Status Certificates. Each Party agrees that it will at any time and from time to time upon not less than ten (10) days’ prior notice, execute and deliver to the requesting Party a statement in writing certifying that the Definitive Agreements are unmodified and in full force and effect (or if modified, stating the modifications and stating that the same are in full force and effect as modified), the status of accounts and whether or not there is any existing default on the part of another Party (which may be qualified by knowledge as it relates to defaults by another Party). It is agreed that any such statement delivered pursuant to this Section may be exclusively relied upon by any prospective purchaser or assignee or any lender or trustee for bondholders.
Appears in 2 contracts
Sources: Transfer Agreement, Transfer Agreement