REA Estoppel. An original, fully executed REA Estoppel.
REA Estoppel. An estoppel certificate, dated no more than thirty (30) days prior to the Effective Date, from each party to the REA other than Tampa Westshore, reasonably acceptable to Investor.
REA Estoppel. It shall be an additional condition precedent to Purchaser's obligation to consummate the acquisition of the Property that prior to Closing, Seller must deliver an estoppel from the party or parties entitled to enforce the Reciprocal Easement Agreement dated December 8, 1992, as described in instrument filed under Xxxxxx County Clerk's No. H261377, in favor of Purchaser and Purchaser's lender, which certifies that that there are no current violations of any restrictions which the Association is entitled to enforce, no monetary amounts are due which have not yet been paid.
REA Estoppel. The following is added to the Contract as Section 23:
REA Estoppel. Seller shall use utilize good faith efforts (and, as used in this Agreement, good faith efforts shall not include any obligation to institute legal proceedings, declare a default or to expend any monies) to obtain and deliver to Buyer three (3) days prior to Closing an executed estoppel certificate from Target Corporation and Home Depot U.S.A. with respect to that certain Operating and Easement Agreement by and among Target Corporation, Home Depot U.S.A., Inc., and Seller (the “REA”) in the form required by the REA; provided, however, that receipt of such estoppel certification shall not be a condition to Closing.
REA Estoppel. The Seller shall have delivered to the Purchaser a written statement from the counterparty under the REA acknowledging the commencement and termination dates of the REA, that there is no material default except as otherwise noted in such written statement, that the REA is in full force and effect except as otherwise noted in such written statement, and that the REA has not been modified (or if it has, stating such modification).
REA Estoppel. BCSP shall have obtained and delivered to Investor an executed estoppel certificate (the “REA Estoppel”) from CP III Xxxxxx Towers, Inc., as successor-in-interest to Xxxxxx Realty under the REA (the “Residential Owner”), certifying that to the best of the Residential Owner’s knowledge (i) the Owner is not in default in the performance of any of Owner’s obligations under the REA, (ii) all charges, fees and assessments currently due and payable from the Owner to the Residential Owner under the REA, if any, have been paid, (iii) there are no outstanding charges, fees or assessments due and payable from the Commercial Owner to the Residential Owner under the REA, and (iv) the Residential Owner has no knowledge, without any duty of investigation or inquiry, of any improvements or work that do not comply with the provisions of the REA. If BCSP is unable to obtain the REA Estoppel, BCSP, at its option, may deliver to Investor a representation letter items (i) through (iv) above (a “Seller REA Estoppel”) in lieu of the REA Estoppel in order to satisfy this condition. BCSP’s liability under the Seller REA Estoppel shall expire and be of no further force or effect on the earlier to occur of: (A) April 29, 2012, or (b) the date that Investor receives the REA Estoppel from the Residential Owner.
REA Estoppel. Seller shall use its good faith, commercially reasonable and diligent efforts to obtain, no later than ten (10) Business Days prior to the Closing, an estoppel certificate, substantially in
REA Estoppel. Seller shall have delivered to Purchaser estoppel certificates from all current parties to Four-Party Tie-In Agreement dated as of April 26, 2002, originally by and between Xxxx Xxxxxxx Life Insurance, X.X. Xxxx & Company, Burdines, Inc., and Sears Xxxxxxx and Company (the "REA") affecting the Property, in the form required pursuant to such REA (the "REA Estoppels").
REA Estoppel
