Representations to Leases Sample Clauses

Representations to Leases. Grantor hereby represents and warrants that: (i) each Tenant under a non-residential Lease has entered into occupancy of the demised premises; and (ii) Grantor has delivered to Beneficiary true, correct and complete copies of all Leases described in the Rent Roll;

Representations to Leases. Borrower hereby represents and warrants that (i) each Tenant under a non-residential Lease has entered into occupancy of the demised premises; and (ii) Borrower has delivered to Lender true, correct and complete copies of all Leases described in the Rent Roll.

Representations to Leases. Mortgagor hereby represents and warrants as follows: (i) Mortgagor has delivered a true, correct and complete schedule (the "Rent Roll") of all Leases affecting the Property as of the date hereof, which accurately and completely sets forth in all material respects for each Lease the following: the name of the Tenant, the Lease expiration date, extension and renewal provisions, the base rent payable, the security deposit held thereunder and any other material provisions of such Lease; (ii) Each Lease constitutes the legal, valid and binding obligation of Mortgagor and, to the best of Mortgagor's knowledge and belief, is enforceable against the Tenant thereof. No default exists, or with the passing of time or the giving of notice or both would exist, under any Lease which would, in the aggregate, have a material adverse effect on Mortgagor or the Property; (iii) No Tenant under any Lease has, as of the date hereof, paid rent more than one (1) month in advance, and the rents under such Leases have not been waived, released, or otherwise discharged or compromised; (iv) All work to be performed by Mortgagor under the Leases has been substantially performed, all contributions to be made by Mortgagor to the Tenants thereunder have been made and all other conditions precedent to each such tenant's obligations thereunder have been satisfied; (v) Such Tenant under a Lease has entered into occupancy of the demised premises; (vi) Mortgagor has delivered to Mortgagee true, correct and complete copies of all Leases described in the Rent Roll; (vii) To the best of Mortgagor's knowledge and belief, each Tenant is free from bankruptcy, reorganization or arrangement proceedings or a general assignment for the benefit of creditors; and (viii) No Lease provides any party with the right to obtain a lien or encumbrance upon the Property superior to the lien of this Mortgage.