Properties information Clause Samples
The 'Properties information' clause requires the disclosure of relevant details about a property involved in a transaction or agreement. Typically, this clause outlines the type of information that must be provided, such as the property's physical condition, legal status, encumbrances, or any known defects. By mandating the sharing of accurate property information, this clause helps ensure transparency between parties and reduces the risk of disputes arising from undisclosed issues.
Properties information. The Borrower shall supply to the Agent, within 60 days after the end of each Accounting Quarter, a report setting out:
(a) the average occupancy rate, the average rental rate and the weighted average lease maturity profile of the Retail Properties as at the end of that quarterly period;
(b) details of the top 20 tenants of the Retail Properties for that period, including:
(i) the rental for each such unit for that Accounting Quarter;
(ii) the aggregate net lettable area of such units; and
(iii) the lease expiry of each relevant Occupational Lease; and
(c) the aggregate amount of tenancy proceeds and service charges received for all tenanted units in the Retail Properties for that period.
Properties information. The Borrower shall supply to the Facility Agent in sufficient copies for all the Lenders:
(a) no later than five (5) Business Days before each Interest Payment Date at the latest a written report in respect of the capital expenditure and development of the Properties (containing in particular, but not limited to, the report, contractor, description, budget, timeline, cost overrun and completion status for the immediately preceding ending calendar quarter);
(b) no later than ten (10) Business Days after each Interest Payment Date occurring on the 30th of June of each calendar year at the latest an Annual Management Report for the immediately preceding ending calendar year (PROVIDED THAT where the information to be provided in the relevant section has not changed since the last Annual Management Report delivered to the Facility Agent, the relevant section may state "no change");
(c) no later than ten (10) Business Days after each anniversary of the Initial Utilisation Date at the latest, a Market Valuation, except for the full Market Valuation to be supplied by the Borrower to the Facility Agent no later than ten (10) Business Days before the 30 March 2013;
(d) no later than five (5) Business Days after the sending of a default notice to a Tenant, even if waived by the Borrower or remedied by the respective Tenant and of any amount due by any of the Tenants or any other tenant, a copy of such default notice; and
(e) promptly, any other information in respect of the Properties available to the Borrower or any occupational tenant of any part of the Properties and any guarantor or surety of any such occupational tenant, insurances and such other information as the Facility Agent may reasonably request.
Properties information. The Borrower shall:
(a) to the extent that the Retail Properties are subject to the Security Documents, within 30 days after the end of each Accounting Quarter (beginning with the first full Accounting Quarter falling after the Operating Commencement Date), provide to the Agent the following information (in form and substance reasonably satisfactory to the Agent) in respect of that quarterly period, a schedule of the existing occupational tenants of the Retail Properties showing for each tenant the rent, service charge, goods and services tax and any other payments payable (and, separately, paid) in that period by each of those tenants, the duration of its tenancy and the date of expiry of its tenancy;
(b) notify the Agent of any potential purchaser of the Properties; and
(c) promptly provide to the Agent such other information about the Properties, as the Agent may reasonably request from time to time.