{"component": "clause", "props": {"groups": [{"samples": [{"hash": "2R4W9ZpIsnR", "uri": "/contracts/2R4W9ZpIsnR#lease-estoppels", "label": "Master Repurchase and Securities Contract Agreement (ACRES Commercial Realty Corp.)", "score": 37.1861738535, "published": true}, {"hash": "17ayGPaOvUB", "uri": "/contracts/17ayGPaOvUB#lease-estoppels", "label": "Master Repurchase and Securities Contract Agreement (ACRES Commercial Realty Corp.)", "score": 37.1861738535, "published": true}, {"hash": "7ktrBUI9vt4", "uri": "/contracts/7ktrBUI9vt4#lease-estoppels", "label": "Master Repurchase and Securities Contract Agreement (ACRES Commercial Realty Corp.)", "score": 36.8466796875, "published": true}], "snippet": "With respect to each Purchased Asset secured by retail, office or industrial properties, Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the rent roll delivered as of the origination date. With respect to each Purchased Asset predominantly secured by a retail, office or industrial property leased to a single tenant, Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Purchased Asset, and to Seller\u2019s knowledge, (i) the related lease is in full force and effect and (ii) there exists no default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to common area maintenance (\u201cCAM\u201d) and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions. With respect to each Purchased Asset predominantly secured by a retail, office or industrial property, Seller has received lease estoppels executed within 90 days of the origination date of the related Purchased Asset that collectively account for at least 65% of the in-place base rent for the Mortgaged Property that secure a Purchased Asset that is represented as of the origination date. To Seller\u2019s knowledge, (i) each lease represented on the rent roll delivered as of the origination date is in full force and effect and (ii) there exists no material default under any such related lease that represents 20% or more of the in-place base rent for the Mortgaged Property either by the lessee thereunder or by the related Mortgagor, subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 38, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "industrial-properties", "type": "definition", "offset": [66, 87]}, {"key": "commercial-tenant", "type": "definition", "offset": [158, 175]}, {"key": "rent-roll", "type": "definition", "offset": [196, 205]}, {"key": "origination-date", "type": "definition", "offset": [226, 242]}, {"key": "property-leased", "type": "clause", "offset": [337, 352]}, {"key": "prior-to-the", "type": "clause", "offset": [453, 465]}, {"key": "date-of", "type": "clause", "offset": [478, 485]}, {"key": "related-purchased-asset", "type": "definition", "offset": [490, 513]}, {"key": "to-seller", "type": "definition", "offset": [519, 528]}, {"key": "related-lease", "type": "definition", "offset": [550, 563]}, {"key": "full-force-and-effect", "type": "definition", "offset": [570, 591]}, {"key": "default-under", "type": "clause", "offset": [617, 630]}, {"key": "by-the-lessee", "type": "clause", "offset": [650, 663]}, {"key": "the-lessor", "type": "definition", "offset": [681, 691]}, {"key": "each-case", "type": "definition", "offset": [704, 713]}, {"key": "of-tenant", "type": "clause", "offset": [741, 750]}, {"key": "common-area-maintenance", "type": "clause", "offset": [785, 808]}, {"key": "of-landlord", "type": "clause", "offset": [858, 869]}, {"key": "compliance-with", "type": "clause", "offset": [872, 887]}, {"key": "base-rent", "type": "definition", "offset": [1188, 1197]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [1202, 1224]}, {"key": "no-material-default", "type": "clause", "offset": [1457, 1476]}], "hash": "846092dae249a0ac156217502fbaae83", "id": 3}, {"samples": [{"hash": "8HEdU8XuAOI", "uri": "/contracts/8HEdU8XuAOI#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (SG Commercial Mortgage Securities, LLC)", "score": 26.3415470123, "published": true}, {"hash": "fiV0zluuH9r", "uri": "/contracts/fiV0zluuH9r#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2014-C25)", "score": 25.9445590973, "published": true}, {"hash": "ejnWUt4PgP2", "uri": "/contracts/ejnWUt4PgP2#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2014-C25)", "score": 25.9445590973, "published": true}], "snippet": "With respect to each Mortgage Loan secured by retail, office or industrial properties, the Mortgage Loan Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Mortgage Loan Seller\u2019s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Mortgage Loan Seller may deem reasonable and appropriate based on Mortgage Loan Seller\u2019s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Mortgage Loan Seller\u2019s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 386, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "loan-secured", "type": "definition", "offset": [30, 42]}, {"key": "industrial-properties", "type": "definition", "offset": [64, 85]}, {"key": "the-mortgage-loan-seller", "type": "clause", "offset": [87, 111]}, {"key": "commercial-tenant", "type": "definition", "offset": [174, 191]}, {"key": "certified-rent-roll", "type": "definition", "offset": [212, 231]}, {"key": "lease-income", "type": "definition", "offset": [273, 285]}, {"key": "property-leased", "type": "clause", "offset": [437, 452]}, {"key": "prior-to-the", "type": "clause", "offset": [571, 583]}, {"key": "date-of", "type": "clause", "offset": [596, 603]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [608, 629]}, {"key": "based-on", "type": "clause", "offset": [713, 721]}, {"key": "in-connection-with", "type": "clause", "offset": [755, 773]}, {"key": "multifamily-loans", "type": "definition", "offset": [816, 833]}, {"key": "full-force-and-effect", "type": "definition", "offset": [971, 992]}, {"key": "default-under", "type": "clause", "offset": [1026, 1039]}, {"key": "by-the-lessee", "type": "clause", "offset": [1059, 1072]}, {"key": "the-lessor", "type": "definition", "offset": [1090, 1100]}, {"key": "each-case", "type": "definition", "offset": [1113, 1122]}, {"key": "of-tenant", "type": "clause", "offset": [1150, 1159]}, {"key": "of-landlord", "type": "clause", "offset": [1239, 1250]}, {"key": "compliance-with", "type": "clause", "offset": [1253, 1268]}], "hash": "4337fcfb62c11bf171bf7ce39a8309cc", "id": 1}, {"samples": [{"hash": "8d8pl2xBSYR", "uri": "/contracts/8d8pl2xBSYR#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (3650R 2022-Pf2 Commercial Mortgage Trust)", "score": 32.9117050171, "published": true}, {"hash": "ftiUdSAxhmK", "uri": "/contracts/ftiUdSAxhmK#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (CSAIL 2021-C20 Commercial Mortgage Trust)", "score": 32.2416152954, "published": true}, {"hash": "J9QCZFSAt6", "uri": "/contracts/J9QCZFSAt6#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (CSAIL 2021-C20 Commercial Mortgage Trust)", "score": 32.2416152954, "published": true}], "snippet": "With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan, and to the Seller\u2019s knowledge based solely on the related estoppel certificate, the related lease is in full force and effect or if not in full force and effect the related space was underwritten as vacant, subject to customary reservations of tenant\u2019s rights, such as, without limitation, with respect to common area maintenance (\u201cCAM\u201d) and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions. With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property, the Seller has received lease estoppels executed within 90 days of the origination date of the related Mortgage Loan that collectively account for at least 65% of the in-place base rent for the Mortgaged Property or set of cross-collateralized properties that secure a Mortgage Loan that is represented on the Certified Rent Roll. To the Seller\u2019s knowledge, each lease represented on the Certified Rent Roll is in full force and effect, subject to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 272, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "each-mortgage-loan", "type": "definition", "offset": [16, 34]}, {"key": "property-leased", "type": "clause", "offset": [91, 106]}, {"key": "prior-to-the", "type": "clause", "offset": [211, 223]}, {"key": "date-of", "type": "clause", "offset": [236, 243]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [248, 269]}, {"key": "to-the-seller", "type": "definition", "offset": [275, 288]}, {"key": "estoppel-certificate", "type": "definition", "offset": [329, 349]}, {"key": "related-lease", "type": "definition", "offset": [355, 368]}, {"key": "full-force-and-effect", "type": "definition", "offset": [375, 396]}, {"key": "subject-to", "type": "definition", "offset": [478, 488]}, {"key": "of-tenant", "type": "clause", "offset": [512, 521]}, {"key": "without-limitation", "type": "clause", "offset": [541, 559]}, {"key": "common-area-maintenance", "type": "clause", "offset": [577, 600]}, {"key": "of-landlord", "type": "clause", "offset": [650, 661]}, {"key": "compliance-with", "type": "clause", "offset": [664, 679]}, {"key": "base-rent", "type": "definition", "offset": [980, 989]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [994, 1016]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [1071, 1086]}, {"key": "certified-rent-roll", "type": "definition", "offset": [1114, 1133]}], "hash": "d7ae9a2b36147e48bb5262652d04d6fb", "id": 2}, {"samples": [{"hash": "atxsdcH4axJ", "uri": "/contracts/atxsdcH4axJ#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11)", "score": 24.364818573, "published": true}, {"hash": "91P0wuFcMoO", "uri": "/contracts/91P0wuFcMoO#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11)", "score": 24.364818573, "published": true}, {"hash": "5JalP9iWd3h", "uri": "/contracts/5JalP9iWd3h#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11)", "score": 24.3511295319, "published": true}], "snippet": "With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan, and to the Seller\u2019s knowledge based solely on the related estoppel certificate, the related lease is in full force and effect or if not in full force and effect the related space was underwritten as vacant, subject to customary reservations of tenant\u2019s rights, such as, without limitation, with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions. With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property, the Seller has received lease estoppels executed within 90 days of the origination date of the related Mortgage Loan that collectively account for at least 65% of the in-place base rent for the Mortgaged Property or set of cross-collateralized properties that secure a Mortgage Loan that is represented on the Certified Rent Roll. To the Seller\u2019s knowledge, each lease represented on the Certified Rent Roll is in full force and effect, subject to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 28, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "each-mortgage-loan", "type": "definition", "offset": [16, 34]}, {"key": "property-leased", "type": "clause", "offset": [91, 106]}, {"key": "prior-to-the", "type": "clause", "offset": [211, 223]}, {"key": "date-of", "type": "clause", "offset": [236, 243]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [248, 269]}, {"key": "to-the-seller", "type": "definition", "offset": [275, 288]}, {"key": "estoppel-certificate", "type": "definition", "offset": [329, 349]}, {"key": "related-lease", "type": "definition", "offset": [355, 368]}, {"key": "full-force-and-effect", "type": "definition", "offset": [375, 396]}, {"key": "subject-to", "type": "definition", "offset": [478, 488]}, {"key": "of-tenant", "type": "clause", "offset": [512, 521]}, {"key": "without-limitation", "type": "clause", "offset": [541, 559]}, {"key": "of-landlord", "type": "clause", "offset": [622, 633]}, {"key": "compliance-with", "type": "clause", "offset": [636, 651]}, {"key": "base-rent", "type": "definition", "offset": [952, 961]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [966, 988]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [1043, 1058]}, {"key": "certified-rent-roll", "type": "definition", "offset": [1086, 1105]}], "hash": "c094907b8306eb70adc921cf1f10b17a", "id": 4}, {"samples": [{"hash": "1DvMq9ipsyi", "uri": "/contracts/1DvMq9ipsyi#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (Benchmark 2023-B38 Mortgage Trust)", "score": 34.3004798889, "published": true}, {"hash": "2AD0p842VqQ", "uri": "/contracts/2AD0p842VqQ#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (Benchmark 2022-B34 Mortgage Trust)", "score": 33.2819976807, "published": true}, {"hash": "dEmmyJdyfb9", "uri": "/contracts/dEmmyJdyfb9#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (Benchmark 2021-B26 Mortgage Trust)", "score": 32.4004096985, "published": true}], "snippet": "With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Mortgage Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan, and to the Mortgage Loan Seller\u2019s knowledge based solely on the related estoppel certificate, the related lease is in full force and effect or if not in full force and effect, the related space was underwritten as vacant, subject to customary reservations of tenant\u2019s rights, such as, without limitation, with respect to common area maintenance (\u201cCAM\u201d) and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions. With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property, the Mortgage Loan Seller has received lease estoppels executed within 90 days of the origination date of the related Mortgage Loan that collectively account for at least 65% of the in-place base rent for the Mortgaged Property or set of cross-collateralized properties that secure a Mortgage Loan that is represented on the Certified Rent Roll. To the Mortgage Loan Seller\u2019s knowledge, each lease represented on the Certified Rent Roll is in full force and effect, subject to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 18, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "each-mortgage-loan", "type": "definition", "offset": [16, 34]}, {"key": "property-leased", "type": "clause", "offset": [91, 106]}, {"key": "the-mortgage-loan-seller", "type": "clause", "offset": [127, 151]}, {"key": "prior-to-the", "type": "clause", "offset": [225, 237]}, {"key": "date-of", "type": "clause", "offset": [250, 257]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [262, 283]}, {"key": "estoppel-certificate", "type": "definition", "offset": [357, 377]}, {"key": "related-lease", "type": "definition", "offset": [383, 396]}, {"key": "full-force-and-effect", "type": "definition", "offset": [403, 424]}, {"key": "subject-to", "type": "definition", "offset": [507, 517]}, {"key": "of-tenant", "type": "clause", "offset": [541, 550]}, {"key": "without-limitation", "type": "clause", "offset": [570, 588]}, {"key": "common-area-maintenance", "type": "clause", "offset": [606, 629]}, {"key": "of-landlord", "type": "clause", "offset": [679, 690]}, {"key": "compliance-with", "type": "clause", "offset": [693, 708]}, {"key": "base-rent", "type": "definition", "offset": [1023, 1032]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [1037, 1059]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [1114, 1129]}, {"key": "certified-rent-roll", "type": "definition", "offset": [1157, 1176]}], "hash": "0ca40e8a98f6128a866cd89812af830e", "id": 5}, {"samples": [{"hash": "iMssJcINpqZ", "uri": "/contracts/iMssJcINpqZ#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2012-C7)", "score": 24.1704311371, "published": true}, {"hash": "fzU0fnbjscu", "uri": "/contracts/fzU0fnbjscu#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2012-C7)", "score": 24.1704311371, "published": true}, {"hash": "bEtJ0LZgD2Z", "uri": "/contracts/bEtJ0LZgD2Z#lease-estoppels", "label": "Mortgage Loan Purchase Agreement (WFRBS Commercial Mortgage Trust 2012-C7)", "score": 24.1704311371, "published": true}], "snippet": "With respect to each Mortgage Loan secured by retail, office or industrial properties, the Loan Seller requested the related Borrower to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from the Loan Seller\u2019s underwriting). With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Loan Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan (or such longer period as Loan Seller may deem reasonable and appropriate based on Loan Seller\u2019s practices in connection with the origination of similar commercial and multifamily loans intended for securitization), and to Loan Seller\u2019s knowledge, based solely on the related estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 12, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "loan-secured", "type": "definition", "offset": [30, 42]}, {"key": "industrial-properties", "type": "definition", "offset": [64, 85]}, {"key": "loan-seller", "type": "definition", "offset": [91, 102]}, {"key": "related-borrower", "type": "definition", "offset": [117, 133]}, {"key": "commercial-tenant", "type": "definition", "offset": [164, 181]}, {"key": "certified-rent-roll", "type": "definition", "offset": [202, 221]}, {"key": "lease-income", "type": "definition", "offset": [263, 275]}, {"key": "property-leased", "type": "clause", "offset": [418, 433]}, {"key": "prior-to-the", "type": "clause", "offset": [543, 555]}, {"key": "date-of", "type": "clause", "offset": [568, 575]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [580, 601]}, {"key": "on-loan", "type": "definition", "offset": [682, 689]}, {"key": "in-connection-with", "type": "clause", "offset": [709, 727]}, {"key": "multifamily-loans", "type": "definition", "offset": [770, 787]}, {"key": "full-force-and-effect", "type": "definition", "offset": [916, 937]}, {"key": "default-under", "type": "clause", "offset": [971, 984]}, {"key": "by-the-lessee", "type": "clause", "offset": [1004, 1017]}, {"key": "the-lessor", "type": "definition", "offset": [1035, 1045]}, {"key": "each-case", "type": "definition", "offset": [1058, 1067]}, {"key": "of-tenant", "type": "clause", "offset": [1095, 1104]}, {"key": "of-landlord", "type": "clause", "offset": [1184, 1195]}, {"key": "compliance-with", "type": "clause", "offset": [1198, 1213]}], "hash": "ea07345d6cf3303a442c152ae2bbd846", "id": 6}, {"samples": [{"hash": "6pgE4dakSCc", "uri": "/contracts/6pgE4dakSCc#lease-estoppels", "label": "Omnibus Amendment to Transaction Documents and Release Agreement (BrightSpire Capital, Inc.)", "score": 36.9644088745, "published": true}, {"hash": "8Fe8bWOU8ve", "uri": "/contracts/8Fe8bWOU8ve#lease-estoppels", "label": "Ninth Omnibus Amendment to Transaction Documents and Release Agreement (BrightSpire Capital, Inc.)", "score": 36.1348381042, "published": true}, {"hash": "3PSvgVINDVQ", "uri": "/contracts/3PSvgVINDVQ#lease-estoppels", "label": "Tenth Omnibus Amendment to Transaction Documents (BrightSpire Capital, Inc.)", "score": 35.6420249939, "published": true}], "snippet": "With respect to each Purchased Asset secured by retail, office or industrial properties, Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the rent roll delivered as of the origination date. With respect to each Purchased Asset predominantly secured by a retail, office or industrial property leased to a single tenant, Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Purchased Asset. With respect to each Purchased Asset predominantly secured by a retail, office or industrial property leased to a single tenant, to Seller\u2019s knowledge, as of the Purchase Date (i) the related lease is in full force and effect and (ii) there exists no default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co- tenancy provisions. With respect to each Purchased Asset predominantly secured by a retail, office or industrial property, Seller has received lease estoppels executed within 90 days of the origination date of the related Purchased Asset that collectively account for at least 65% of the in-place base rent for the Mortgaged Property that secure a Purchased Asset that is represented as of the origination date. To Seller\u2019s knowledge, as of the Purchase Date (i) each lease represented on the rent roll delivered as of the origination date is in full force and effect and (ii) there exists no material default under any such related lease that represents 20% or more of the in-place base rent for the Mortgaged Property either by the lessee thereunder or by the related Mortgagor, subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 8, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "industrial-properties", "type": "definition", "offset": [66, 87]}, {"key": "commercial-tenant", "type": "definition", "offset": [158, 175]}, {"key": "rent-roll", "type": "definition", "offset": [196, 205]}, {"key": "origination-date", "type": "definition", "offset": [226, 242]}, {"key": "property-leased", "type": "clause", "offset": [337, 352]}, {"key": "prior-to-the", "type": "clause", "offset": [453, 465]}, {"key": "date-of", "type": "clause", "offset": [478, 485]}, {"key": "related-purchased-asset", "type": "definition", "offset": [490, 513]}, {"key": "to-seller", "type": "definition", "offset": [644, 653]}, {"key": "purchase-date", "type": "definition", "offset": [677, 690]}, {"key": "related-lease", "type": "definition", "offset": [699, 712]}, {"key": "full-force-and-effect", "type": "definition", "offset": [719, 740]}, {"key": "default-under", "type": "clause", "offset": [766, 779]}, {"key": "by-the-lessee", "type": "clause", "offset": [799, 812]}, {"key": "the-lessor", "type": "definition", "offset": [830, 840]}, {"key": "each-case", "type": "definition", "offset": [853, 862]}, {"key": "of-tenant", "type": "clause", "offset": [890, 899]}, {"key": "of-landlord", "type": "clause", "offset": [979, 990]}, {"key": "compliance-with", "type": "clause", "offset": [993, 1008]}, {"key": "base-rent", "type": "definition", "offset": [1310, 1319]}, {"key": "the-mortgaged-property", "type": "clause", "offset": [1324, 1346]}, {"key": "no-material-default", "type": "clause", "offset": [1603, 1622]}], "hash": "f0b4be19f9f7b7034060d71ca81037a5", "id": 7}, {"samples": [{"hash": "44UXxwMFxdS", "uri": "/contracts/44UXxwMFxdS#lease-estoppels", "label": "Master Repurchase Agreement (Blackstone Private Real Estate Credit & Income Fund)", "score": 36.8631057739, "published": true}, {"hash": "6h65yVc1WKi", "uri": "/contracts/6h65yVc1WKi#lease-estoppels", "label": "Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)", "score": 33.3175888062, "published": true}], "snippet": "With respect to each Purchased Asset secured by retail, office or industrial properties, Seller requested the related Mortgagor to obtain estoppels from each commercial tenant with respect to the Certified Rent Roll (except for tenants for whom the related lease income was excluded from Seller\u2019s underwriting). With respect to each Purchased Asset predominantly secured by a retail, office or industrial property leased to a single tenant, Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Purchased Asset (or such longer period as Seller may deem reasonable and appropriate based on Seller\u2019s practices in connection with the origination of similar commercial and multifamily loans), and to Seller\u2019s Knowledge, based solely on the related estoppel as of the date of such estoppel, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to common area maintenance (CAM) and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 4, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "industrial-properties", "type": "definition", "offset": [66, 87]}, {"key": "commercial-tenant", "type": "definition", "offset": [158, 175]}, {"key": "certified-rent-roll", "type": "definition", "offset": [196, 215]}, {"key": "lease-income", "type": "definition", "offset": [257, 269]}, {"key": "from-seller", "type": "clause", "offset": [283, 294]}, {"key": "property-leased", "type": "clause", "offset": [405, 420]}, {"key": "prior-to-the", "type": "clause", "offset": [521, 533]}, {"key": "date-of", "type": "clause", "offset": [546, 553]}, {"key": "related-purchased-asset", "type": "definition", "offset": [558, 581]}, {"key": "as-seller", "type": "clause", "offset": [605, 614]}, {"key": "based-on", "type": "clause", "offset": [651, 659]}, {"key": "in-connection-with", "type": "clause", "offset": [679, 697]}, {"key": "multifamily-loans", "type": "definition", "offset": [740, 757]}, {"key": "to-seller", "type": "definition", "offset": [764, 773]}, {"key": "full-force-and-effect", "type": "definition", "offset": [885, 906]}, {"key": "default-under", "type": "clause", "offset": [940, 953]}, {"key": "by-the-lessee", "type": "clause", "offset": [973, 986]}, {"key": "the-lessor", "type": "definition", "offset": [1004, 1014]}, {"key": "each-case", "type": "definition", "offset": [1027, 1036]}, {"key": "of-tenant", "type": "clause", "offset": [1064, 1073]}, {"key": "common-area-maintenance", "type": "clause", "offset": [1108, 1131]}, {"key": "of-landlord", "type": "clause", "offset": [1179, 1190]}, {"key": "compliance-with", "type": "clause", "offset": [1193, 1208]}], "hash": "a8bf80158fb0547702f23cdc553fef96", "id": 8}, {"samples": [{"hash": "c2SpZU5AyoV", "uri": "/contracts/c2SpZU5AyoV#lease-estoppels", "label": "Purchase and Sale Agreement (Taubman Centers Inc)", "score": 25.0793972015, "published": true}, {"hash": "5TM7iBdteNC", "uri": "/contracts/5TM7iBdteNC#lease-estoppels", "label": "Purchase and Sale Agreement (Taubman Centers Inc)", "score": 25.0793972015, "published": true}], "snippet": "An estoppel certificate, acceptable to Investor and dated no more than thirty (30) days prior to the originally scheduled Effective Date, from such tenants required by Investor, reasonably acceptable to Investor.", "size": 2, "snippet_links": [{"key": "estoppel-certificate", "type": "definition", "offset": [3, 23]}, {"key": "prior-to-the", "type": "clause", "offset": [88, 100]}, {"key": "effective-date", "type": "definition", "offset": [122, 136]}, {"key": "by-investor", "type": "clause", "offset": [165, 176]}], "hash": "a4f0e56e0925b4aa9101b93f9df567ee", "id": 9}, {"samples": [{"hash": "8zORPz1Sn4R", "uri": "/contracts/8zORPz1Sn4R#lease-estoppels", "label": "Master Repurchase Agreement (Angel Oak Mortgage, Inc.)", "score": 32.433265686, "published": true}], "snippet": "With respect to each Mortgage Loan secured by retail, office or industrial properties, the Seller requested the related Obligor to obtain estoppels from each commercial tenant (except for tenants for whom the related lease income was excluded from the Seller\u2019s underwriting) with leases comprising 25% or more of the related property. With respect to each Mortgage Loan predominantly secured by a retail, office or industrial property leased to a single tenant, the Seller reviewed such estoppel obtained from such tenant no earlier than 90 days prior to the origination date of the related Mortgage Loan, and to Seller\u2019s knowledge, based on the related estoppel, as applicable, (x) the related lease is in full force and effect and (y) there exists no material default under such lease, either by the lessee thereunder or by the lessor subject, in each case, to customary reservations of tenant\u2019s rights, such as with respect to CAM and pass-through audits and verification of landlord\u2019s compliance with co-tenancy provisions.", "size": 1, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "loan-secured", "type": "definition", "offset": [30, 42]}, {"key": "industrial-properties", "type": "definition", "offset": [64, 85]}, {"key": "the-seller", "type": "clause", "offset": [87, 97]}, {"key": "related-obligor", "type": "definition", "offset": [112, 127]}, {"key": "commercial-tenant", "type": "definition", "offset": [158, 175]}, {"key": "lease-income", "type": "definition", "offset": [217, 229]}, {"key": "related-property", "type": "definition", "offset": [317, 333]}, {"key": "property-leased", "type": "clause", "offset": [426, 441]}, {"key": "prior-to-the", "type": "clause", "offset": [546, 558]}, {"key": "date-of", "type": "clause", "offset": [571, 578]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [583, 604]}, {"key": "to-seller", "type": "definition", "offset": [610, 619]}, {"key": "based-on", "type": "clause", "offset": [633, 641]}, {"key": "full-force-and-effect", "type": "definition", "offset": [707, 728]}, {"key": "default-under", "type": "clause", "offset": [762, 775]}, {"key": "by-the-lessee", "type": "clause", "offset": [795, 808]}, {"key": "the-lessor", "type": "definition", "offset": [826, 836]}, {"key": "each-case", "type": "definition", "offset": [849, 858]}, {"key": "of-tenant", "type": "clause", "offset": [886, 895]}, {"key": "of-landlord", "type": "clause", "offset": [975, 986]}, {"key": "compliance-with", "type": "clause", "offset": [989, 1004]}], "hash": "03392e947b7b79e3f075a0217b58b2d6", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhsZWFzZS1lc3RvcHBlbHMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["entire-agreement", "Entire Agreement"], ["miscellaneous", "Miscellaneous"], ["further-assurances", "Further Assurances"], ["waivers", "Waivers"], ["agency", "Agency"]], "children": [], "size": 765, "title": "Lease Estoppels", "id": "lease-estoppels", "related": [["tenant-estoppels", "Tenant Estoppels", "Tenant Estoppels"], ["tenant-estoppel-certificates", "Tenant Estoppel Certificates", "Tenant Estoppel Certificates"], ["estoppels", "Estoppels", "Estoppels"], ["tenant-estoppel-certificate", "Tenant Estoppel Certificate", "Tenant Estoppel Certificate"], ["estoppel-certificates", "Estoppel Certificates", "Estoppel Certificates"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}