Lease Estoppel definition

Lease Estoppel has the meaning set forth in Section 5.13(a).
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Lease Estoppel means a Lease Estoppel Certificate duly executed by the Landlord and addressed to the Company and the Buyer, setting forth the Lease Certifications within the context of Landlord’s interest in the Leased Premises as owner and landlord under the Lease.
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Lease Estoppel shall have the meaning set forth in Section 11.1(c).
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Examples of Lease Estoppel in a sentence

  • The failure by Borrower to cause the occurrence of the event described in clause (i) or of the events described in clause (ii) above, on or prior to May 28, 2008 shall constitute a “Ground Lease Estoppel Trigger Event” hereunder, but shall not constitute a Default or an Event of Default hereunder.

  • In conjunction with the foregoing provisions, Tenant hereby acknowledges its agreement to execute the Subordination, Non-Disturbance and Attornment Agreement and/or the Lease Estoppel Certificate required by such Mortgagee and/or Ground Lessor within ten (10) days following the receipt of a written request therefor.

  • 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).

  • 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.

  • Tenant from time to time, upon not less than ten (10) days prior written request by Landlord, will promptly deliver to Landlord a duly executed Lease Estoppel Certificate in the Building standard form (attached hereto as Exhibit G).

  • The Ground Lease Estoppel contains a covenant that the ground lessor thereunder is not permitted, in the absence of an uncured default, to disturb the possession, interest or quiet enjoyment of Borrower in the Property subject to the Ground Lease for any reason, or in any manner.

  • DEFERRED CLOSINGS 59 Section 13.1. Deferred Closings 59 Section 13.2. Failure to Deliver Ground Lease Estoppel 60 Section 13.3. Survival 60 ARTICLE XIV.

  • Each Ground Lease, or the applicable Ground Lease Estoppel Certificate, further provides that notice of termination given under such Ground Lease is not effective against Administrative Agent unless a copy of the notice has been delivered to Administrative Agent in the manner described in such Ground Lease.

  • The provisions of this Section 9 are subject to the terms of the Ground Lease Estoppel Certificate, Nondisturbance, Attornment and Consent Agreement (the “Estoppel Certificate”).

  • Tenant hereby agrees that in the event of a purchase of the Leased Premises by another party, Tenant will sign a Lease Estoppel Agreement, stating that this Lease between Tenant and Landlord is in full force and effect and that all covenants herein have been met, except that any uncompleted covenants should be noted and listed on the Lease Estoppel Agreement.


More Definitions of Lease Estoppel

Lease Estoppel is defined in Section 7.02(n)1.
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Lease Estoppel. Shall have the meaning given to it in Section 4.12.
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Lease Estoppel means a form of estoppel certificate relating to the Real Property Lease, in form and substance reasonably satisfactory to Purchaser.
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Lease Estoppel shall have the meaning ascribed to it in Section 7.11.
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Related to Lease Estoppel

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Estoppel Certificate As defined in Section 23.1(a).

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Lease Assignment has the meaning set forth in Section 3.6(d).

  • SNDA has the meaning ascribed to such term in Section 7.3.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.