Examples of Acceptable Estoppel Certificate in a sentence
Notwithstanding any provisions in this Agreement to the contrary, if Buyer fails to object in writing to an Acceptable Estoppel Certificate executed by any tenant within five (5) business days after the date the same has been delivered to Buyer, Buyer shall be deemed to have approved the same.
Not sooner than forty-five (45) days prior to the Closing Date and not later than thirty (30) days prior to the Closing Date, Seller shall send an estoppel certificate in the Acceptable Estoppel Certificate Form (as defined below) (each, a "Tenant Estoppel Certificate") to each of the tenants then occupying space in the Project.
Upon receipt of an Acceptable Estoppel Certificate from Tenant, to the extent that any items contained in such estoppel confirm any of the representations set forth in this paragraph (the “Confirmed Representations”), such estoppel shall be deemed to replace the Confirmed Representations, and the Confirmed Representations shall automatically terminate.
An estoppel certificate received from either of the Tenants shall not be an Acceptable Estoppel Certificate if the tenant discloses a material default on the part of landlord or tenant under its Lease or discloses another Material Matter (as hereinafter defined), which, in each case, was not included in the Lease and was not actually known to Purchaser as of the date of this Agreement.
An "Acceptable Estoppel Certificate" means an executed Estoppel Certificate substantially in the form of Exhibit J attached hereto and incorporated herein by this reference or in the form provided in the applicable Lease, or with such modifications in form or substance as are approved by Purchaser in its reasonable discretion.
The failure of Seller to obtain Acceptable Estoppel Certificates shall not be deemed a default by Seller, it being agreed that the sole remedy of Purchaser in the event Seller does not obtain an Acceptable Estoppel Certificate from each of the Tenants shall be to terminate this Agreement in accordance with the provisions hereof.
Notwithstanding any provisions in this Agreement to the contrary, if Buyer fails to object in writing to an Acceptable Estoppel Certificate executed by any tenant within five (5) Business Days after the date the same has been delivered to Buyer, Buyer shall be deemed to have approved the same.
It will be a condition to Closing that Seller obtain and deliver to Purchaser, from the major tenant leasing space in the Improvements listed on Exhibit C-1 (“Major Tenant”), an executed Acceptable Estoppel Certificate.
Purchaser will have the right, but not the obligation, in its sole and absolute discretion, to waive the requirement that Seller furnish an Acceptable Estoppel Certificate with respect to any particular Required Tenant.
If after using commercially reasonable efforts Seller is unable to deliver the SNDAs from the SNDA Tenants, Buyer shall be permitted, but not required, to contact the applicable SNDA Tenants directly to obtain the necessary SNDAs prior to Closing, provided, however, that Buyer’s right to contact said SNDA Tenant shall only apply to such SNDA Tenants that have previously delivered an Acceptable Estoppel Certificate to Seller in accordance with this Agreement.