Ground Lessor Estoppel. (a) Each Seller, as applicable, shall prepare and deliver to each Ground Lessor an estoppel certificate in the form of Exhibit C attached hereto (the “Ground Lessor Estoppel”) and request each such Ground Lessor to execute and deliver the Ground Lessor Estoppel to such Seller. Each Seller shall use commercially reasonable efforts to obtain the prompt return of the executed Ground Lessor Estoppels in substantially the same form as Exhibit C attached hereto from each Ground Lessor, without the obligation to make any payments or grant any concessions under the Ground Leases. If a Ground Lessor returns an executed Ground Lessor Estoppel to such Seller (or objects thereto), such Seller shall promptly deliver to the Buyer, or make available on such Seller’s transaction website, a copy of such executed Ground Lessor Estoppel following such Seller’s receipt of such Ground Lessor Estoppel.
Ground Lessor Estoppel. Purchaser shall have received an executed estoppel certificate (the “Ground Lessor Estoppel”) from the current Lessor under the Ground Lease dated no more than thirty (30) days prior to Closing. The Ground Lessor Estoppel shall be in a form reasonably acceptable to Purchaser.
Ground Lessor Estoppel. Provided Buyer has timely provided the information necessary to obtain an estoppel from and provided this Agreement has not been terminated as specifically set forth in this Agreement and Buyer is performing its obligations as set forth herein, Seller shall use commercially reasonable efforts after the End of the Inspection Period to obtain and deliver to Buyer, no later than three (3) business days prior to the Closing Date, an estoppel certificate (i) on a commercially reasonable form provided by Buyer with Buyer’s information completed therein within five (5) business days from the Effective Date or, (ii) to the extent Buyer fails to deliver such form to Seller within five (5) business of the Effective Date, then in such form attached hereto as Exhibit “K” (the applicable form hereinafter referred to as the “Ground Lessor Estoppel”). For purposes of this Agreement, the "Ground Lease Estoppel Requirement" shall be receipt by Buyer of the Ground Lessor Estoppel duly executed by the Ground Lessor under the Ground Lease, such estoppel to be dated not more than thirty (30) days prior to Closing. Seller’s failure to satisfy the conditions set forth in this Section 4.1.6 shall not constitute a Seller default hereunder. If the foregoing condition is not satisfied on or before the Closing Date, then Buyer may elect, as its sole remedy by written notice given to Seller on or before the Closing, to either (i) terminate this Agreement, whereupon the Xxxxxxx Money Deposit shall be returned to Buyer, or (ii) waive such condition whereupon the transaction shall proceed to the scheduled Closing. Seller may extend the Closing Date one (1) time, for up to ten (10) days, to satisfy the Ground Lease Estoppel Requirement. To the extent the Closing is extended pursuant to the terms of this Agreement or by mutual agreement of Buyer and Seller, Buyer agrees to accept the Ground Lessor Estoppel dated more than thirty (30) days prior to the extended Closing Date and shall not require Seller to obtain a new Ground Lessor Estoppel dated within thirty (30) days of such extended Closing Date. Notwithstanding anything to the contrary, Buyer shall have no right to terminate this Agreement and receive a return of the Xxxxxxx Money Deposit as a result of a failure of this Buyer’s condition in the event Buyer fails to timely deliver to Seller on or before five (5) business days following the Effective Date the Buyer’s information (e.g. name of Buyer’s entity) to reference in the Ground L...
Ground Lessor Estoppel. The lessor (or its agent) under the Ground Lease shall have delivered a certificate in form and substance satisfactory to the Title Company, confirming that there are no defaults thereunder as of the Closing Date and otherwise sufficient to allow the Title Company to issue the Title Policy in the form required pursuant to this Agreement (the "Ground Lease Estoppel") and/or the Ground Lease Transfer Requirement shall have otherwise been satisfied; and
Ground Lessor Estoppel. The lessor (or its agent) under the Ground Lease shall have delivered the Ground Lease Estoppel or the Ground Lease Transfer Requirement shall have otherwise been satisfied; and
Ground Lessor Estoppel. Borrower shall have delivered, or cause to be delivered, to Lender a ground lessor estoppel from the Ground Lessor in form and substance acceptable to Lender (the "Ground Lessor Estoppel").
Ground Lessor Estoppel. Lender shall have received an executed estoppel letter from the lessor under each Ground Lease, which shall be in form and substance satisfactory to Lender in its Discretion.
Ground Lessor Estoppel. The Cousins Parties will deliver to Acquisition at or prior to Closing an estoppel certificate executed by the lessor under the Ground Leases in a form reasonably acceptable to Acquisition (the "Ground Lessor Estoppel") dated no earlier than thirty (30) days prior to Closing. The Ground Lessor Estoppel must not indicate any 20222881v11 material defaults or material discrepancies from information set forth in the Ground Leases or the Cousins' Express Representations and Warranties.
Ground Lessor Estoppel. Receipt of a consent and estoppel (the ---------------------- "Ground Lessor Estoppel") from each of the ground lessors under the Ground Lease in substantially the form of Exhibit T hereto. ---------
Ground Lessor Estoppel. An estoppel from the Ground Lessor substantially in the form of Exhibit L attached hereto.
