Common use of STATEMENT OF TERMS Clause in Contracts

STATEMENT OF TERMS. The parties conclusively agree that they have received good and valuable consideration for making the following agreements: 3.1 The Commencement Date of the Term of the Lease is , 200 and the Expiration Date of the Term is , 20 , and Articles 4 and 6 of the Basic Lease Provisions are modified accordingly. 3.2 Tenant represents and warrants to Landlord that (i) there exists no default under the Lease either by Tenant or Landlord; and (ii) there exists no offset, defense or counterclaim to Tenant’s obligations under the Lease.

Appears in 2 contracts

Sources: Lease Agreement (Inovio Biomedical Corp), Lease (Vision Sciences Inc /De/)

STATEMENT OF TERMS. The parties conclusively agree that they have received good and valuable consideration for making the following agreements: 3.1 The Commencement Date of the Term of the Lease is ______, 200 200_ and the Expiration Date of the Term is _______-, 20 , 20__ and the Articles 4 and 6 of the Basic Lease Provisions are modified accordingly. 3.2 Tenant represents and warrants to Landlord that (i) there exists no default under the Lease either by Tenant or Landlord; and (ii) there exists no offset, defense or counterclaim to Tenant’s 's obligations under the Lease.

Appears in 1 contract

Sources: Short Form Lease (Ivivi Technologies, Inc.)

STATEMENT OF TERMS. The parties conclusively agree that they have received good and valuable consideration for making the following agreements: 3.1 The Commencement Date of the Term of the Lease is , 200 and the Expiration Date of the Term is , 20 , and Articles 4 and 6 of the Basic Lease Provisions are modified accordingly. 3.2 Tenant represents and warrants to Landlord that (i) there exists no default under the Lease either cither by Tenant or Landlord; and (ii) there exists no offset, defense or counterclaim to Tenant’s obligations under the Lease.

Appears in 1 contract

Sources: Short Form Lease (Ophthotech Corp.)