REA Party definition
Examples of REA Party in a sentence
Notwithstanding the foregoing, Seller agrees to request that each Major Tenant and other Tenants in the buildings and any REA Party execute an estoppel certificate in the form reasonably requested by Purchaser and annexed hereto as Exhibit G or such form as reasonably required by Purchaser’s lenders if such form is provided to Seller at least five (5) days prior to the end of the Evaluation Period.
No later than five (5) Business Days after the end of the Evaluation Period, Seller will request each Major Tenant and other Tenants in the buildings and any REA Party to execute an estoppel certificate in the form of Exhibit G or such form as reasonably required by Purchaser’s lenders if such form is provided to Seller at least five (5) days prior to the end of the Evaluation Period and use good faith efforts to obtain same.
Seller shall not be in default of its obligations hereunder if any Major Tenant or other Tenant or REA Party fails to deliver an estoppel certificate, or delivers an estoppel certificate which is not in accordance with this Agreement.
Members should note that staff engagement throughout the implementation of this strategy will be given paramount importance, including support from the Organisational Development team.
The REA constitutes the entire agreement between the Existing Venture and each REA Party thereto, and neither Seller nor the Existing Venture have made any oral promises or agreements amending or modifying the same.
Seller shall prepare and send to Purchaser and Tenants and each REA Party calculations and tenant xxxxxxxx for periods ending on or prior to the Closing Date with respect to Adjustable Tenant Charges, Sales Based Tenant Charges and advertising marketing and promotional contributions.
Seller has not received any written notice that remains uncured or outstanding from any of Seller's insurance carriers or any insurance carrier of any Tenant or REA Party of any material defects or inadequacies in the Property that would adversely affect the insurability of the Property or the cost of any such insurance.
Notwithstanding changes by an REA Party in the form or wording from the form of EXHIBIT "H", Buyer may only disapprove an REA Estoppel Certificate if the substance of the REA Estoppel Certificate is materially different than the forms of REA Estoppel Certificates attached hereto.
Notwithstanding the preceding sentence, any deviation from, or changes by an REA Party to, the applicable form REA Estoppel prepared by Buyer that are necessary to conform such form to the applicable provisions of the subject REA shall not provide the basis for Buyer to deem such REA Estoppel an Unacceptable REA Estoppel.
The REA Party Notification Letters and the Tenant Notification Letters, both duly executed by Purchaser (i.e., the applicable purchasing entity).