Ground Lessor Estoppel definition
Examples of Ground Lessor Estoppel in a sentence
If a Ground Lessor returns an executed Ground Lessor Estoppel to such Seller (or objects thereto), such Seller shall promptly deliver to the Buyer, or make available on such Seller’s transaction website, a copy of such executed Ground Lessor Estoppel following such Seller’s receipt of such Ground Lessor Estoppel.
Landlord shall have received a Ground Lessor Estoppel Certificate and, if applicable, a Fee Mortgagee Estoppel Certificate, for each Ground Lease Property.
In the event Purchaser is unable to obtain all of the provisions in the document set forth on Exhibit D signed by the Ground Lessor, Seller shall use its best efforts and diligently cooperate with Purchaser, to obtain most of the provisions in the document set forth on Exhibit D, as modified with Purchaser’s input with respect to the form and content of such Ground Lessor Estoppel.
The Ground Lessor Estoppel shall be in a form reasonably acceptable to Purchaser.
Seller acknowledges that a Ground Lessor Estoppel duly executed and delivered by the appropriate Ground Lessor (each an “Outstanding Estoppel”) has not been received on or prior to Closing for the Tower Sites listed on the attached Exhibit A (each an “Outstanding Estoppel Site”).