Common use of Current Status Clause in Contracts

Current Status. Landlord and Assignor represent and warrant to Assignee that, to the best of their respective knowledge, as of the date of this Agreement there are no uncured defaults under the Lease and no events have occurred which, with the passage of time, would constitute a default thereunder. Landlord shall provide Assignee with concurrent copies of any default notices delivered to Assignor under the Lease from and after the date of this Agreement. Landlord and Assignor further acknowledge that Assignor is liable to cure all tenant defaults occurring prior to the Effective Date.