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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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SCHEDULEI(B) <br />201400400 <br />CERTIFICATE AND AGREEMENT REGARDING BENEFICIAL DOCUMENTS <br />THIS Certificate and Agreement (this "Certificate ") is delivered by <br />, a ( "Tenant "), pursuant to Section 30(b) of Part II of <br />that certain Lease dated as of , 20_, by and between <br />as Landlord (herein so called), and Tenant (the "Lease "). <br />Tenant has received, prepared or had prepared a [description of Beneficial <br />Document], a copy of which is attached hereto (the "Instrument "), which may be filed of record <br />with respect to the Premises (as defined in the Lease), and Tenant does hereby request that <br />Landlord and Lender (as defined in the Lease) consent to, execute, acknowledge and deliver the <br />Instrument, [and that Lender subordinate its Mortgage (as defined in the Lease) and other loan <br />documents to the Instrument or, in connection with any conveyance of any portion of the <br />Premises, that Lender release its Mortgage with respect to the portion of the Premises that is the <br />subject of such conveyance]. In order to induce Landlord and Lender to take such actions, and <br />with the understanding that Landlord and Lender will rely on the matters set forth herein, Tenant <br />does hereby represent, warrant and certify to, and agree with for the benefit of Landlord and <br />Lender as follows: <br />1. Tenant hereby consents to the Instrument, and agrees that the Instrument shall <br />constitute a "Matter of Record" as defined in the Lease. <br />2. Tenant hereby represents, warrants, certifies and agrees to and with Landlord and <br />Lender that: <br />(a) a true, correct and complete copy of the Instrument is attached to this Certificate; <br />(b) the Instrument does not adversely affect the value of the Premises in a material <br />way (or does not reduce the fair market value of Landlord's interest in the <br />Premises by an amount greater than the amount of the consideration being paid to <br />Landlord for such Instrument); provided, however, if the credit rating of the <br />Guarantor is lower than Moody's Baa3 or S &P's BBB -, attached hereto is a letter <br />from a qualified appraiser confirming the provisions of this Section (b); <br />(c) the Instrument will not unreasonably render the use of the Premises dependent <br />upon any other property or unreasonably condition the use of the Premises upon <br />the use of any other property; <br />(d) the Instrument does not materially impair Tenant's use or operation of the <br />Premises and is not detrimental in any material respect to the proper conduct of <br />Tenant's business on the Premises; <br />
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