Common use of Periodic Estoppel Certificates Clause in Contracts

Periodic Estoppel Certificates. Sublessee will, within ten (10) Business Days after receipt of written notice from Sublessor (which will not occur more often than four (4) times in any calendar year), execute, acknowledge and deliver to Sublessor a written statement as to each of the following: (i) certifying that this Agreement is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying that this Agreement, as so modified, is in full force and effect) and the date to which the Rent and other charges are paid in advance, if any; (ii) acknowledging that there are not, to Sublessee's knowledge, any uncured defaults on the part of Sublessor hereunder, or specifying such defaults if there are any claimed by Sublessee; and (iii) acknowledging that Sublessee has no claims against Sublessor by reason of the condition of the Aircraft as of the Delivery Date or arising subsequent thereto to the date of such statement. If Sublessee does not deliver such statement within such time-limit, the statements set forth in this Clause 12.4 will be deemed correct and binding upon Sublessee.

Periodic Estoppel Certificates. Sublessee will, within ten (10) Business Days after receipt of written notice from Sublessor (which will not occur more often than four (4) times in any calendar year), execute, acknowledge and deliver to Sublessor a written statement as to each of the following: (i) 13.4.1 certifying that this Agreement is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying that this Agreement, as so modified, is in full force and effect) and the date to which the Rent and other charges are paid in advance, if any;. (ii) 13.4.2 acknowledging that there are not, to Sublessee's knowledge, any uncured defaults on the part of Sublessor hereunder, or specifying such defaults if there are any claimed by Sublessee; and. (iii) 13.4.3 acknowledging that Sublessee has no claims against Sublessor by reason of the condition of the Aircraft as of the Delivery Date or arising subsequent thereto to the date of such statement. If Sublessee does not deliver such statement within such time-limittimeframe, the statements set forth in this Clause 12.4 13.4 will be deemed correct and binding upon Sublessee.