Examples of Landlord Estoppel in a sentence
Landlord has executed and delivered this Landlord Estoppel Certificate this day of , 201 .
Landlord Estoppel Certificate dated February 26, 2015 by City of San Antonio, as ground landlord, for the benefit of XX Xxxxxx Hotel Associates, L.P., as ground tenant, PIM Highland Holding LLC, Ashford, and each of their respective affiliates; and Lender, Mortgage Lender and Other Mezzanine Lender, and each of their respective affiliates.
Seller shall use reasonable efforts to obtain, at or prior to Closing, a certificate, reasonably satisfactory to Buyer, from the lessor of each Real Property lease to the effect that such lease is valid, in full force and effect and not in default, has been approved, if necessary, for transfer to Buyer, and any other matters reasonably requested by Buyer (collectively, the "Landlord Estoppel Certificates").
In the event the Partnership shall, after a respective Closing, receive a tenant estoppel in form reasonably satisfactory to the Partnership relating to any Lease in a Stage I Property or a Stage II Property with respect to which the Partnership shall have previously received a Landlord Estoppel, such Landlord Estoppel shall be null and void and of no further effect to the extent such tenant estoppel confirms the information contained in the applicable Landlord Estoppel in all material respects.
Such substituted Conforming Landlord Estoppel Certificates shall be counted for all purposes in determining whether Seller has achieved the Minimum Required Estoppels.