Estoppel Certificate definition
Examples of Estoppel Certificate in a sentence
Failure by ▇▇▇▇▇ to respond to any proposed or executed estoppel certificate within five (5) business days following its receipt of such estoppel certificate shall be deemed Buyer’s acceptance and approval of said estoppel certificate; provided, however, that Buyer must approve and may not reject any executed estoppel certificate that meets the Estoppel Certificate Requirements.
At least five (5) business days prior to Closing, all (1) Major Tenants and (2) Tenants, exclusive of the Major Tenants, occupying at least sixty-five percent (65%) of the remaining occupied rentable square footage of the Improvements shall have executed and delivered an Estoppel Certificate to Seller dated no more than 30 days from the Closing Date (the “Required Estoppels”).