Common use of Consents and Estoppels Clause in Contracts

Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord pursuant to the Ground Lease; (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed Debt; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXX; and (E) consents or waivers in form reasonably satisfactory to Buyer from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents. Notwithstanding the reference to the forms attached as Exhibits I, J, K and O, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX which is the subject of the estoppel has not been modified or amended in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX unless, as to any such default, if such default is capable of cure, Seller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord pursuant to the Ground LeaseIntentionally Omitted; (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed DebtIntentionally Omitted; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXXCOREA; and (E) consents or waivers in form reasonably satisfactory to Buyer Xxxxx from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K and O, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, documents lease or XXXXX COREA which is the subject of the estoppel has not been modified or amended amxxxxx in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX COREA unless, as to any such default, if such default is capable of curecuxx, Seller Xeller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I K from the Landlord pursuant to the Ground LeaseLender; (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed Debt; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O P from all tenants listed on Schedule 8.2 8.2(a)(iv) (the "Anchor Tenants") and ); (DC) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXX; and (ED) consents or waivers in form reasonably satisfactory to Buyer from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K and OP, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels estoppel shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX which is the subject of the estoppel has not been modified or amended in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity Seller (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX unless, as to any such default, if such default is capable of cure, Seller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, expense which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord RDA pursuant to the Ground RDA Lease; (B) a duly executed Estoppel Certificate in the form attached hereto as Exhibit K I from the holder(s) of lessor under the Assumed DebtFood Court Lease; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") Intentionally Omitted and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXX; and (E) consents or waivers in form reasonably satisfactory to Buyer from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K I and O, J if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX which is the subject of the estoppel has not been modified or amended in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX unless, as to any such default, if such default is capable of cure, Seller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord pursuant to the Ground Lease; (intentionally omitted), (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed Debt; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXXCOREA; and (E) consents or waivers in form reasonably satisfactory to Buyer Xxxxx from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K and O, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX COREA which is the subject of the estoppel has not been modified or amended amxxxxx in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX COREA unless, as to any such default, if such default is capable of curecuxx, Seller Xeller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord pursuant to the Ground Lease; (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed DebtIntentionally Omitted; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXX; and (E) consents or waivers in form reasonably satisfactory to Buyer from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K and O, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX which is the subject of the estoppel has not been modified or amended in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX unless, as to any such default, if such default is capable of cure, Seller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

Consents and Estoppels. Buyer shall have received the following: (A) a duly executed Estoppel Certificate in the form attached as Exhibit I from the Landlord pursuant to the Ground Leaseintentionally omitted; (B) a duly executed Estoppel Certificate in the form attached as Exhibit K from the holder(s) of the Assumed Debtintentionally omitted; (C) duly executed Estoppel Certificates substantially in the form attached as Exhibit O from all tenants listed on Schedule 8.2 (the "Anchor Tenants") and (D) duly executed Estoppel Certificates substantially in the form attached as Exhibit J from the parties to any XXXXX; and (E) consents or waivers in form reasonably satisfactory to Buyer from the parties to the documents identified on Schedules 10.3(a) and 10.3(b) including the Lender's agreement that Buyer meets the qualifications for the one-time transfer right in the Assumed Debt Loan Documents). Notwithstanding the reference to the forms attached as Exhibits I, J, K and O, if the party from whom the estoppel is sought submits an estoppel in the form customarily used by such party, then the fact that the referenced form is not used shall not, in itself, cause such estoppel to fail to satisfy this condition, provided that such estoppels shall, at a minimum, confirm that the Ground Lease, loan documents, lease or XXXXX which is the subject of the estoppel has not been modified or amended in any material respect other than as heretofore disclosed by Seller to Buyer and, that there is no material default by Owner Entity (or its Affiliates) or such party pursuant to such Ground Lease, loan documents, lease or XXXXX unless, as to any such default, if such default is capable of cure, Seller agrees with Buyer prior to Closing to promptly remedy the same at Seller's sole cost and expense, which obligation shall survive Closing.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Pennsylvania Real Estate Investment Trust)

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