower, to provide a written statement confirming the current status and key terms of an agreement, such as a lease or loan, upon request. This certification may include details like the amount of rent paid, the existence of any defaults, or confirmation that no amendments have been made to the agreement. The primary function of this clause is to provide third parties, such as potential buyers or lenders, with reliable information about the agreement, thereby facilitating transactions and reducing the risk of disputes over the agreement’s terms or status.
Estoppel Certifications. Tenant hereby certifies and represents to Lender as provided below.
(a) The Lease constitutes the entire agreement between Landlord and Tenant relating to the premises and the Property.
(b) The Lease is in full force and effect, and has not been amended, modified, or assigned by Tenant, either orally or in writing.
(c) No payments to become due under the Lease have been paid more than one (1) month in advance of the due date.
(d) Tenant has no present claim, offset or defense under the Lease, and Tenant has no knowledge of any uncured breach or default by Landlord or Tenant under the Lease or of any event or condition which, with the giving of notice or the passage of time or both, would constitute a breach or default under the lease.
(e) Tenant has no knowledge of any prior sale, transfer, assignment, hypothecation or pledge of Landlord's interest under the Lease or of the rents due under the Lease.
(f) Except as otherwise provided in the Lease, Tenant has made no agreements with Landlord concerning free rent, partial rent, rebate of rental payments, setoff, or any other type of rental concession.
Estoppel Certifications. Promptly at the Landlord's reasonable request, Tenant shall furnish to Landlord (or as the Landlord may direct) Tenant's written and duly signed certification that this Lease is in full force and effect without amendment (or with such changes as may then be effective, which shall be stated in the certificate), any defense, offset, or counterclaim against rent-payment or other obligations hereunder which Tenant may have; the dates to which rent and other charges have been paid; and that neither Landlord nor Tenant is in default under this Lease (or specifying any default of either party in detail in the certificate). Any prospective purchaser or mortgagee may rely on such certifications. Promptly at Tenant's reasonable request, Landlord will furnish to Tenant (or as the Tenant may direct) Landlord's written and duly signed certification that this Lease is in full force and effect without amendment (or with such changes as may then be effective, which shall be stated in the certificate), any defense, offset, counterclaim or other obligations hereunder which Landlord may have, the dates to which rent and other charges have been paid, and that neither the Landlord nor the Tenant is in default under this Lease (or specifying any default of either party in detail in the certificate). Any prospective purchaser or mortgagee may rely on such certifications.
Estoppel Certifications. Lessee hereby acknowledges and certifies to Lessor that: (a) as of the First Amendment Effective Date, Lessor is not in default under the Lease and Lessor has fully performed all of its obligations and responsibilities under the Lease, and Lessor is not in default of the Lease; (b) there is no existing sublease of the Premises or any part thereof and Lessee has not assigned the Lease or any right or interest therein, either directly or indirectly; (c) Lessee has received no notice and has no knowledge of any violation of any law, ordinance or regulation pertaining to the Premises; (d) Lessee has paid in full for any labor and materials provided to improve, alter, repair or modify the Premises, and no right of lien has been claimed or asserted against Lessee or the Premises in regard to any such work authorized by Lessee; (e) the Lease is not amended, either orally or in writing or by course of conduct or otherwise; (f) Lessee has expended no monies for which it claims any right of offset or abatement under the Lease; and (g) Lessee’s current sole address for notice and/or billing under the Lease is: 2700 Research Forest Dr., ▇▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, Attn: ▇▇▇▇ ▇▇▇, with a copy notice to Palermo ▇▇▇▇, Commercial Real Estate Advisors, 10200 ▇▇▇▇▇▇’▇ Mill Road, Suite 550, The Woodlands, Texas 77380, Attn: ▇▇▇▇▇ ▇▇▇▇▇▇▇. But for these acknowledgements and certifications of Lessee, Lessor would not enter into this First Amendment.
Estoppel Certifications. Purchaser acknowledges and agrees that Seller has satisfied the Tenant Estoppel Condition and hereby waives any right to terminate the Agreement as provided in Section 7(c) of the Agreement.
Estoppel Certifications. On and as of the date hereof, Lessee hereby states and certifies to Lessor the following:
(A) The Existing Lease and this Second Amendment have been duly authorized and executed by Lessee and are in full force and effect. There have been no amendments, modifications or revisions to the Lease, and there are no agreements of any kind between Lessor and Lessee, regarding the Premises, except as provided in the Existing Lease and this Second Amendment. Lessee has no (a) option to extend the term of the Lease, (b) option to expand the Premises, or (c) any option or right of first refusal to purchase the Premises or any part thereof.
Estoppel Certifications. Tenant agrees, at any time and from time to time, upon not less than fifteen (15) days prior written notice by Landlord, to execute, acknowledge, and deliver to Landlord a statement in writing (i) certifying that this Lease is unmodified and in full force and effect, or if there have been modifications, that the Lease is in full force and affect as modified and stating the modification(s), (ii) stating the dates to which the rent and other charges hereunder have been paid by Tenant, (iii) stating whether or not to the best actual knowledge of Tenant, Landlord is in default in the performance of any covenant, agreement or condition contained in this Lease, and, if so, specifying each such default of which Tenant may have actual knowledge, and (iv) stating the address to which notices to Tenant should be sent. Any such statement delivered pursuant hereto may be relied upon by any owner of the building, any prospective purchaser of the building, any mortgagee or prospective mortgagee of the building or of Landlord’s interest, or any prospective assignee of any such mortgage.
Estoppel Certifications. Tenant hereby certifies to Lender as provided below.
7.1 The Lease constitutes the entire agreement between Landlord and Tenant relating to the Property.
7.2 The Lease is in full force and effect, and has not been amended, modified, or assigned by Tenant.
7.3 Tenant has no present claim, offset or defense under the Lease, and Tenant has no knowledge of any uncured default by Landlord under the Lease.
7.4 Tenant has no knowledge of any prior sale, transfer, assignment, hypothecation or pledge of Landlord’s interest under the Lease or of the rents due under the Lease.
7.5 Except as otherwise provided in the Lease, Tenant has made no agreements with Landlord concerning free rent, partial rent, rebate of rental payments, setoff, or any other type of rental concession.
7.6 Except as set out in the Lease, Tenant has no options or rights of first refusal with respect to acquiring the Property.
Estoppel Certifications. With the understanding that ▇▇▇▇▇▇ will rely upon the statements and representations made herein, Tenant hereby certifies to Lender, its successors and assigns, that as of the date hereof: (a) the Lease is in full force and effect and is the valid and binding obligation of Tenant, enforceable in accordance with its terms; (b) neither Tenant nor, to Tenant’s knowledge, Landlord is in default under the Lease and, to Tenant’s knowledge, no event has occurred and no condition exists, which with the giving of notice, the passage of time, or both, would constitute a default by Tenant or Landlord under the Lease; (c) there are, to the best of Tenant’s knowledge, no defenses, counterclaims or offsets against rents or charges due or which may become due under the Lease; and (d) the Lease sets forth all of the agreements and understandings between Landlord and Tenant with respect to the Leased Premises and Tenant has not assigned, sublet or otherwise transferred its interest under the Lease.