SFR Property Documents definition

SFR Property Documents means, with respect to any Contributed Rental Property, those documents executed in connection with, evidencing or governing such Contributed Rental Property, which include with respect to such Contributed Rental Property: (i) the Deed (or true copy thereof) with evidence of recording thereon evidencing the ownership of the related Contributed Rental Property by the SFR Subsidiary, (ii) the original (or true copy thereof) title insurance policy insuring such Contributed Rental Property, (iii) a true copy of the related Lease Agreement, if any, (iv) each Assignment of Leases and Rents, (v) a Tenant estoppel certificate and subordination, non-disturbance and attornment agreements, if any, to the extent in the possession of the SFR Subsidiary, in which the related Tenant acknowledges that such Lease Agreement is in full force and effect, that such Tenant is not in default under the terms of such Lease Agreement, and that no circumstances currently exist that would give such Tenant the right to abate or offset its rent, (vi) any Contributed Rental Property zoning reports, if in possession of, or readily available to the SFR Subsidiary, (vii) a copy of the related Survey to the extent necessary in connection with the related title insurance policy and (viii) evidence of all insurance required to be maintained under such Lease Agreement, including but not limited to, with respect to any environmental insurance policy, the original or a copy of each such environmental insurance policy, if any.

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SFR Property Documents means, with respect to any Rental Property, those documents executed in connection with, evidencing or governing such Rental Property, which include with respect to such Rental Property: (i) the Deed (or true copy thereof) with evidence of recording thereon evidencing the ownership of the related Rental Property by the REO Subsidiary, (ii) the original (or true copy thereof) title insurance policy insuring such Rental Property, (iii) a true copy of the related Lease Agreement, if any, (iv) a Tenant estoppel certificate and subordination, non-disturbance and attornment agreements, if any, to the extent in the possession of the REO Subsidiary, in which the related Tenant acknowledges that such Lease Agreement is in full force and effect, that such Tenant is not in default under the terms of such Lease Agreement, and that no circumstances currently exist that would give such Tenant the right to ▇▇▇▇▇ or offset its rent, (v) any Rental Property zoning reports, (vi) a copy of the related Survey and (vii) evidence of all insurance required to be maintained under such Lease Agreement, including but not limited to, with respect to any environmental insurance policy, the original or a copy of each such environmental insurance policy, if any.

SFR Property Documents means, with respect to any Contributed Rental Property, those documents executed in connection with, evidencing or governing such Contributed Rental Property, which include with respect to such Contributed Rental Property: (i) the Deed (or true copy thereof) with evidence of recording thereon evidencing the ownership of the related Contributed Rental Property by the SFR Subsidiary, (ii) the original (or true copy thereof) title insurance policy insuring such Contributed Rental Property, (iii) a true copy of the related Lease Agreement, if any, (iv) each Assignment of Leases and Rents, (v) a Tenant estoppel certificate and subordination, non-disturbance and attornment agreements, if any, to the extent in the possession of the SFR Subsidiary, in which the related Tenant acknowledges that such Lease Agreement is in full force and effect, that such Tenant is not in default under the terms of such Lease Agreement, and that no circumstances currently exist that would give such Tenant the right to ▇▇▇▇▇ or offset its rent, (vi) any Contributed Rental Property zoning reports, if in possession of, or readily available to the SFR Subsidiary, (vii) a copy of the related Survey to the extent necessary in connection with the related title insurance policy and (viii) evidence of all insurance required to be maintained under such Lease Agreement, including but not limited to, with respect to any environmental insurance policy, the original or a copy of each such environmental insurance policy, if any.

Examples of SFR Property Documents in a sentence

• Buyer shall not be required to obtain any “mortgage banker”, “broker”, “lender” or other similar state license in order to enter into Transactions with respect to such Rental Properties or in connection with the SFR Property Documents for such Rental Properties.

• No Rental Property is or has been the subject of any compromise, adjustment, extension, satisfaction, subordination, rescission, setoff, counterclaim, defense, abatement, suspension, deferment, deduction, reduction, termination or modification, whether arising out of transactions concerning such Rental Property or otherwise, by the REO Subsidiary, any transferor thereof or other Person, except, in each case, as set forth in the SFR Property Documents delivered to Buyer.

• None of the SFR Property Documents in respect of any Rental Property has any marks or notations indicating that it has been sold, assigned, pledged, encumbered or otherwise conveyed to any Person other than the REO Subsidiary or Buyer.

• With respect to Rental Properties, Buyer or its designee shall have received on or before the day of such Transaction or Purchase Price Increase such other documents as Buyer may reasonably request, in form and substance reasonably acceptable to Buyer, including but not limited to the following: (x) the SFR Property Documents, (y) current rent roll (including actual and expected rents), if applicable and (z) Tenant credit information, as may be required by Buyer in its reasonable discretion.

• No Rental Property is or has been the subject of any compromise, adjustment, extension, satisfaction, subordination, rescission, setoff, counterclaim, defense, abatement, suspension, deferment, deduction, reduction, termination or modification, whether arising out of transactions concerning such Rental Property or otherwise, by the REO Subsidiary, any transferor thereof or other Person, except, in each case, as set forth in the SFR Property Documents delivered to Administrative Agent.

• Neither Administrative Agent nor a Buyer shall be required to obtain any “mortgage banker”, “broker”, “lender” or other similar state license in order to enter into Transactions with respect to such Rental Properties or in connection with the SFR Property Documents for such Rental Properties.

• None of the SFR Property Documents in respect of any Rental Property has any marks or notations indicating that it has been sold, assigned, pledged, encumbered or otherwise conveyed to any Person other than the REO Subsidiary or Administrative Agent.

• None of the SFR Property Documents in respect of any Rental Property have any marks or notations indicating that it has been sold, assigned, pledged, encumbered or otherwise conveyed to any Person other than SFR Subsidiary or Buyer.

• None of the SFR Property Documents in respect of any Rental Property have any marks or notations indicating that it has been sold, assigned, pledged, encumbered or otherwise conveyed to any Person other than SFR Subsidiary or Administrative Agent.

More Definitions of SFR Property Documents

SFR Property Documents means, with respect to any Rental Property, those documents executed in connection with, evidencing or governing such Rental Property, which include with respect to such Rental Property: (i) the REO Deed (or true copy thereof) with evidence of recording thereon evidencing the ownership of the related Rental Property by the REO Subsidiary, (ii) the original (or true copy thereof) title insurance policy insuring such Rental Property, (iii) a true copy of the related Lease Agreement, if any, (iv) a Tenant estoppel certificate and subordination, non-disturbance and attornment agreements, if any, to the extent in the possession of the REO Subsidiary, in which the related Tenant acknowledges that such Lease Agreement is in full force and effect, that such Tenant is not in default under the terms of such Lease Agreement, and that no circumstances currently exist that would give such Tenant the right to ▇▇▇▇▇ or offset its rent, (v) any Rental Property zoning reports, (vi) a copy of the related Survey and (vii) evidence of all insurance required to be maintained under such Lease Agreement, including but not limited to, with respect to any environmental insurance policy, the original or a copy of each such environmental insurance policy, if any.