Common use of OFFSET STATEMENT Clause in Contracts

OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or if, in connection with any sale, assignment or hypothecation by Landlord of Landlord's interest in the Premises, the Building and/or the Project, or any part thereof, an offset statement or estoppel certificate shall be required from Tenant, Tenant shall complete, execute and deliver a certificate in the form attached hereto as Exhibit F or in such other form as requested by Landlord to any proposed mortgagee or purchaser, and to Landlord, certifying (if such be the case) (i) that this Lease is in full force and effect without modification; (ii) the date of Tenant's most recent payment of Rent, (iii) the amount of the Security Deposit; (iv) that Tenant has no defenses or offsets outstanding, or stating those claimed by Tenant; and (v) any other information contained in such Exhibit E or reasonably requested by Landlord or such proposed mortgagee or purchaser. Tenant's failure to deliver said statement within said period shall, at Landlord's option, be an Event of Default hereunder and shall in any event be conclusive upon Tenant that: (i) this Lease is in full force and effect, without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance and Tenant has no right to offset, counterclaim or deduction against Rent hereunder; (iii) no more than one month's Base Rent has been paid in advance; and (iv) the Security Deposit is as stated in the Lease.

OFFSET STATEMENT. Within ten (10) days after request therefor by Landlord, or if, in connection with any sale, assignment or hypothecation by Landlord of Landlord's interest in the Premises, the Building and/or the Project, or any part thereof, an offset statement or estoppel certificate shall be required from Tenant, Tenant shall complete, execute and deliver a certificate in the form attached hereto as Exhibit F or in such other form as requested by Landlord to any proposed mortgagee or purchaser, and to Landlord, certifying (if such be the case) (i) that this Lease is in full force and effect without modification; (ii) the date of Tenant's most recent payment of Rent, (iii) the amount of the Security Deposit; (iv) that Tenant has no defenses or offsets outstanding, or stating those claimed by Tenant; and (v) any other information contained in such Exhibit E F or reasonably requested by Landlord or such proposed mortgagee or purchaser. Tenant's failure to deliver said statement within said period shall, at Landlord's option, be an Event of Default hereunder and shall in any event be conclusive upon Tenant that: (i) this Lease is in full force and effect, without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance and Tenant has no right to offset, counterclaim or deduction against Rent hereunder; (iii) no more than one month's Base Rent has been paid in advance; and (iv) the Security Deposit is as stated in the Lease.

OFFSET STATEMENT. Within ten twenty (1020) days after request therefor by Landlord, its agents, successors or if, in connection with any sale, assignment or hypothecation by Landlord of Landlord's interest in the Premises, the Building and/or the Project, or any part thereof, an offset statement or estoppel certificate shall be required from Tenantassigns, Tenant shall completedeliver, execute and deliver in recordable form, a certificate in the form attached hereto as Exhibit F or in such other form as requested by Landlord to any proposed mortgagee or purchaser, and or to Landlord, certifying (together with a true and correct copy of this Lease, certifying, if such be the case) applicable (i) that this Lease is in full force and effect effect, without modification; , (ii) the date amount, if any, of Tenant's most recent payment of Rentprepaid rent and security deposit paid by Tenant to Landlord, (iii) that Landlord to the amount best of Tenant's knowledge, as of the Security Deposit; (iv) date of the certificate, has performed all of its obligations due to be performed under this Lease and that Tenant has there are no defenses defenses, counterclaims, deductions or offsets outstanding, or other excuses for Tenant's performance under this Lease, or stating those claimed by Tenant; , and (viv) any other information contained in such Exhibit E or fact reasonably requested by Landlord or such proposed mortgagee or purchaser, which does not modify or conflict with Tenant's rights under this Lease. Tenant's failure to deliver said statement within said period shall, at Landlord's option, be an Event of Default hereunder and in time shall in any event be conclusive upon Tenant thatTenant: (ia) that this Lease is in full force and effect, without modification except as may be represented by Landlord; , (iib) that there are no uncured defaults in Landlord's performance and Tenant has no right to of offset, counterclaim defenses or deduction against Rent or Landlord hereunder; and (iiic) that no more than one monthperiod's Base Rent has been paid in advance; and (iv) the Security Deposit is as stated in the Lease.

OFFSET STATEMENT. Within ten (10) 20 days after request therefor by Landlord, its agents, successors or if, in connection with any sale, assignment or hypothecation by Landlord of Landlord's interest in the Premises, the Building and/or the Project, or any part thereof, an offset statement or estoppel certificate shall be required from Tenantassigns, Tenant shall completedeliver, execute and deliver in recordable form, a certificate in the form attached hereto as Exhibit F or in such other form as requested by Landlord to any proposed mortgagee or purchaser, and or to Landlord, certifying together with a true and correct copy of this Lease, certifying, if applicable: (if such be the casea) (i) that this Lease is in full force and effect effect, without modification; (iib) the amount, if any, of prepaid Rent and security deposit paid by Tenant to Landlord; (c) that Landlord, as of the date of Tenant's most recent payment the certificate, has performed all of Rentits obligations due to be performed under this Lease and that there are no defenses, (iii) the amount of the Security Deposit; (iv) that Tenant has no defenses counterclaims, deductions or offsets outstanding, or other excuses for Tenant's performance under this Lease, or stating those claimed by Tenant; and (vd) any other information contained in such Exhibit E or fact reasonably requested by Landlord or such proposed mortgagee or purchaser, which does not modify or conflict with Tenant's rights under this Lease. Tenant's failure to deliver said statement within said period shall, at Landlord's option, be an Event of Default hereunder and in time shall in any event be conclusive upon Tenant thatTenant: (ia) that this Lease is in full force and effect, without modification except as may be represented by Landlord; (iib) that there are no uncured defaults in Landlord's performance and Tenant has no right to of offset, counterclaim defenses or deduction against Rent or Landlord hereunder; and (iiic) that no more than one month's Base Rent has been paid in advance; and (iv) the Security Deposit is as stated in the Lease.

OFFSET STATEMENT. Within ten (10l0) days after request therefor by Landlord, or if, in connection with any sale, assignment or hypothecation by Landlord of Landlord's interest in the Premises, the Building and/or the Project, or any part thereof, an offset statement or estoppel certificate shall be required from Tenant, Tenant shall complete, execute and deliver a certificate in the form attached hereto as Exhibit F G or in such other form as requested by Landlord to any proposed mortgagee or purchaser, and to Landlord, certifying (if such be the case) (i) that this Lease is in full force and effect without modification; (ii) the date of Tenant's most recent payment of Rent, (iii) the amount of the Security Deposit; (iv) that Tenant has no defenses or offsets outstanding, or stating those claimed by Tenant; and (v) any other information contained in such Exhibit E G or reasonably requested by Landlord or such proposed mortgagee or purchaser. Tenant's failure to deliver said statement within said period shall, at Landlord's option, be an Event of Default hereunder and shall in any event be conclusive upon Tenant that: (i) this Lease is in full force and effect, without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance and Tenant has no right to offset, counterclaim or deduction against Rent hereunder; (iii) no more than one month's Base Rent has been paid in advance; and (iv) the Security Deposit is as stated in the Lease.