Lease Estoppels definition

Lease Estoppels means, collectively, the Rockford I Lease Estoppel, the Rockford II Lease Estoppel and the Sterlington Lease Estoppel.
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Lease Estoppels has the meaning set forth in Section 7.11 of this Agreement.
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Lease Estoppels has the meaning Section 5.23(a) specifies.
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Examples of Lease Estoppels in a sentence

  • Seller shall use commercially reasonable efforts to obtain such Ground Lease Estoppels; provided, notwithstanding the foregoing, (x) Seller shall not be required to pay any money or enforce any contractual rights to procure any Ground Lease Estoppel, and (y) the receipt of a Ground Lease Estoppel for the Green Ground Lease shall not be a condition to Closing.

  • If Seller fails to obtain the foregoing Lease Estoppel(s) and Consent(s) within such one hundred eighty (180) day period, then neither party shall have any further obligation to the other with respect to the unacquired Leasehold Facility(ies).

  • Provided that the other conditions to cause the Closing to occur have been satisfied, under no circumstances shall receipt of any Third Party Approval or Notification (including any consent of any landlord under a Ground Lease, Ground Lease Estoppels, Lender Consent or University Consent) constitute a condition to the obligations of any Party to cause the Closing to occur.

  • Delivery of all of the Ground Lessor Estoppels and/or Seller Ground Lease Estoppels under Section 7.5.6, unless such right is waived under Section 7.5.6.

  • Lease Estoppels shall be dated no more than thirty (30) days prior to the Closing Date; provided, however, that Sellers shall be obligated for any amounts required by the terms of the Real Property Leases to be paid by the signatories to the Lease Estoppels and SNDAs.

  • Obtaining Ground Lease Estoppels shall not be a condition to the Closing, nor shall the Sellers be deemed to be in default of this Agreement or otherwise incur any liability in connection with failing to obtain any Ground Lease Estoppels.

  • All rental payments under the Ground Lease are required, per the terms of the Ground Lease and instructions of the lessor thereunder, to be addressed and paid as set forth in the respective Ground Lease Estoppels (the "Payment Instructions").

  • If Seller provides one or more Seller Ground Lease Estoppels covering any Ground Lease or Ground Leases for which a Ground ▇▇▇▇▇▇ Estoppel is subsequently delivered to Purchaser (a “Superseded Seller Ground Lease Estoppel”), effective upon Purchaser’s receipt of such Ground Lessor Estoppel Certificate, Seller shall have no further liability under the applicable Superseded Seller Ground Lease Estoppel.

  • DSL shall have delivered to Buyer not less than ten (10) days prior to the Closing, and Buyer shall have approved not less than five (5) days prior to the Closing, estoppel certificates in the form attached hereto as EXHIBIT H or in the form required by a Lease with respect to such Lease ("Estoppels") from the major tenants (listed on the attachment to EXHIBIT H) and all other Tenants on each of the Partnership Properties and the LVA Property.

  • Within five (5) business days of the Effective Date, Sellers shall deliver the draft Buyer Proposed Ground Lease Estoppels to Buyer for Buyer’s review and approval, which approval shall not be unreasonably withheld (it being agreed that if Buyer fails to object (specifying its reasons) to any such Buyer Proposed Ground Lease Estoppel by the expiration of such five (5) Business Day period, Buyer shall be deemed to have approved the form and substance of such Buyer Proposed Ground Lease Estoppel).


More Definitions of Lease Estoppels

Lease Estoppels has the meaning set forth in Section 3.2(m).
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Related to Lease Estoppels

  • Estoppel Letter A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.

  • 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:

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

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

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.