Estoppel Requirement definition

Estoppel Requirement shall have the meaning set forth in Section 6.1(a)(iv).
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Estoppel Requirement shall have the meaning set forth in SECTION 6.1(A)(IV).
Sample 1
Estoppel Requirement means Seller shall have delivered to Buyer Acceptable Estoppel Certificates from (A) Home Depot, T.J. Maxx/Homegoods, and Sprout’s Farmers Market (collectively, the “Major Tenants”), and (B) such additional tenants other than the Major Tenants occupying at least fifty percent (50%) of the remaining leased square footage of the Improvements (i.e. the leased square footage of the Improvements, less the square footage leased by the Major Tenants).
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Examples of Estoppel Requirement in a sentence

  • The Seller Parties shall have satisfied the Tenant Estoppel Requirement.

  • Seller shall have the right to extend the Closing Date for an additional thirty (30) days in order to obtain Tenant Estoppel Certificates executed by Tenants in order to satisfy the Minimum Estoppel Requirement set forth in Section 7.2(d).

  • The business name, address and telephone number shall be considered the applicant's or registrant's address and telephone number of record for all purposes unless otherwise requested in writing by the applicant or registrant and shall be considered a matter of public record.

  • In connection with meeting the Minimum Estoppel Requirement, Sellers shall send to the Tenants (other than Tenants under Carrier License Agreements) an estoppel in the form attached hereto as Exhibit E and shall request Tenants execute such estoppels.

  • Notwithstanding anything to the contrary herein, at the Closing, Seller shall deliver to Buyer a Tenant Estoppel from (i) all Credit Tenants and (ii) not less than eighty percent (80%) (determined on the basis of leasable floor area) of all Non-Credit Tenants, which Tenant Estoppels shall be approved (or deemed to be approved) by Buyer in accordance with Section 7.1.8.1 hereof (hereinafter, the "Minimum Estoppel Requirement").

  • In no event shall Seller’s failure to deliver to Purchaser any of the Tenant Estoppels or to satisfy the Tenant Estoppel Requirement be deemed to be a default by Seller under this Agreement.

  • As a condition precedent to Prudential’s obligations at Closing, Cousins shall deliver to Prudential at or prior to Closing Tenant Estoppels executed by such number of the Space Tenants as is necessary to comply with the Tenant Estoppel Requirement.

  • In addition, the share of families with any entertainment expenditures, which was stable at onset, drops by about 10% at exhaustion.At exhaustion, families appear to prioritize their most important financial commitments, which show relatively small drops in spending.

  • Should Purchaser exercise such right to accelerate Closing, Purchaser shall be deemed to have accepted the then current status of Seller's satisfaction of (i) any title or survey objection made by Purchaser and (ii) the Tenant Estoppel Requirement.

  • If the Purchaser has received Clean Estoppel Certificates from each Anchor and from tenants under Leases relating to at least fifty percent (50%) of the occupied in-line space at a Property, CFCL may elect to satisfy the Estoppel Requirement by delivering a Seller Estoppel Certificate in the form attached hereto as Exhibit O (each, a "Seller Estoppel Certificate") as a substitute for any remaining Estoppel Certificates that have not been obtained and are necessary to meet the Estoppel Requirement.


More Definitions of Estoppel Requirement

Estoppel Requirement means the Vertex Estoppel Requirement and the Other Tenant Estoppel Requirement.
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Related to Estoppel Requirement

  • Environmental Requirement means any Environmental Law, agreement or restriction, as the same now exists or may be changed or amended or come into effect in the future, which pertains to any Hazardous Material or the environment including ground or air or water or noise pollution or contamination, and underground or aboveground tanks.

  • essential requirements means all the conditions set out in Annex III which must be met by the rail system, the subsystems, and the interoperability constituents, including interfaces;

  • Governmental Requirement means any law, statute, code, ordinance, order, determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority.

  • Environmental Requirements means all Laws and requirements relating to human, health, safety or protection of the environment or to emissions, discharges, releases or threatened releases of pollutants, contaminants, or Hazardous Materials in the environment (including, without limitation, ambient air, surface water, ground water, land surface or subsurface strata), or otherwise relating to the treatment, storage, disposal, transport or handling of any Hazardous Materials.

  • Capital Requirements means, as to any person, any matter, directly or indirectly, (i) regarding capital adequacy, capital ratios, capital requirements, the calculation of such person’s capital or similar matters, or (ii) affecting the amount of capital required to be obtained or maintained by such person or any person controlling such person (including any direct or indirect holding company), or the manner in which such person or any person controlling such person (including any direct or indirect holding company), allocates capital to any of its contingent liabilities (including letters of credit), advances, acceptances, commitments, assets or liabilities.

  • Governmental Requirements means all judgments, orders, writs, injunctions, decrees, awards, laws, ordinances, statutes, regulations, rules, franchises, permits, certificates, licenses, authorizations and the like and any other requirements of any government or any commission, board, court, agency, instrumentality or political subdivision thereof.

  • Operational requirements means the need to ensure that the Agency is to be operated as effectively, efficiently and economically as possible.

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Collateral Requirement means the requirement that:

  • Contractual Requirement shall have the meaning provided in Section 8.3.

  • Legal Requirements means any federal, state, local, municipal, foreign or other law, statute, constitution, principle of common law, resolution, ordinance, code, order, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put into effect by or under the authority of any Governmental Entity.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.

  • Environmental Approval means any consent, authorisation, licence or approval of any governmental or public body or authorities or courts applicable to any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from any Relevant Ship required under any Environmental Law;

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Environmental Approvals means any permit, license, approval, ruling, variance, exemption or other authorization required under applicable Environmental Laws.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the relevant Standard applicable to such Reference Entity or, if no such amount is specified, U.S.$10,000,000 or its equivalent in the relevant Obligation Currency, in either case as of the occurrence of the Credit Event.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

  • Renewal Request means a written notice delivered to the Agent in accordance with Clause 6.6 (Renewal of a Letter of Credit).