Estoppel Threshold definition

Estoppel Threshold shall have the meaning set forth in Section 4.1(f)(iii) hereof.
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Estoppel Threshold shall have the meaning ascribed to such term in Section 5.1(c) herein.
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Estoppel Threshold means Tenant Estoppel Certificates signed by Tenants which cover at least 80% of the leased gross leaseable commercial area of the applicable Property at Closing; provided, however, that such Estoppel Threshold must include Estoppel Certificates signed by all Major Tenants for such Property. The Estoppel Threshold must be met on an individual Property-by-Property basis.
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Examples of Estoppel Threshold in a sentence

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

  • 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 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.

  • To the extent the matters set forth in the Rejected Estoppel cannot be resolved to Buyer’s reasonable satisfaction on or prior to the Closing Date and to the extent the Rejected Estoppel is needed to satisfy the Estoppel Threshold, Buyer shall have the right to terminate this Agreement and receive a return of the Deposit.

  • 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.

  • 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 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.

  • All Pre-Effective Date Tenant Estoppels accepted by the Buyer pursuant to the immediately preceding sentence shall be used to calculate the satisfaction of Estoppel Threshold.

  • If Purchaser elects to extend the Closing Date in accordance with the terms of this Section 3.7, then Closing will occur within five (5) days after Seller delivers to Purchaser 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").


More Definitions of Estoppel Threshold

Estoppel Threshold is defined in Section 9.02.
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Estoppel Threshold shall have the meaning assigned thereto in Section 3.4(b).
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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.
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Estoppel Threshold shall have the meaning set forth in Section 8.5.
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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.
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Related to Estoppel Threshold

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the greater of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Major Tenants has the meaning ascribed to such term in Section 7.2.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Threshold means with respect to Party B: infinity.

  • Materiality Threshold means limits for related party transactions beyond which the shareholders' approval will be required as specified in Companies Act, 2013 and rules thereof and amendments thereto.

  • Material Alteration shall have the meaning set forth in Section 4.1.11.

  • Simplified acquisition threshold means the dollar amount below which a district may purchase property or services using small pur- chase methods. Districts adopt small purchase procedures in order to expedite the purchase of items at or below the simplified acquisi- tion threshold. The simplified acquisition threshold for procurement activities administered under federal awards is set by the FAR at 48 C.F.R. Part 2, Subpart 2.1 [see below]. The district is responsi- ble for determining an appropriate simplified acquisition threshold based on internal controls, an evaluation of risk, and its docu- mented procurement procedures. However, in no circumstances can this threshold exceed the dollar value established in the FAR

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Expandable condominium means a condominium to which additional land may be added in accordance with the provisions of the declaration and of this chapter.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Diameter at Breast Height (DBH) means the diameter of a tree at 4 1/2 feet above the ground measured from the uphill side.

  • Independent expenditure means an expenditure by a person:

  • Improvement completion assurance means a surety bond, letter of credit,