Examples of Ground Lessor Consent in a sentence
Without limitation on any other rights or obligations set forth herein, the delivery of the Ground Lessor Consent and Estoppel, in substantially the same form and substance as attached hereto as Exhibit P, shall, at Buyer's discretion, be a condition precedent to Buyer's obligations hereunder.
The Ground Lessor Consent, the TIC Parties ----------------- Consent and the Contract Party Consents shall have been obtained.
Seller shall obtain from ----------------------------------------- the Ground Lessor, at Seller's sole cost and expense, a consent to the assignment of the Ground Lease to Purchaser together with a waiver of Ground Lessor's right of first refusal as described in Section 29.2 of the Ground Lease and an estoppel certificate from the Ground Lessor in the form attached hereto and incorporated herein as Exhibit F (collectively the "Ground Lessor Consent").
As required by Section 11.2(p) below, the foregoing Ground Lessor Consent and Estoppel shall be dated no more than twenty (20) days prior to the Closing Date.
No such assignment shall delay or otherwise adversely affect the Closing and Purchaser shall provide notice to Seller of any Purchaser’s Designee in advance of the request of the GECC Approval and the Ground Lessor Consent.
Accordingly, each of Seller and Purchaser agrees to use reasonable efforts to obtain the Ground Lessor Consent prior to the Closing, as hereinafter defined, and that all costs and expenses incurred by Seller or Purchaser in obtaining or attempting to obtain the Ground Lessor Consent, whether incurred before or after Closing, shall be borne and paid by Purchaser.
The Ground Lessor Consent and the Ground Lessor Estoppel are subject to the San Diego Unified Port District’s review and approval at a meeting of the Board of Port Commissioners of the San Diego Unified Port District.
As conditions precedent to CSCP's obligation to consummate the transactions contemplated by this Agreement with respect to the Stabilized Property, CSCP shall receive the Dover Ground Lessor Consent, the Dover Ground Lease Amendment and the Dover Fee Mortgage Release.
In addition, if the Hotel Property is subject to a Ground ------------- Lease, no default by the lessee under the Ground Lease exists, the Ground Lease remains in full force and effect and the Administrative Agent shall have received a Ground Lessor Consent.
If any such claim is asserted, or any such lien or charge upon payments, or any such taxes, assessments, impositions or other charges, are sought to be imposed, the County or the Trustee, as the case may be, will give prompt notice to the Company, and the Company shall have the sole right and duty to assume, and will assume, the defense thereof, with full power to litigate, compromise or settle the same in its sole discretion.