Examples of Ground Lease Estoppel Certificate in a sentence
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 use commercially reasonable efforts to obtain the Tenant Estoppel Certificates and the Ground Lease Estoppel Certificate and otherwise comply with the requirements set forth in Section 8.2(e) and Section 8.2(l).
Borrower has delivered to Lender the fully executed Ground Lease Estoppel Certificate from Ground Lessor.
If Contributor does not timely deliver Tenant Estoppel Certificates from the Required Tenants, the Ground Lease Estoppel Certificate from the lessor under the Ground Lease, or the Operating Agreement Estoppel Certificate from the other party to the Operating Agreement, Contributor may, at Contributor’s option, but shall not be required to postpone the Closing for a period not to exceed forty-five (45) days to obtain the same.
Each Ground Lease (as modified by the applicable Ground Lease Estoppel Certificate provided by the landlord thereunder) requires the ground lessor to give notice of any default by Borrowers to Administrative Agent.