Common use of Foreign Entities Clause in Contracts

Foreign Entities. Tenant represents and warrants to Landlord that the entity(ies) or individual(s) constituting Tenant, or which may own or control Tenant, or which may be owned or controlled by Tenant, or which may be an affiliate of Tenant, are not a Foreign Source, as defined in Section 117 of the Higher Education Act (HEA) of 1965. If, at any time during the Term of this Lease, any such entity(ies) or individual(s) shall be deemed to be a Foreign Source, Tenant shall promptly notify Landlord of such fact and shall provide all relevant information required to be reported by Landlord under the HEA. [NOTE: If Tenant cannot make this representation, please consult with Real Estate Services and Strategies for reporting requirements.]

Appears in 2 contracts

Sources: Lease Agreement, Retail Lease