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(d) No Default. The execution by Lessee of this Lease and the consummation <br />by Lessee of the transactions contemplated hereby do not, as of the Commencement Date, result <br />in a breach of any of the terms or provisions of, or constitute a default or condition which upon <br />notice or the lapse of time or both would ripen into default under, the organizational documents <br />of Lessee or under any indenture, agreement, instrument or obligation to which Lessee is a party <br />or is bound. <br />(e) Consents. No permission, approval or consent by third parties or any other <br />governmental authorities is required in order for Lessee to enter into this Lease, make the <br />agreements herein contained or perform the obligations of Lessee hereunder other than those <br />which have been obtained. <br />(f) Proceedings. There are no actions, suits or proceedings pending or, to the <br />actual knowledge of Lessee, without independent investigation, threatened or asserted against <br />Lessee, affecting Lessee at law or at equity or before or by any federal, state, municipal or other <br />governmental department, commission, board, bureau, agency or instrumentality, domestic or <br />foreign. <br />(g) As-Is. UPON COMMENCEMENT OF ITS OPERATIONS 1N TIIE <br />LEASED PREMISES, LESSEE SHALL BE DEEMED TO HAVE ACCEPTED THE LEASED <br />PREMISES IN THEIR THEN EXISTING "AS-IS" CONDITION WITH ALL FAULTS, AND <br />SUBJEC"1' '1'O ALL RECORDED MATTERS, LAWS, ORDINANCF_,S, AND <br />GOVERNMENTAL REGULATIONS AND ORDERS; PROVIDED "1'HA'f, LESSEF'S <br />ACCEPTANCE OF THE LEASED PREMISES SHALL NOT RELIEVE LESSOR FROM <br />ANY MAINTENANCE AND REPAIR OBLIGATIONS SET FORTH IN THIS LEASE. <br />LESSEE ACKNOWLF,DGES THAT LESSOR HAS NOT MADE ANY WARRANTY OR <br />REPRESEN"I'ATION OF ANY KIND, EITHER EXPRESS OR IMPLIED AS TO THE <br />CONDITION OF THE LEASED PREMISES OR THE SUITABILITY OF `1'HE LEASED <br />PREMISES FOR LESSEE'S INTENDED USE, EXCEPT AS EXPRESSLY SET FORTH IN <br />THiS LEASE. COMMENCEMENT OF LESSEE'S OPERATIONS IN THE LEASED <br />PREMISES IS INTENDED BY THE PARTIES TO BE CONCLUSIVE EVIDENCE THAT <br />LESSEE ACCEPTS THE LEASED PREMISES. <br />ARTICLE 12 <br />Miscellaneous <br />12.1 Inspection. Lessee shall permit Lessor and its agents, upon no less than twenty- <br />four (24) hours prior written notice (except in cases where Lessor reasonably believes that a bona <br />fide emergency exists, in which event no prior notice will be needed and no limitation on such <br />entry shall apply), to enter into and upon the Leased Premises during normal business hours for <br />the purpose of inspecting the same on the condition that any such inspection does not <br />unreasonably interfere with Lessee's operations at the Leased Premise <br />I2.2 Estoppel Certificates. Lessee and Lessor shall, at any time and from time to time <br />(but not more frequently than once per Lease Year) upon not less than ten (10) days prior written <br />request by the other Party, execute, acknowledge and deliver to Lessor or Lessee, as the case <br />may be, a statement in writing certifying (a) its ownership of the interest of Lessor or Lessee <br />21 <br />2025904.1 <br />