Common use of OFFSET STATEMENT Clause in Contracts

OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises and/or all or any portion(s) of the Landlord's Property by Landlord an offset statement shall be required by Tenant; Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 4 contracts

Samples: Lease Agreement (Arrowhead Research Corp), Lease Agreement (Third Wave Technologies Inc /Wi), Lease Agreement (Third Wave Technologies Inc /Wi)

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OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises and/or all or any portion(s) of the Landlord's ’s Property by Landlord an offset statement shall be required by Tenant; Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Cellular Dynamics International, Inc.), Lease Agreement (Exact Sciences Corp)

OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises and/or all or any portion(s) of the Landlord's Property by Landlord an offset statement shall be required by Tenant; Tenant agrees agrees, upon request by Landlord or any proposed mortgagee or purchaser, to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 2 contracts

Samples: Lease Agreement (Mentor Corp /Mn/), Lease Agreement (Mentor Corp /Mn/)

OFFSET STATEMENT. Within ten (10) days after request therefor therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises leased premises and/or all or any portion(s) of the land thereunder by Landlord's Property by Landlord , an offset statement shall be required by from Tenant; Tenant agrees to deliver delivery in recordable form form, a certificate to any proposed mortgagee mortgages or purchaser, or to Landlord, certifying (if such be the case) that this Lease lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Lease Agreement (United Bancshares Inc /Pa)

OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Demised Premises and/or all or any portion(s) of the Landlord's Property land thereunder by Landlord an offset statement shall be required by from Tenant; Tenant agrees to deliver deliver, in recordable form form, a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Office Lease Agreement (Multimedia Access Corp)

OFFSET STATEMENT. Within ten (10) days after request therefor therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Demised Premises and/or all or any portion(s) the land or building of the which they are a part by Landlord's Property by Landlord , an offset statement shall be required by from Tenant; , Tenant agrees hereby to deliver in recordable form a certificate Certificate to any proposed mortgagee or purchaser, purchaser or to Landlord, Landlord certifying (if such be the case) that this Lease Agreement is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Twin Cities Power Holdings, LLC)

OFFSET STATEMENT. Within ten thirty (1030) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises and/or all or any portion(s) of the land thereunder by Landlord's Property by Landlord , an offset or estoppel statement shall be required by from Tenant; , Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Commercial Building Lease (Bard Holding, Inc.)

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OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises and/or all or any portion(s) of the Landlord's Property by Landlord an offset statement shall be required by Tenant; Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this thus Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Third Wave Technologies Inc /Wi)

OFFSET STATEMENT. Within ten (10ten(10) days after request therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises Premises, the Access Tract, and/or all or any portion(s) of the land thereunder by Landlord's Property by Landlord , an offset statement shall be required by from Tenant; , Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Lease (Isle of Capri Casinos Inc)

OFFSET STATEMENT. Within ten (10) days after request therefor therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises Property and/or all or any portion(s) of the Land thereunder by Landlord's Property by Landlord , an offset statement shall be required by from Tenant; Tenant agrees to deliver in recordable form a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.)

Appears in 1 contract

Samples: Office Building Lease Agreement (Mindspring Enterprises Inc)

OFFSET STATEMENT. Within ten With twenty (1020) days after request therefor therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Leased Premises leased premises and/or all or any portion(s) of the land there under by Landlord's Property by Landlord , an offset statement shall be required by from Tenant; , Tenant agrees to deliver deliver, in recordable form form, a certificate to any proposed mortgagee or purchaser, or to Landlord, certifying (if such be the case) that this Lease lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by Tenant.

Appears in 1 contract

Samples: Lease Agreement (Vision Bancshares Inc)

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