Estoppel Letter. A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.
Estoppel Letter means a document executed by the Co-op Corporation certifying, with respect to a Co-op Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related Stock Certificate was registered in the Mortgagor's name and the Co-op Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such Stock Certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Co-op Corporation have been paid.
Estoppel Letter means an estoppel letter in form and substance reasonably satisfactory to the Special Limited Partner delivered to the Partnership from each Lender which certifies as to each Mortgage Loan (i) that there is no default ongoing pursuant to the Mortgage Loan Documents, (ii) the amounts of interest and principal paid on such Mortgage Loan to date and (ii) the outstanding principal balance of such Mortgage Loan.
Examples of Estoppel Letter in a sentence
An estoppel letter dated within thirty (30) days of the Closing Date (the "Lender Estoppel Letter"); the form of the Lender Estoppel Letter shall be mutually agreed upon by the parties during the Financing Assumption Period (as defined in Section 17.03).
It shall be a condition of Closing that prior to October 15, 1997, Lender shall have granted its consent to the transactions contemplated hereunder on terms and requirements reasonably satisfactory to the BRI Partnership, shall have issued the Lender Estoppel Letter and shall have agreed to release the Transferor Partners from all liability under the Loan Documents.
Any and all consents, authorizations and approvals necessary to be obtained before Closing including the Lender Estoppel Letter and the consent of the Transferor Limited Partners shall have been obtained.
Except as disclosed on Schedule 5.33 and except for the Lender Estoppel Letter, no approval of any person not a party to this Agreement is necessary for the contribution by such Transferor Partner of the Transferor Partnership Interests held by such Transferor Partner and the performance of such Transferor Partner's obligations under this Agreement.
The BRI Partnership and the Transferor Partnership shall use reasonable efforts to obtain the consent of Lender to the contribution of the Transferor Partnership Interests to the BRI Partnership by the Transferor Partners, to the transfer of ownership of the Transferor Partnership to the BRI Partnership and to obtain the Lender Estoppel Letter.
More Definitions of Estoppel Letter
Estoppel Letter means a statement of the amount of:
Estoppel Letter means an estoppel letter in form and substance reasonably satisfactory to the Special Limited Partner delivered to the Partnership from each Lender which certifies as to each Mortgage Loan (i) that there is no default ongoing pursuant to the Mortgage Loan Documents, (ii) the amounts of interest and principal paid on such Mortgage Loan to date and (ii) the outstanding principal balance of such Mortgage Loan, as applicable. "Event of Bankruptcy" means with respect to any Person, (i) the entry of a decree or order for relief by a court having jurisdiction in respect of such Person in an involuntary case under the federal bankruptcy laws, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of his property, or ordering the winding-up or liquidation of his affairs and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days; (ii) the commencement by such Person of a voluntary case under the federal bankruptcy laws, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency or other similar law, or the consent by him to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or similar official) of such Person or for any substantial part of his property, or the making by him of any assignment for the benefit of creditors, or the taking of corporate action by the Person in furtherance of any of the foregoing; or (iii) the commencement against such Person of an involuntary case under the federal bankruptcy laws, as now constituted or hereafter amended, which has not been vacated, discharged or bonded within sixty (60) consecutive days. "Event of Default" shall have the meaning set forth in Section 5.1(h). "Extended Use Agreement" means the extended use housing commitment to be executed by the Partnership in accordance with the requirements of the Credit Agency and the provisions of Section 42(h)(6)(A) of the Code. "50% Completion Date" means the date the Inspecting Consultant (or if none, the Contractor and the General Partner) certifies that fifty percent (50%) of the projected hard construction costs for the completion of the Apartment Complex have been incurred by the Partnership. "Filing Office" mean...
Estoppel Letter. A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor’s name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid. Exchange Act: The Securities Exchange Act of 1934, as amended.
Estoppel Letter means an estoppel letter, subordination and nondisturbance agreement or other agreement, waiver or confirmation executed by any bailee or lessor which owns or operates any location where any Credit Party maintains any of the Collateral, each of which shall be in substantially the form of Exhibit N hereto or such other form as shall be acceptable to the Purchaser in its sole discretion.
Estoppel Letter. A document certifying, with respect to a Co-op Loan, (i) the appurtenant Co-op Lease will be in full force and effect as of the date of issuance thereof, (ii) the related Co-op Stock was registered in the Mortgagor's name and there has been no notice of any lien upon, pledge of, levy of execution on or disposition of such Co-op Stock, and (iii) the Mortgagor is not in default under the appurtenant Co-op Lease and all charges due have been paid.
Estoppel Letter means that certain estoppel letter, dated as --------------- of the Closing Date, executed and delivered to Agent and the Lenders by the Borrowers and Guarantor Subsidiaries, if applicable, in form and substance satisfactory to Agent, in connection with the transactions contemplated by the Purchase Agreement.
Estoppel Letter has the meaning set forth in Section 1.7(b)(xx).