Seller Estoppels definition

Seller Estoppels shall have the meaning assigned thereto in Section 3.5(b).
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Seller Estoppels shall have the meaning ascribed thereto in Section 7.1(d) hereof.
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Seller Estoppels shall have the meaning assigned thereto in Section 10.3 hereof.
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Examples of Seller Estoppels in a sentence

  • 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 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.

  • BCSP’s liability under any Seller Estoppels or the Seller REA Estoppel shall not be subject to the Representation Cap, provided that in no event shall BCSP be liable to Investor for damages under any Seller Estoppels or the Seller REA Estoppel in an aggregate amount in excess of Two Million Five Hundred Thousand Dollars ($2,500,000.00).

  • Seller shall have delivered to Buyer the Tenant Estoppels from the Required Tenants, or Seller Estoppels, if any, on or before ten (10) days prior to the Closing Date, as required under Section 8 hereunder.

  • Seller shall have delivered to Buyer the Tenant Estoppels from the Required Tenants and all other, remaining Tenants (or, as to such other, remaining Tenants, Seller Estoppels), on or before three (3) Business Days prior to the Closing Date, as required under Section 8 hereunder.

  • In the event Seller delivers any Seller Estoppels, such Seller Estoppels shall survive the Closing until the earlier to occur of: (1) the date that any such Seller Estoppel is replaced with the applicable Tenant Estoppel, and (2) two hundred seventy (270) days.

  • 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.

  • Seller hereby confirms it shall deliver Seller Estoppels as required by the last sentence of Section 4.7 of the Agreement.


More Definitions of Seller Estoppels

Seller Estoppels shall have the meaning assigned thereto in subparagraph 6.2(a)(i)(G).
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Seller Estoppels shall have the meaning assigned thereto in Section 5.2(f).
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Seller Estoppels is hereby added to Section 1.1 of the Loan Agreement: 40646502v7
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Seller Estoppels means the seller estoppel certificates required to be delivered to Lender in accordance with the terms of the Assumption Agreement.
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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.
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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 those consents and approvals from Governmental Authorities for the assignment of the Assets to the Buyer 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:

  • 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 Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • 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 those Contracts of Seller or any Other Seller that relate primarily to the Business.

  • Assumed Leases has the meaning set forth in Section 2.1(l).

  • 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 reasonably 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.

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

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

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