Common use of OFFSET STATEMENT Clause in Contracts

OFFSET STATEMENT. Within ten (10) days after request therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Premises or the land or building of which they are a part by Landlord, an offset statement shall be required from Tenant, Tenant agrees hereby to deliver in recordable form a Certificate to any proposed mortgagee or purchaser or to Landlord certifying (if such be the case) that this 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)

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OFFSET STATEMENT. Within ten With twenty (1020) days after request therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Premises or leased premises and/or the land or building of which they are a part there under by Landlord, an offset statement shall be required from Tenant, Tenant agrees hereby to deliver deliver, in recordable form form, a Certificate certificate to any proposed mortgagee or purchaser purchaser, or to Landlord Landlord, certifying (if such be the case) that this Agreement 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)

OFFSET STATEMENT. Within ten (10) days after request therefore by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Premises or Property and/or the land or building of which they are a part Land thereunder by Landlord, an offset statement shall be required 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 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: Office Building Lease Agreement (Mindspring Enterprises Inc)

OFFSET STATEMENT. Within ten thirty (1030) days after request therefore therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Leased Premises or and/or the land or building of which they are a part thereunder by Landlord, an offset or estoppel statement shall be required 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 Agreement 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 (Bard Holding, Inc.)

OFFSET STATEMENT. Within ten (10) days after request therefore therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Premises or and/or the land or building of which they are a part thereunder by Landlord, Landlord an offset statement shall be required from Tenant, ; Tenant agrees hereby to deliver deliver, in recordable form form, a Certificate certificate to any proposed mortgagee or purchaser purchaser, or to Landlord Landlord, certifying (if such be the case) that this Agreement 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 (Multimedia Access Corp)

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OFFSET STATEMENT. Within ten (10ten(10) days after request therefore therefor by Landlord, or in the event that upon any sale, assignment or hypothecation of the Demised Premises or Leased Premises, the Access Tract, and/or the land or building of which they are a part thereunder by Landlord, an offset statement shall be required 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 Agreement 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: Agreement Lease (Isle of Capri Casinos Inc)

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

Appears in 1 contract

Samples: Lease Agreement (United Bancshares Inc /Pa)

OFFSET STATEMENT. Within ten (10) days after request therefore by Landlord, Landlord or in the event that upon any sale, assignment or hypothecation mortgage of the Demised Premises or the land or building of which they are a part by Landlord, an offset statement shall be required from TenantLeased Premises, Tenant agrees hereby shall execute and deliver to deliver in recordable form a Certificate Landlord or to any proposed mortgagee or purchaser or to Landlord certifying a certificate in recordable form stating (if such be the case) that this Agreement 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 (Cti Group Holdings Inc)

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