Status Statements Sample Clauses
A Status Statements clause defines the current state or condition of certain facts, assets, or obligations as they exist at the time the contract is executed. Typically, this clause is used to confirm that specific representations—such as ownership of property, compliance with laws, or absence of legal disputes—are accurate and up-to-date. By requiring parties to formally declare these facts, the clause helps ensure transparency and reduces the risk of misunderstandings or misrepresentations that could affect the agreement.
Status Statements. Any Party (the “Requesting Party”) may, at any time, and from time to time, deliver written notice to any other Party requesting such other Party (the “Providing Party”) to provide in writing that, to the knowledge of the Providing Party, (a) this Agreement is in full force and effect and a binding obligation of the Parties, (b) this Agreement has not been amended or modified either orally or in writing, and if so amended, identifying the amendments, and (c) the Requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults (a “Status Statement”). A Providing Party receiving a request hereunder shall execute and return such Status Statement within fifteen (15) days following the receipt thereof. The City Manager or designee shall have the right to execute any Status Statement requested by an Owner hereunder. The City acknowledges that a Status Statement hereunder may be relied upon by transferees and mortgagees. The City shall have no liability for monetary damages to an Owner, transferee or mortgagee, or any other person in connection with, resulting from or based upon the issuance of any Status Statement hereunder.
Status Statements. Within ten (10) days after each request by the Landlord, the Tenant will deliver to the Landlord, on a form supplied by the Landlord, a status statement or certificate addressed to any proposed Mortgagee, purchaser or other disposee of part or all of the Building and to the Landlord, stating details of the tenancy and confirming as correct specific information pertaining to the tenancy such as, by way of example:
(a) that this Lease is in full force and effect, except only for any modifications that are set out in the statement certificate;
(b) the commencement and expiry dates of this Lease;
(c) that the Tenant is in possession of the Premises and is paying Rent as provided in this Lease;
(d) the date to which Rent has been paid under this Lease and the amount of any prepaid Rent or any deposits held by the Landlord;
(e) whether there are any set-offs, defenses or counterclaims against enforcement of the Tenant’s obligations under this Lease;
(f) that there is not, any uncured default on the part of the Landlord, or, if there is a default, the certificate will state the particulars;
(g) that the Premises are free from any construction deficiencies or, if there are any. the certificate will state the particulars);
(h) with reasonable particularity, details concerning the Tenant’s financial standing and corporate organization as the Landlord or the Mortgagee may reasonably require; and
(i) any other information or statement that a proposed Mortgagee, purchaser or disposee may reasonably require. Any such statement may be relied upon by any prospective transferee or Mortgagee of all or any portion of the Building or any assignee of any such Person.
Status Statements. Any Party may, at any time, and from time to time, deliver written request to any other Party requesting that such other Party provide in writing that, to the knowledge of such other Party: (i) this Agreement is in full force and effect and a binding obligation of the Parties; (ii) this Agreement has not been amended or modified, and if so amended, identifying the amendments; and (iii) the requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults. A Party receiving a request hereunder shall execute and return such statement within a reasonable time following the receipt thereof. City acknowledges that such statement hereunder may be relied upon by transferees and mortgagees. City shall have no liability for monetary damages to Master ▇▇▇▇▇▇▇▇▇, and transferee or mortgagee, or any other person in connection with, resulting from or based upon the issuance of any statement hereunder.
Status Statements. Each Party shall, upon not less than twenty (20) days prior request by the other Party, execute and deliver a certificate stating, to the best of its knowledge, information and belief, whether this Agreement is modified or unmodified (and if modified, stating the modifications), the commencement date and expiry date of this Agreement, whether this Agreement is in full force and effect, whether the Party giving such certificate knows of any default by the other Party, and any other information regarding this Agreement as may be reasonably requested by the requesting Party.
Status Statements. If landlord so requests, from time to time, Tenant shall sign 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 such modifications are as set forth in said certificate and are in full force and effect). Said certificate shall also state that Tenant has accepted and occupied the Premises; Tenant has not paid rent in advance; Tenant is not aware of any prior assignment of this Lease by Landlord; Tenant has no monetary or other claims against Landlord under this Lease; the amount of monthly Base Rent and Other charges then due hereunder; and the date to which such rent and other charges have been paid.
Status Statements. Any Party (the “Requesting Party”) may, at any time, and from time to time, deliver written notice to any other Party requesting such other Party (the “Providing Party”) to provide in writing that, to the knowledge of the Providing Party, (a) this Agreement is in full force and effect and a binding obligation of the Parties, (b) this Agreement has not been amended or modified, and if so amended, identifying the amendments, (c) the Requesting Party is not in default in the performance of its obligations under this Agreement, or if in default, to describe therein the nature and amount of any such defaults, and (d) any other matter reasonably requested (a “Status Statement”). A Party receiving a request hereunder shall execute and return such Status Statement within fifteen (15) business days following the receipt thereof. The City Manager (or his or her designee) shall have the right to execute any Status Statement requested by Eagle Shadow hereunder. The City acknowledges that a Status Statement hereunder may be relied upon by transferees and mortgagees; provided, however, the City shall have no liability for monetary damages to Eagle Shadow, or any transferee or mortgagee, or to any other person in connection with, resulting from or based upon the good faith provision of any Status Statement by the City.