Common use of STATEMENT OF LEASE Clause in Contracts

STATEMENT OF LEASE. Buyer shall have received not later than five days prior to the Closing Date, an executed statement of lease (the "STATEMENT") from tenant in the form which tenant is required to provide pursuant to the terms of the Lease. The Statement shall be dated no earlier than thirty (30) days prior to the initially scheduled Closing Date and shall be substantially in the form of Exhibit K attached hereto and incorporated herein by this reference. The Statement shall be executed by the Contracting Officer (as defined in the Lease) in the form of a letter stating that: (i) the Lease is in full force and effect, (ii) the date to which the rent and other charges have been paid in advance, if any, and (iii) whether any notice of default has been issued. The Statement shall be subject to the following conditions: (i) that the Statement is based solely on a reasonably diligent review of the Contracting Officer's lease file as of the date of issuance, (ii) that the Government (as defined in the Lease) shall not be held liable because of any defect in or condition of the premises or building, (iii) that the Contracting Officer does not warrant or represent that the premises or building comply with applicable Federal, State and local law and (iv) that the Lessor (as defined in the Lease) and any prospective purchaser, including Buyer, are deemed to have constructive notice of such facts as would be ascertainable by reasonable pre-purchase and pre-commitment inspection of the premises and building and by inquiry to appropriate Federal, State and local government officials.