Estoppel Threshold definition

Estoppel Threshold shall have the meaning set forth in Section 4.1(f)(iii) hereof.

Estoppel Threshold shall have the meaning ascribed to such term in Section 5.1(c) herein.

Estoppel Threshold means Tenant Estoppel Certificates signed by Tenants which, in aggregate, cover at least 85% of the leased gross rentable area of the Improvements as of the Effective Date (using the square footage set forth in Schedule C); provided, however, that such Estoppel Threshold must include Estoppel Certificates signed by all Major Tenants.

Examples of Estoppel Threshold in a sentence

• Seller shall have delivered to Buyer Tenant Estoppel Certificates sufficient to reach the Estoppel Threshold.

• If Purchaser elects to extend the Closing Date in accordance with the terms of this Section, then Closing will occur within five (5) days after Seller delivers to Purchaser the requisite estoppel certificates that satisfy the Minimum Estoppel Threshold.

• The district court declined to place particular details of Mr. Hill’s plea agreement into the jury instruction, as requested by Mr. Reese’s counsel, because it was concerned that the instruction incorporated defensearguments.

• Notwithstanding any other provision to the contrary contained in this Agreement, no Estoppel Certificate shall be required as to a New Lease and New Leases shall be excluded from the determination of any Estoppel Threshold.

• Notwithstanding the forgoing, in no event shall Seller have the ability to deliver a Seller’s Lease Certificate to Buyer as a replacement for a Tenant Estoppel Certificate which identified a default by Seller as landlord under the Lease in order to satisfy the Estoppel Threshold.

• Notwithstanding the foregoing, it is expressly understood and agreed that a failure to deliver sufficient Tenant Estoppels and/or SNDA's to reach the Tenant Estoppel Threshold Amount will be a failure of condition only and will not be a default hereunder.

• Seller shall undertake its best efforts to timely satisfy the Required Estoppel Threshold.

• Notwithstanding anything contained in this Agreement to the contrary, Seller shall not incur any liability whatsoever in connection with its failure to obtain the requisite estoppel certificates that satisfy the Minimum Estoppel Threshold.

• It shall be a condition to Buyer's obligation to close the transactions contemplated in the Agreement that Buyer receive REA Estoppel Certificates from Macy's, Dick's and AMC prior to Closing (the "REA Estoppel Threshold").

• Notwithstanding anything herein to the contrary, Seller’s failure to obtain a sufficient number of Estoppel Certificates to reach the Estoppel Threshold at least one (1) business day prior to the Closing Date (the “Estoppel Condition”) shall not be a default under this Agreement.

More Definitions of Estoppel Threshold

Estoppel Threshold shall have the meaning set forth in Section 8.5.

Estoppel Threshold shall have the meaning assigned thereto in Section 3.4(b).

Estoppel Threshold means (i) all Major Tenants and (ii) a subset of Tenants whose Leases, in the aggregate, cover at least seventy (70%) percent of the leased gross leasable commercial area of the Improvements that is leased as of the Effective Date, excluding such leased gross leasable commercial area attributable to Major Tenants.

Estoppel Threshold means, with respect to the Properties, Conforming Tenant Estoppels signed by Tenants under each Lease with a Tenant leasing total rented square feet of space in excess of 35,000 square feet.

Estoppel Threshold is defined in Section 9.02.