REA Party definition
Examples of REA Party in a sentence
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.
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.
Buyer’s review and approval of estoppel certificates from all parties to or owners of property subject to any REAs. Seller shall use good faith efforts to obtain and deliver to Buyer REA estoppel certificates in form and substance satisfactory to Buyer from any REA Party.
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 ▇▇▇▇▇▇▇▇ 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.
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.
Except in connection with matters unrelated to the transactions contemplated hereby, none of Primary Purchaser, Parallel Purchaser, their respective affiliates or any of their respective constituent partners, representatives, agents or designees shall communicate with any tenants at the Properties or any REA Party without the prior written approval of WPG, which approval shall not be unreasonably withheld, conditioned or delayed.
The REA constitutes the entire agreement between Seller and each REA Party thereto, and Seller has not made any oral promises or agreements amending, modifying or supplementing the same.
REA party notification letters in substantially the form attached hereto as Exhibit E (the “REA Party Notification Letter”) notifying the parties to the REAs (as defined below) of the change in ownership of the Property and attaching a copy of each fully executed REA Assignment and Assumption Agreement (as defined below), which REA Party Notification Letters shall be delivered to the REA parties by Purchaser (i.e., the applicable purchasing entity) immediately following Closing (with a copy to Seller).