Common use of RELIANCE BY LANDLORD Clause in Contracts

RELIANCE BY LANDLORD. As of the date of executing this Lease, the Premises consist of unimproved real property. Landlord intends to proceed with construction of the Premises in reliance upon Tenant's covenants, obligations and representations contained in this Lease. Tenant hereby acknowledges and accepts Landlord's reliance in this regard. As additional consideration from Tenant to Landlord, Tenant hereby agrees to provide updated business financial statements and tax returns not less frequently than annually.

Appears in 2 contracts

Samples: Lease Agreement (Bi Inc), Agreement of Understanding (Bi Inc)

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RELIANCE BY LANDLORD. As of the date of executing this Lease, the Premises consist of unimproved real property. Landlord intends to proceed with construction of the Premises in reliance upon Tenant's covenants, obligations and representations contained in this Lease. Tenant hereby acknowledges and accepts Landlord's reliance in this regard. As additional consideration from Tenant to Landlord, Tenant hereby agrees to provide updated business financial statements and tax returns not less frequently than annually. Said statements to be supplied to Landlord within ninety days of end of Tenant's fiscal year.

Appears in 2 contracts

Samples: Lease Agreement (Chaparral Network Storage Inc), Lease Agreement (Chaparral Network Storage Inc)

RELIANCE BY LANDLORD. As of the date of executing this Lease, the Premises consist of unimproved real property. Landlord intends to proceed with construction of the Premises in reliance upon Tenant's covenants, obligations and representations contained in this Lease. Tenant hereby acknowledges and accepts Landlord's reliance in this regard. As additional consideration from Tenant to Landlord, Tenant hereby agrees to provide updated business financial statements and tax returns not less frequently than annually.. LANDLORD:

Appears in 1 contract

Samples: Lease Agreement (Bi Inc)

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RELIANCE BY LANDLORD. As of the date of executing this Lease, the Premises consist of unimproved real property. Landlord intends to shall proceed with construction of the Building and Premises in reliance upon Tenant's ’s covenants, obligations and representations contained in this Lease. Tenant hereby acknowledges and accepts Landlord's ’s reliance in this regard. As additional consideration from Tenant to Landlord, Tenant hereby agrees to provide provide, after proper written notice from Landlord, updated business financial statements and tax returns not less frequently than annuallythen available to the general public.

Appears in 1 contract

Samples: Lease Agreement (Inverness Medical Innovations Inc)

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