7.3 SR 03-01-2021 - Laserfiche WebLink

Home Browse Search

of the following by written instrument, duly executed, acknowledged and delivered to any Mortgagee, assignee of a Mortgagee, proposed Mortgagee, or to any purchaser or proposed purchaser of the Premises, the Landlord entity, the Tenant entity, or any portion thereof or interest therein, or to any proposed assignee of Tenant's interests hereunder, or any proposed subtenant (all pursuant to this Lease): (a) 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). (b) The dates to which the Monthly Rent has been paid in advance, if any. (c) Whether or not there are then existing any breaches or defaults by such party or the other party known by such party under any of the covenants, conditions, provisions, terms or agreements of this Lease, and specifying such breach or default, if any, or any claims and set- offs or defenses against the enforcement of any covenant, condition, provision, term or agreement of this Lease upon the part of Landlord or Tenant, as the case may be, to be performed or complied with (and, if so, specifying the same and the steps being taken to remedy the same). (d) That Tenant has accepted the Premises and is in full and complete possession thereof (in the case of Tenant). (e) Such other statements or certificates as reasonably requested. 22.6 Memorandum of Lease. Upon the execution and delivery of this Lease, but subject to the conditions below, the parties hereto agree to execute and deliver to each other a memorandum of lease, in recordable form, setting forth the following: (a) The date of this Lease. (b) The parties to this Lease. (c) The Term. (d) The legal description of the Premises. (e) Such other matters reasonably requested by Landlord or Tenant to be stated therein, as required by law. Notwithstanding the foregoing, Landlord will not be obligated to execute or record a Memorandum of Lease unless and until Tenant: (i) duly executes and acknowledges a Termination of the Memorandum of Lease, in recordable form, duly terminating and releasing the Memorandum of Lease; and (ii) deposits the Termination with a title insurance company designated by Landlord pursuant to the terms of a separate Escrow Instruction Letter in a form reasonably acceptable to Landlord, which requires the title company to automatically release and record the Termination within two (2) business days after being advised by Landlord that the Lease has been terminated or the Term has expired. 36