Common use of Landlord’s Assignment Clause in Contracts

Landlord’s Assignment. Landlord may sell, transfer, mortgage, encumber or assign the Project or this Lease. Within ten (10) days after request by Landlord, upon such sale, transfer, mortgage, encumbrances or assignment, by Landlord, Tenant shall execute, acknowledge and deliver a certificate ("Estoppel Certificate") in recordable form certifying: the capacity of the person executing such certificate and that such person is duly authorized to execute it on behalf of Tenant; the commencement date of this Lease and the date upon which the Term expires; that this Lease is unmodified and in full force and effect (or if modified, in full force and effect as modified); that, to the best of Tenant's knowledge, Landlord is not in default thereunder, that there are no defenses or offsets thereto known to Tenant (if such be the case); and the date to which Rent has been paid.

Appears in 2 contracts

Samples: Lease (GTC Telecom Corp), Lease (GTC Telecom Corp)

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Landlord’s Assignment. Landlord may sell, transfer, mortgage, encumber or assign the Project or this Lease. Within ten (10) days after request by Landlord, upon such sale, transfer, mortgage, encumbrances or assignment, by Landlord, Tenant shall execute, acknowledge and deliver a certificate ("Estoppel Certificate") in recordable form certifying: the capacity of the person executing such certificate and that such person is duly authorized to execute it on behalf of Tenant; the commencement date of this Lease and the date upon which the Term expires; that this Lease is unmodified and in full force and effect (or if modified, in full force and effect as modified); that, to the best of Tenant's knowledge, that Landlord is not in default thereunder, that there are no defenses or offsets thereto known to Tenant (if such be the case); and the date to which Rent has been paid.

Appears in 2 contracts

Samples: Lease (GTC Telecom Corp), Lease (GTC Telecom Corp)

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Landlord’s Assignment. Landlord may sell, transfer, mortgage, encumber or assign the Project or this Lease. Within ten (10) days after request by Landlord, upon such sale, transfer, mortgage, encumbrances or assignment, by Landlord, Tenant shall execute, acknowledge and deliver a certificate ("Estoppel Certificate") in recordable form certifying: the capacity of the person executing such certificate and that such person is duly authorized to execute it on behalf of Tenant; the commencement date of this Lease and the date upon which the Term expires; that this Lease is unmodified and in full force and effect (or if modified, in full force and effect as modified); that, to the best of Tenant's knowledge, that Landlord is not in default thereunder, that there are no defenses or offsets thereto known know to Tenant (if such be the case); and the date to which Rent has been paid.

Appears in 1 contract

Samples: Lease (Genesis Media Group Inc /De/)

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