Seller Estoppels definition

Seller Estoppels shall have the meaning assigned thereto in Section 3.5(b).
Sample 1Sample 2Sample 3
Seller Estoppels shall have the meaning ascribed thereto in Section 7.1(d) hereof.
Sample 1Sample 2Sample 3
Seller Estoppels shall have the meaning assigned thereto in Section 5.2(f).
Sample 1

Examples of Seller Estoppels in a sentence

  • To the extent that Seller Estoppels are delivered with respect to any Lease, such estoppel shall be deemed of no further force or effect upon the delivery of a Tenant Estoppel from the applicable tenant which is not inconsistent with the Seller Estoppel.

  • Seller shall deliver at Closing either Seller Estoppels or Tenant Estoppels for each Lease.

  • In the Fall of 1997, the Illinois General Assembly enacted legislation providing for the deregulation of the electric utility industry within the State.

  • In addition, Sellers shall have delivered the Mandatory Estoppels, any CRE Estoppels that Seller has received, any Required Estoppels that Seller has received that are not Mandatory Estoppels, and any Seller Estoppels for Required Estoppels that are not Mandatory Estoppels and were not received by Sellers.

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Estoppels covering any Lease or Leases for which an Estoppel Certificate is subsequently delivered to Purchaser (a “Superseded Seller Estoppel”), effective upon Purchaser’s receipt of such Estoppel Certificate, Seller shall have no further liability under the applicable Superseded Seller Estoppel.

  • If necessary to achieve the Required Estoppel Percentage for the Building, Seller, at its option, may deliver to Purchaser a representation letter substantially in the form of Exhibit C-2 (each, a “Seller Estoppel”) with respect to one or more Leases; provided, however, such Seller Estoppels shall not collectively represent in excess of ten percent (10%) of the occupied rentable area of the Building.

  • The business with the least expenses could have a larger market area than their competitors.

  • Seller shall have delivered to or for the benefit of the Company the requisite Tenant Estoppels, Seller Estoppels, Landlord Estoppels, and/or Substitute Ground Lessor Estoppels required under Sections 7.05 and 7.06.

  • Notwithstanding the foregoing, if Seller is unable to obtain the Tenant Estoppels with respect to any Properties, Seller may deliver to the Company at the Closing substitute estoppel certificates signed by Seller (each a "Seller Estoppel") representing up to fifteen (15%) percent of the total leased rentable square footage under all Leases in effect as of the date hereof and the Company shall accept in lieu of such Tenant Estoppel signed by the tenants such Seller Estoppels.

  • Originals (or copies to the extent originals have not been received by the Seller or the Property Manager) of the Major Tenant Estoppels, the Space Tenant Estoppel Certificates, the REA Estoppel Certificate, the Development Agreement Estoppel Certificates, the Ground Lease Estoppel Certificate and the Seller Estoppels delivered in satisfaction of the conditions set forth in Section 6.1.


More Definitions of Seller Estoppels

Seller Estoppels means lease estoppel certificates in the form of Exhibit R, executed by Seller. Upon receipt by Buyer of a post-closing Tenant Estoppel from a Seller Estoppel Tenant, any corresponding Seller Estoppel with respect to the Seller Estoppel Tenant referenced in the post-closing Tenant Estoppel shall thereupon and without further act of either party hereto become of no further force or effect to the to the extent that the Tenant Estoppel confirms in all material respects the information contained in the applicable Seller Estoppel. Except as aforesaid, the statements contained in the Seller Estoppel with respect to the respective Leases referenced therein shall survive the Closing for the benefit of Buyer for the remainder of the term (including renewals or extensions at the option of the Tenant) of the Lease, but in no event beyond the date of any subsequent voluntary modification entered into by Buyer or its successors or assigns with respect to such Lease.
Sample 1
Seller Estoppels is hereby added to Section 1.1 of the Loan Agreement: 40646502v7
Sample 1
Seller Estoppels means the seller estoppel certificates required to be delivered to Lender in accordance with the terms of the Assumption Agreement.
Sample 1
Seller Estoppels shall have the meaning assigned thereto in Section 10.3 hereof.
Sample 1
Seller Estoppels shall have the meaning assigned thereto in subparagraph 6.2(a)(i)(G).
Sample 1

Related to Seller Estoppels

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Seller Closing Certificate has the meaning set forth in Section 7.02(d).

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Customary Post-Closing Consents means the consents and approvals from Governmental Bodies for the assignment of the Assets to Purchaser that are customarily obtained after the assignment of properties similar to the Assets.

  • 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.

  • Buyer Closing Certificate has the meaning set forth in Section 7.03(d).

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

  • Seller Consents has the meaning set forth in Section 3.03.

  • Real Property Deliverables means each of the following agreements, instruments and other documents in respect of each Facility, each in form and substance reasonably satisfactory to the Collateral Agent:

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

  • Seller has the meaning set forth in the Preamble.

  • 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.

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Assumed Leases has the meaning set forth in Section 2.6(b).

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

  • Required Consents shall have the meaning set forth in Section 4.5.

  • Seller’s Counsel has the meaning set forth in Section 10.13(a).

  • Title Documents shall have the meaning set forth in Section 4.1.

  • 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.

  • Seller Liens shall have the meaning set forth in Section 4.3.

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).