Common use of Lessee's Financial Condition Clause in Contracts

Lessee's Financial Condition. Within ten (10) days after written request from Lessor, Lessee shall deliver to Lessor such financial statements as are reasonably required by Lessor to verify the net worth of Lessee, or any assignee, or guarantor of Lessee. In addition Lessor shall deliver to any lender designated by Lessor any financial statements required by such lender to facilitate the financing or refinancing of the leased premises. Lessee represents and warrants to Lessor that each such financial statement is a true, complete, and accurate statement as of the date of such statement. All financial statements shall be confidential and shall be used only for the purposes set forth herein.

Appears in 2 contracts

Samples: Lease Agreement (Mathstar Inc), Basic Lease Terms (Allstar Systems Inc)

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Lessee's Financial Condition. Within ten (10) days after written request from Lessor, Lessee shall deliver to Lessor such financial statements as are reasonably required by Lessor to verify the net worth of Lessee, or any assignee, or guarantor of Lessee. In addition Lessor shall deliver to any lender designated by Lessor any financial statements required by such lender to facilitate the financing or refinancing of the leased premises. Lessee represents and warrants to Lessor that each such financial statement is a true, complete, and accurate statement as of the date of such statement. All financial statements shall be confidential and shall be used only for the purposes set forth herein.the

Appears in 1 contract

Samples: Lease Agreement (Intelect Communications Systems LTD)

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Lessee's Financial Condition. Within ten (10) days after written request from Lessor, Lessee shall deliver to Lessor such financial statements as are reasonably required by Lessor to verify the net worth of Lessee, or any assignee, or guarantor of Lessee. In addition Lessor shall deliver to any lender designated by Lessor any financial statements required by such lender to facilitate the financing or refinancing of the leased premises. Lessee represents and warrants to Lessor that each such financial statement is a true, complete, and accurate statement as of the date of such statement. All financial statements shall be confidential and shall be used only for the purposes set forth herein. Notwithstanding the foregoing, Lessee shall not be required to deliver financial statements to Lessor more than one time in any calendar year.

Appears in 1 contract

Samples: Lease Agreement (Teraforce Technology Corp)

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