Consent and Estoppel Certificate Sample Clauses

Consent and Estoppel Certificate. Seller shall obtain and deliver to Purchaser at or prior to Closing a certificate from the lessor under each of Seller's real estate leases, dated during the month in which the Closing occurs, consenting to the assignment of such Lease to Purchaser, certifying (a) that such lease is in good standing and full force and effect in accordance with its terms and has not been modified, (b) the date to which rent and other charges thereunder have been paid, and (c) that there is no default thereunder on the part of any party thereto.
Sample 1
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Consent and Estoppel Certificate. Trustees shall, upon not less than thirty (30) calendar days’ prior written request by Licensee or Licensee’s Lender, execute, acknowledge and deliver to Licensee or to Licensee’s Lender a statement in writing, substantially in the form of the document provided in Rider G, “Trustees Consent and Estoppel Certificate,” with such amendments as may be reasonably requested by Xxxxxx. If the Trustees Consent and Estoppel Certificate is not applicable to the Lender’s financing structure, then Trustees, the Lender and Licensee shall in good faith work to agree upon a consent and estoppel. The consent and estoppel must be in a form and substance agreed to by Trustees, the Lender and Licensee.‌
Sample 1
Consent and Estoppel Certificate. The Sellers shall obtain and deliver to the Purchaser at or prior to Closing a certificate from the lessor under each Company's real estate leases, dated during the month in which the Closing occurs, which (a) grants the consent of the lessor to the assignment (or deemed assignment) of such Lease to the Purchaser or certifies that such consent is not required, (b) certifies that such lease is in good standing and full force and effect in accordance with its terms and has not been modified, (c) certifies that the date to which rent and other charges under such lease have been paid, and (d) certifies that there is no default under such leases on the part of any party to such leases.
Sample 1
Consent and Estoppel Certificate. Seller has obtained and delivered to Buyer a consent and estoppel certificate in form and substance satisfactory to Seller and Buyer from CryoLife whereby CryoLife consents to the assignment of the CryoLife Note and Seller's rights under the CryoLife Documents, and provides certification (i) of the amount outstanding under the CryoLife Note as of the Closing Date, such certification to include an amortization schedule of the CryoLife Note; and (ii) that to CryoLife's knowledge, Seller is not in default under the CryoLife Note and CryoLife Documents, and no basis for a default exists as of the Closing Date.
Sample 1
Consent and Estoppel Certificate. Reference is hereby made to that certain Lease Agreement, dated _______________, between ___________________ (“Landlord”) an Republic Bank & Trust Company (“Tenant”), pursuant to which Tenant leased certain real property located at _______________________, and more particularly described in the Lease (“Leased Premises”). It is our understanding that Tenant shall transfer and assign to Limestone Bank, Inc., a banking corporation (“Assignee”), all of Tenant’s rights and interests as tenant under the Lease and that Assignee shall assume and covenant to and with the Landlord to perform all of the obligations of the tenant under the Lease arising from and after the effective date of the transfer and assignment (the “Assignment”), a copy of which has been provided to Landlord. In connection with the Assignment, Assignee has requested this certification by Landlord, upon which Assignee and Tenant (collectively, “Relying Parties”) will be entitled to rely in connection with the Assignment. Landlord hereby confirms and certifies to the Relying Parties as follows:
Sample 1
Consent and Estoppel Certificate. A consent and estoppel certificate from the landlord of the Leased Facility, certifying certain factual matters relating to the Leases, including without limitation certification that there are no defaults under the Leases and the amounts of security deposits under the Leases, and consenting to the transfer of the Shares to the Purchaser, in form and substance reasonably acceptable to Purchaser and its senior lender, LaSalle National Bank.
Sample 1

Related to Consent and Estoppel Certificate

  • Estoppel Certificate Tenant agrees that from time to time, upon not less than seven (7) days' prior written request by Landlord, Tenant will, and Tenant will cause any subtenant, licensee, concessionaire or other occupant of the Premises to, promptly complete, execute and deliver to Landlord or any party or parties designated by Landlord a statement in writing certifying: (i) that this Lease is unmodified and in full force and effect (or if there have been modifications that the same are in full force and effect as modified and identifying the modifications); (ii) the dates to which the Rent and other charges have been paid; (iii) that the Premises have been unconditionally accepted by the Tenant (or if not, stating with particularity the reasons why the Premises have not been unconditionally accepted); (iv) the amount of any Security Deposit held hereunder; (v) that, so far as the party making the certificate knows, Landlord is not in default under any provisions of this Lease, if such is the case, and if not, identifying all defaults with particularity; and (vi) any other matter reasonable requested by Landlord. Any purchaser or Mortgagee of any interest in the Building shall be entitled to rely on said statement. Failure to give such a statement within seven (7) days after said written request shall be conclusive evidence, upon which Landlord and any such purchaser or Mortgagee shall be entitled to rely that this Lease is in full force and effect and Landlord is not in default and Tenant shall be estopped from asserting against Landlord or any such purchaser or Mortgagee any defaults of Landlord existing at that time but Tenant shall not thereby be relieved of the affirmative obligation to give such statement. Moreover, if Tenant fails to deliver or cause to be delivered such statement within said seven (7) day period, Landlord shall be entitled to collect from Tenant upon demand, as liquidated damages occasioned by such delay and not as a penalty (the actual damages resulting from such delay being impossible to ascertain), a sum equal to one-fifteenth of the Monthly Base Rent for each day, up to fifteen (15) days, after the expiration of said seven (7) day period that Tenant fails to deliver such statement. If such failure persists after such fifteen (15) day period, Landlord shall be entitled to pursue any and all remedies it may have with respect to such Default, including termination of this Lease or Tenant's right to possession and collection of damages, including consequential damages, arising by reason for such Default.

  • Estoppel Certificates Within fifteen (15) days after Landlord’s request, Tenant shall execute, acknowledge and deliver to Landlord a written statement certifying: (i) that none of the terms or provisions of this Lease have been changed (or if they have been changed, stating how); (ii) that this Lease has not been canceled or terminated; (iii) the last date of payment of Base Rent and other charges and the time period covered; (iv) that Landlord is not in default under this Lease (or if Tenant states that Landlord is in default, describing it in reasonable detail); and (v) such other information with respect to Tenant or this Lease as Landlord may reasonably request or which any prospective purchaser or encumbrancer of the Property may require. Landlord may deliver any such statement by Tenant to any such prospective purchaser or encumbrancer, which may rely conclusively upon such statement as true and correct. If Tenant does not deliver such statement to Landlord within such fifteen (15) day period, Landlord, and any such prospective purchaser or encumbrancer, may conclusively presume and rely upon the following facts: (i) that the terms and provisions of this Lease have not been changed except as represented by Landlord; (ii) that this Lease has not been canceled or terminated except as otherwise represented by Landlord; (iii) that not more than one (1) month’s Base Rent or other charges have been paid in advance; and (iv) that Landlord is not in default under this Lease. In such event, Tenant shall be estopped from denying the truth of such facts.

  • FORM OF TENANT’S ESTOPPEL CERTIFICATE The undersigned as Tenant under that certain Lease (the “Lease”) made and entered into as of ___________, 201_ by and between _______________ as Landlord, and the undersigned as Tenant, for Premises on the ______________ floor(s) of the office building located at [INSERT BUILDING ADDRESS], certifies as follows:

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