REA Estoppels. Borrower shall have delivered to Lender an executed REA estoppel letter, which shall be in form and substance satisfactory to Lender, from each party to any REA required by Lender with respect to any Individual Property.
REA Estoppels. Borrowers shall have provided Lender with copies of all reciprocal easement and operating agreements affecting any of the Properties, together with original executed estoppel certificates in form and substance satisfactory to Lender from each of the parties (other than a Borrower) to such agreements as is required by Lender.
REA Estoppels. Buyer shall have received and approved such written estoppel statements from each holder of a reciprocal easement agreement affecting the Property as Buyer shall reasonably require. Each such estoppel statement shall be in form and substance reasonably acceptable to Buyer. Buyer shall have 5 days after the date of Buyer's receipt of each such "REA Estoppel" to notify Seller of any objection Buyer may have regarding such estoppel, and in the event Buyer fails to so notify Seller, Buyer shall be deemed to have approved such estoppel.
REA Estoppels. Purchaser acknowledges that, prior to the Effective Date, it has received (i) the reciprocal easement agreement estoppel from JT 620, LP, successor to JTTT Enterprises, L.P., (“JT 620”) with regard to that certain Reciprocal Easements Agreement dated September 25, 2014 and recorded under Document No. 2014147113 of the Official Public Records of Xxxxxx County, Texas, as amended by that certain First Amendment to Reciprocal Easements Agreement dated November 4, 2016 and recorded under Document No. 2016210607 of the Official Public Records of Xxxxxx County, Texas, and (ii) the reciprocal easement agreement estoppel from Xxxxxx X. Xxxxxx and Xxxxx X. Xxxxxxx with regard to that certain Reciprocal Easements Agreement dated July 28, 2014 and recorded under Document No. 2014112714 of the Official Public Records of Xxxxxx County, Texas. Accordingly, Purchaser acknowledges and agrees that the requirements of this Section 7.06 have been satisfied prior to the Effective Date.
REA Estoppels. Borrower shall have requested and made commercially reasonable efforts to obtain prior to Closing, estoppel certificates from all REA parties substantially in the form attached as Exhibit I, and shall have delivered to Lender all such estoppels received by Borrower.
REA Estoppels. Seller shall use commercially reasonable efforts to obtain and deliver to Purchasers prior to Closing an executed estoppel certificate in the form of Exhibit B-1 or in such other form as may be required pursuant to the REAs from each REA Party (individually, a “REA Estoppel” and collectively, the “REA Estoppels”); it being understood that neither Seller nor any Property Owner shall be required to expend any monies (other than costs associated with preparation and delivery) to obtain any such REA Estoppels, and the receipt of any such REA Estoppels shall not be a condition to Closing. Seller will promptly provide Purchasers with a copy of all executed REA Estoppels following receipt of same.
REA Estoppels. Seller will use commercially reasonable efforts to obtain and deliver to Purchaser estoppel certificates from the parties to the REAs that Purchaser requests. Failure to obtain such shall not be a default or a failure of a condition under this Agreement. Purchaser will prepare each estoppel certificate that it requests Seller obtain under this Section (and Seller will provide Purchaser any contact information that it may have with respect to such parties to the REAs).
REA Estoppels. Receipt by Purchaser of an executed estoppel certificate from each “REA Party” identified on Exhibit U (an “REA Party”) to the REAs, if, as and to the extent that an REA Party is contractually obligated to deliver an estoppel certificate to Seller (individually, an “REA Estoppel” and collectively, the “REA Estoppels”), which shall (i) contain substantially such information as is expressly specified in such REA to be provided by such REA Party, (ii) if such REA is silent on what information the REA Estoppel must contain but such REA Party has delivered an estoppel to Seller within the last three (3) years, contain substantially such information as previously provided by such REA Party, or (iii) if clauses (i) and (ii) are not applicable, then contain substantially such information as set forth in the form as attached hereto as Exhibit P-1; provided that any REA Estoppel under this Section 4.1(e) shall be acceptable if and only if it (x) does not indicate the continuing existence of an actual material default of Seller, (y) does not state that the REA is not in full force and effect and (z) does not include with it a copy of a document that is marked as missing in Schedule 12.1(t) that contains terms or conditions that materially and adversely impact the ownership, operation, financeability or value of the Shopping Center (an “Acceptable REA Estoppel”). Subject to the penultimate paragraph of this Section 4.1, each REA Estoppel shall be dated no earlier than sixty (60) days prior to Closing; provided, however, Purchaser shall have the right to extend the Closing Date for a period not to exceed an additional thirty (30) days (subject to Section 5.1(e) below), in the event that Purchaser’s lender shall not accept any REA Estoppel because (1) of its date, in which case Seller agrees to use commercially reasonable efforts to obtain a confirmation or update of any REA Estoppel previously delivered, as required by Purchaser’s lender, or (2) it is not certified to Purchaser, Purchaser’s lender and their successors and assigns, in which case Seller agrees to use commercially reasonable efforts to obtain a confirmation or update of any REA Estoppel previously delivered, as required by Purchaser’s lender; provided, however, that obtaining any such confirmation or update to an REA Estoppel is not a condition precedent to Purchaser’s obligations hereunder.
REA Estoppels. To the extent received by Sellers prior to Closing, the REA Estoppels pursuant to Section 5.5(b) hereof;
REA Estoppels. Borrower shall have caused Mortgage Borrower to have delivered to Lender an executed REA estoppel letter, which shall be in form and substance satisfactory to Mortgage Lender, from each party to any REA for each Individual Property.
