Ground Lease Estoppel definition

Ground Lease Estoppel shall have the meaning set forth in Section 8.11.

Ground Lease Estoppel shall have the meaning assigned thereto in Section 3.5.

Ground Lease Estoppel means that certain estoppel certificate and agreement given by Fee Owner for the benefit of Lender and containing certain statements and agreements relating to the Ground Lease.

Examples of Ground Lease Estoppel in a sentence

• A consent to assignment of the Ground Lease to Buyer and the Ground Lease Estoppel, both executed by the Ground Lessor (or the current fee title owner and lessor of the Land).

• To the extent that any matters as to which Seller has made a representation or warranty herein are encompassed within the Ground Lease Estoppel, such representation or warranty shall no longer be effective and Purchaser shall have no rights in connection therewith.

• Such Ground Lease Estoppel shall be consistent with the Ground Lease, shall not reveal any default by the Seller, shall confirm that the Improvements have been constructed in accordance with the Ground Lease, as applicable, and shall be otherwise reasonably acceptable to Buyer.

• A Ground Lease Estoppel Certificate duly executed by the respective lessor with respect to each of the Ground Leases and any consents that may be required as a result of the Transaction under the terms of the Ground Leases in each case in form and substance reasonably acceptable to Buyer.

• Seller shall not be obligated to cure any objections to the Ground Lease Estoppel raised by Buyer.

More Definitions of Ground Lease Estoppel

Ground Lease Estoppel means those certain estoppels executed in favor of Lxxxxx in connection with the Loan described on Schedule IV hereto.

Ground Lease Estoppel means, collectively, each ground lease estoppel as set forth on Schedule XI attached hereto.

Ground Lease Estoppel means those six (6) certain Estoppel and Agreements, one pertaining to each separate Ground Lease, executed by the respective Borrower and Ground Lessor in favor of Lender in connection with the Loan.

Ground Lease Estoppel shall have the meaning provided in Section --------------------- 3.01(a)(xi).

Ground Lease Estoppel means that certain Ground Lessor Estoppel Agreement dated July 31, 2017 given by the ground lessor under the Ground Lease for the benefit of Agent, each Lender and Borrower.

Ground Lease Estoppel means those certain ground lease estoppels listed on Schedule XIX hereto and executed in favor of Lender in connection with the Loan.

Ground Lease Estoppel shall have the meaning set forth in Section 2.4(b)(vii).