Common use of STATEMENT OF PERFORMANCE Clause in Contracts

STATEMENT OF PERFORMANCE. Tenant agrees at any time upon not less than 10 days' notice to execute and deliver to Landlord a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified stating the modifications); that there have been no defaults by Landlord or Tenant (or, if there have been defaults, setting forth the nature thereof); the date to which Rent has been paid in advance and such other information as Landlord requests. Such statement may be relied upon by a prospective purchaser of Landlord's interest or Mortgagee. Tenant's failure to timely deliver such statement is conclusive upon Tenant that: (i) this Lease is in full force and effect without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance; and (iii) not more than 1 month's Rent has been paid in advance. Upon request, Tenant will furnish Landlord an appropriate resolution confirming that the party signing the statement is authorized to do so.

Appears in 4 contracts

Samples: Office Lease (Kroll Inc), Office Lease (Telecom Wireless Corp/Co), Office Lease (Factual Data Corp)

AutoNDA by SimpleDocs

STATEMENT OF PERFORMANCE. Tenant agrees at any time and from time to time, upon not less than 10 ten (10) days' notice prior written request by Landlord, to execute execute, acknowledge, and deliver to Landlord a written statement in writing certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified and stating the modifications); , that there have been no defaults thereunder by Landlord or Tenant (or, if there have been defaults, setting forth the nature thereof); , the date to which Rent has the rent and other charges have been paid in advance advance, if any, and such other information as Landlord requestsmay request. Such It is intended that any such statement delivered pursuant to this Paragraph may be relied upon by a any prospective purchaser of all or any portion of Landlord's interest herein or Mortgageea holder of any mortgage or deed of trust encumbering the Building Complex. Tenant's failure to timely deliver such statement is within such time shall be conclusive upon Tenant that: (i) this Lease is in full force and effect effect, without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance; and (iii) not more than 1 one (1) month's Rent rent has been paid in advance. Upon Further, upon request, Tenant will furnish supply to Landlord an appropriate resolution confirming a corporate or partnership resolution, as the case may be, certifying that the party signing the said statement of Tenant is properly authorized to do so.

Appears in 2 contracts

Samples: Lease (Firstworld Communications Inc), Exactis Com Inc

AutoNDA by SimpleDocs

STATEMENT OF PERFORMANCE. Tenant Xxxxxx agrees at any time upon not less than 10 days' notice to execute and deliver to Landlord a written statement certifying that this Lease is unmodified and in full force and effect (or, if there have been modifications, that the same is in full force and effect as modified stating the modifications); that there have been no defaults by Landlord or Tenant (or, if there have been defaults, setting forth the nature thereof); the date to which Rent has been paid in advance and such other information as Landlord requests. Such statement may be relied upon by a prospective purchaser of Landlord's interest or Mortgagee. Tenant's failure to timely deliver such statement is conclusive upon Tenant that: (i) this Lease is in full force and effect without modification except as may be represented by Landlord; (ii) there are no uncured defaults in Landlord's performance; and (iii) not more than 1 month's Rent has been paid in advance. Upon request, Tenant will furnish Landlord an appropriate resolution confirming that the party signing the statement is authorized to do so.

Appears in 1 contract

Samples: Lease Agreement (Telecom Wireless Corp/Co)

Time is Money Join Law Insider Premium to draft better contracts faster.