Common use of Leases and Tenants Clause in Contracts

Leases and Tenants. The Leases are valid and are in full force and effect, and are in strict compliance with the requirements set forth in the Credit Agreement. Grantor is not in default under any of the terms thereof. Except as expressly permitted in the Credit Agreement, Grantor has not accepted any Rents in advance of the time the same became due under the Leases and has not forgiven, compromised or discounted any of the Rents. Grantor has title to and the right to assign the Leases and Rents to Beneficiary, and no other assignment of the Leases or Rents has been granted. To the best of Grantor’s knowledge and belief, no tenant or tenants occupying, individually or in the aggregate, more than five percent (5%) of the net rentable area of the Improvements are in default under their Lease(s) or are the subject of any bankruptcy, insolvency or similar proceeding.

Leases and Tenants. The Leases are valid and are in full force and effect, and are in strict compliance with the requirements set forth in the Credit Agreement. Grantor is not in default under any of the terms thereof. Except as expressly permitted in the Credit Loan Agreement, Grantor has not accepted any Rents in advance of the time the same became due under the Leases and has not forgiven, compromised or discounted any of the Rents. Grantor Gxxxxxx has title to and the right to assign the Leases and Rents to Beneficiary, and no other assignment of the Leases or Rents has been granted. To the best of Grantor’s knowledge and belief, no tenant or tenants occupying, individually or in the aggregate, more than five percent (5%) of the net rentable area of the Improvements are in default under their Lease(s) or are the subject of any bankruptcy, insolvency or similar proceeding.

Leases and Tenants. The Leases are valid and are in full force and effect, and are in strict compliance with to the requirements set forth in the Credit Agreement. best of Grantor’s knowledge Grantor is not in default under any of the terms thereof. Except as expressly permitted in the Credit Loan Agreement, Grantor has not accepted any Rents in advance of the time the same became due under the Leases and has not forgiven, compromised or discounted any of the Rents. Grantor has title to and the right to assign the Leases and Rents to Beneficiary, and no other assignment of the Leases or Rents has been granted. To the best of Grantor’s knowledge and belief, no tenant or tenants occupying, individually or in the aggregate, more than five percent (5%) of the net rentable area of the Improvements are in default under their Lease(s) or are the subject of any bankruptcy, insolvency or similar proceeding.. Article IV

Leases and Tenants. The Leases are valid and are in full force and effect, and are in strict compliance with the requirements set forth in the Credit Agreement. Grantor is not in default under any of the terms thereof. Except as expressly permitted in the Credit Loan Agreement, Grantor has not accepted any Rents in advance of the time the same became due under the Leases and has not forgiven, compromised or discounted any of the Rents. Grantor has title to and the right to assign the Leases and Rents to Beneficiary, and no other assignment of the Leases or Rents has been granted. To the best of Grantor’s knowledge and belief, no tenant or tenants occupying, individually or in the aggregate, more than five percent (5%) of the net rentable area of the Improvements are in default under their Lease(s) or are the subject of any bankruptcy, insolvency or similar proceeding.