Common use of Providing Operating Budgets and Operating Statements Clause in Contracts

Providing Operating Budgets and Operating Statements. Borrower shall deliver to Agent within sixty (60) days after the end of each fiscal quarter, except for quarters ending December 31, for which such statements shall be delivered within one hundred twenty (120) days of each December 31 (or, upon Agent's request, within thirty (30) days after the end of the applicable month, and not more frequently than once per calendar month), a Borrower prepared Operating Statement and rent roll for the Property for the preceding calendar quarter, which shall specifically note all material variations from the current Operating Budget. Borrower shall also deliver to Agent an annual Operating Statement and rent roll for the Property within one hundred twenty (120) days following the end of each fiscal year. All such Operating Statements shall be certified as true, correct and complete by Borrower.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

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Providing Operating Budgets and Operating Statements. Borrower shall deliver to Agent within sixty forty-five (6045) days after the end of each fiscal quarter, quarter (except for the fiscal quarters ending December 31, for which such statements shall be delivered within one hundred twenty (120) days of each December 31 31) (or, upon Agent's written request, within thirty (30) days after the end of the applicable month, and not more frequently than once per calendar month), a Borrower prepared Operating Statement and rent roll for the each Property for the preceding calendar quarter, which shall specifically note all material variations from the such Property's current Operating Budget. Borrower shall also deliver to Agent an annual Operating Statement and rent roll for the each Property within one hundred twenty (120) days following the end of each fiscal year. All such Operating Statements shall be certified as true, correct and complete by Borrower.

Appears in 1 contract

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

Providing Operating Budgets and Operating Statements. Borrower shall deliver to Agent within sixty forty-five (6045) days after the end of each fiscal quarter, calendar quarter (except for the fiscal quarters ending December 31, for which such statements shall be delivered within one hundred twenty (120) days of each December 31 31) (or, upon Agent's written request, within thirty (30) days after the end of the applicable month, and not more frequently than once per calendar month), a Borrower Borrower-prepared Operating Statement and rent roll and operating statement for the each Property for the preceding calendar quarter, which Operating Statement shall specifically note all material variations from the such Property's current Operating Budget. Borrower shall also deliver to Agent an annual Operating Statement and Statement, rent roll and Operating Budget for the each Property within one hundred twenty (120) days following the end of each fiscal year. All such Operating Statements shall be certified as true, correct and complete by Borrower.

Appears in 1 contract

Samples: Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Providing Operating Budgets and Operating Statements. Borrower shall deliver to Agent within sixty forty-five (6045) days after the end of each fiscal quarter, except for quarters ending December 31, for which such statements shall be delivered within one hundred twenty (120) days of each December 31 quarter (or, upon Agent's written request, within thirty (30) days after the end of the applicable month, and not more frequently than once per calendar month), a Borrower prepared Operating Statement and rent roll for the each Property for the preceding calendar quarter, which shall specifically note all material variations from the such Property's current Operating Budget. Borrower shall also deliver to Agent an annual Operating Statement and rent roll for the each Property within one hundred twenty (120) days following the end of each fiscal year. All such Operating Statements shall be certified as true, correct and complete by Borrower.

Appears in 1 contract

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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Providing Operating Budgets and Operating Statements. Borrower Borrowers shall deliver to Agent within sixty forty-five (6045) days after the end of each fiscal calendar quarter, except for quarters ending December 31, for which such statements shall be delivered within one hundred twenty (120) days of each December 31 (or, upon Agent's ’s written request, within thirty (30) days after the end of the applicable month, and not more frequently than once per calendar month), a Borrower prepared rent roll and then current Operating Statement and rent roll for the each Property for the preceding calendar quarter, which Operating Statement shall specifically note all material variations from the such Property’s current Operating Budget. Borrower shall also deliver to Agent an annual Operating Statement and Statement, rent roll and then current Operating Budget for the each Property within one hundred twenty (120) days following the end of each fiscal calendar year. All such Operating Statements shall be certified as true, correct and complete by BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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