Examples of Closing Rent Roll in a sentence
All of the Resident Agreements identified on the Rent Roll are currently in full force and effect as of the date of the Rent Roll or the Closing Rent Roll, as applicable.
The Closing Rent Roll constitutes a true, correct, and complete in all material respects list of each and every Lease, and accurately and completely discloses in all material respects all annual and monthly rents payable by all Tenants under Leases.
No Seller is in default under any of its obligations under any Resident Agreement, except where such default would not have a material adverse effect on the Assets of such Seller or the Business conducted by such Seller, and, except as set forth on the Rent Roll (or the Closing Rent Roll, as defined in Section 10.2(m), as applicable), no Seller has any knowledge of any material default on the part of any other party thereto.
All changes shown on the Closing Rent Roll to the facts and circumstances shown on the Rent Roll must be reasonably satisfactory to Lender.
At Closing, Seller shall renew and reaffirm the representations and warranties contained in this Section 6.21 and as to an updated rent roll (the "Closing Rent Roll") pursuant to a Certification of Rent Roll and Tenant Lease Status, in the form attached hereto as Exhibit F.
Seller represents that each of the Initial Rent Roll and the Closing Rent Roll will be substantially accurate as of the date set forth thereon.
Any delinquent rent shall be shown on all Rent Rolls and the Closing Rent Roll (as of the respective date of such rent rolls) provided by Seller pursuant to the terms hereof.
To Borrower’s knowledge, no tenant listed on the Closing Rent Roll has assigned its Lease or sublet all or any portion of the premises demised thereby, no such tenant holds its leased premises under assignment or sublease, nor does anyone except such tenant and its employees occupy such leased premises, except as disclosed by Borrower to Lender in writing or in the estoppel certificates delivered to Lender in connection with the closing of the Loan.
There is no material adverse change in the aggregate between the First Rent Roll and Closing Rent Roll (hereafter defined) other than leases approved pursuant to Section 8.2.4.
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