Common use of Quarterly Property Statements Clause in Contracts

Quarterly Property Statements. As soon as available, and in any event within sixty (60) days after each of the first three Calendar Quarters, a statement of income and expenses of each Mortgaged Property in such Collateral Pool prepared in accordance with GAAP and accompanied by a certificate of an authorized representative of each Borrower, each IDOT Guarantor and each Guarantor reasonably acceptable to Lender to the effect that each such statement of income and expenses fairly, accurately and completely presents the operations of each such Mortgaged Property for the period indicated.

Quarterly Property Statements. As soon as available, and in any event within sixty forty five (6045) days after each of the first three Calendar QuartersQuarter, a statement of income and expenses of each Mortgaged Property in such Collateral Pool prepared in accordance with GAAP and accompanied by a certificate of an authorized representative of each Borrower, each IDOT Guarantor and each Guarantor the applicable Borrower reasonably acceptable to Lender to the effect that each such statement of income and expenses fairly, accurately and completely presents the operations of each such Mortgaged Property for the period indicated.;

Quarterly Property Statements. As soon as available, and in any event within sixty forty five (6045) days after each of the first three Calendar QuartersQuarter, a statement of income and expenses of each Mortgaged Property in such Collateral Pool prepared in accordance with GAAP and accompanied by a certificate of an authorized representative of each Borrower, each IDOT Guarantor and each Guarantor Borrower reasonably acceptable to Lender to the effect that each such statement of income and expenses fairly, accurately and completely presents presents, in all material respects, the operations of each such Mortgaged Property for the period indicated.;