Common use of Delivery of Estoppel Certificates Clause in Contracts

Delivery of Estoppel Certificates. Any Requesting Party may request that the Certifying Party execute an undated estoppel certificate; such request shall contain the Requesting Party’s expected date on which the estoppel certificate will be dated. If the Requesting Party makes such request, then in place of delivering the undated estoppel certificate to the Requesting Party or any Third Party, the Certifying Party shall deliver the undated estoppel certificate to the Requesting Party’s escrow agent, who shall hold the undated estoppel certificate in accordance with the following provisions. If the Certifying Party gives notice to the Requesting Party’s escrow agent that the estoppel certificate is no longer correct, then the Requesting Party’s escrow agent shall return the estoppel certificate to the Certifying Party, who shall, within five (5) business days, execute a corrected undated estoppel certificate and redeliver it to the Requesting Party’s escrow agent. At any time when the Requesting Party’s escrow agent is holding an undated estoppel certificate and has not received notice from the Certifying Party that such estoppel certificate is incorrect, the Requesting Party shall be entitled to instruct its escrow agent to date the estoppel certificate as of the then-current date and deliver it to the Requesting Party or a Third Party. The Requesting Party’s escrow agent shall promptly comply with such request. The Requesting Party shall be entitled to designate any title insurance company or abstract company licensed in the state of Mississippi to take the actions to be taken by the Requesting Party’s escrow agent pursuant to this paragraph. If requested by the Requesting Party’s escrow agent or such title insurance company or abstract company, the Requesting Party and the Certifying Party shall enter into an escrow agreement, on customary terms, to further implement the provisions of this paragraph.

Delivery of Estoppel Certificates. Any Requesting Party may request that the Certifying Party execute an undated estoppel certificate; such request shall contain the Requesting Party’s expected date on which the estoppel certificate will be datedEstoppel Certificate. If the Requesting Party makes such request, then in place of delivering the undated estoppel certificate Estoppel Certificate to the Requesting Party or any Third Party, the Certifying Party shall deliver the undated estoppel certificate Estoppel Certificate to the Requesting Party’s escrow agentattorneys, who shall hold the undated estoppel certificate Estoppel Certificate in accordance with the following provisions. If the Certifying Party gives notice Notice to the Requesting Party’s escrow agent attorneys that the estoppel certificate Estoppel Certificate is no longer correct, then the Requesting Party’s escrow agent attorneys shall return the estoppel certificate Estoppel Certificate to the Certifying Party, who shall, shall within five (5) business days, Business Days execute a corrected undated estoppel certificate Estoppel Certificate and redeliver it to the Requesting Party’s escrow agentattorneys. At any time when the Requesting Party’s escrow agent is attorneys are holding an undated estoppel certificate Estoppel Certificate and has have not received notice from the Certifying Party that such estoppel certificate Estoppel Certificate is incorrect, the Requesting Party shall be entitled to instruct its escrow agent attorneys to date the estoppel certificate Estoppel Certificate as of the then-current date and deliver it to the Requesting Party or a Third Party. The Requesting Party’s escrow agent attorneys shall promptly comply with such request. The Requesting Party shall be entitled to designate any title insurance company or abstract company licensed in the state of Mississippi State to take the actions to be taken by the Requesting Party’s escrow agent attorneys pursuant to this paragraph. If requested by the Requesting Party’s escrow agent attorneys or such title insurance company or abstract company, the Requesting Party and the Certifying Party shall enter into an escrow agreement, on customary terms, to further implement the provisions of this paragraphSection 32.03.

Delivery of Estoppel Certificates. Any Requesting Party may request that the Certifying Party execute an undated estoppel certificate; such request shall contain the Requesting Party’s expected date on which the estoppel certificate will be datedEstoppel Certificate. If the Requesting Party makes such request, then in place of delivering the undated estoppel certificate Estoppel Certificate to the Requesting Party or any Third Party, the Certifying Party shall deliver the undated estoppel certificate Estoppel Certificate to the Requesting Party’s escrow agent's attorneys, who shall hold the undated estoppel certificate Estoppel Certificate in accordance with the following provisions. If the Certifying Party gives notice Notice to the Requesting Party’s escrow agent 's attorneys that the estoppel certificate Estoppel Certificate is no longer correct, then the Requesting Party’s escrow agent 's attorneys shall return the estoppel certificate Estoppel Certificate to the Certifying Party, who shall, shall within five (5) business days, Business Days execute a corrected undated estoppel certificate Estoppel Certificate and redeliver it to the Requesting Party’s escrow agent's attorneys. At any time when the Requesting Party’s escrow agent is 's attorneys are holding an undated estoppel certificate Estoppel Certificate and has have not received notice from the Certifying Party that such estoppel certificate Estoppel Certificate is incorrect, the Requesting Party shall be entitled to instruct its escrow agent attorneys to date the estoppel certificate Estoppel Certificate as of the then-current date and deliver it to the Requesting Party or a Third Party. The Requesting Party’s escrow agent 's attorneys shall promptly comply with such request. The Requesting Party shall be entitled to designate any title insurance company or abstract company licensed in the state of Mississippi State to take the actions to be taken by the Requesting Party’s escrow agent 's attorneys pursuant to this paragraph. If requested by the Requesting Party’s escrow agent 's attorneys or such title insurance company or abstract company, the Requesting Party and the Certifying Party shall enter into an escrow agreement, on customary terms, to further implement the provisions of this paragraphSection 32.03.