Common use of Tenant Estoppel Clause in Contracts

Tenant Estoppel. Tenant hereby represents and warrants to Agent that as of the date hereof (i) Tenant is the owner and holder of the lessee's interest under the Leases, (ii) none of the Leases have been modified or amended, (iii) each of the Leases is in full force and effect, (iv) Tenant has taken possession of the Premises on a rent-paying basis, (v) to the best of Tenant's knowledge and belief, neither Tenant nor Landlord is in default under any of the terms, covenants or provisions of any of the Leases, and (vi) neither Tenant nor, to the best of Tenant's knowledge and belief, Landlord has commenced any action or given or received any notice for the purposes of terminating any of the Leases.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Equity Inns Inc), Secured Revolving Credit Agreement (Equity Inns Inc)

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Tenant Estoppel. Tenant hereby represents and warrants to Agent that as of the date hereof (i) Tenant is the owner and holder of the lessee's interest under the Leases, (ii) none of the Leases have been modified or amended, (iii) each of the Leases is in full force and effect, (iv) Tenant has taken possession of the Premises on a rent-rent- paying basis, (v) to the best of Tenant's knowledge and belief, neither Tenant nor Landlord is in default under any of the terms, covenants or provisions of any of the Leases, and (vi) neither Tenant nor, to the best of Tenant's knowledge and belief, Landlord has commenced any action or given or received any notice for the purposes of terminating any of the Leases.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Equity Inns Inc)

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