Tenant Certificate definition
Examples of Tenant Certificate in a sentence
As used herein, "Seller Tenant Certificate" shall mean a Tenant Certificate signed by Seller with respect to a particular tenant which failed to execute and deliver a Tenant Certificate.
For purposes herein, a "Tenant Representation" shall mean Seller's representation and warranty contained in Paragraphs 16.2(iii), (xiii), (xx), (xxi), (xxiii), (xxiv) and (xxv) herein and Seller's representations and warranties contained in any "Seller Tenant Certificate" (hereinafter defined).
If Seller is unable to obtain the Required Amount of Tenant Certificates, Seller shall be obligated to deliver to Purchaser a Seller Tenant Certificate for those tenants who fail to execute and return a Tenant Certificate, to the extent necessary to achieve the Required Amount.
Seller shall review each Tenant Estoppel Certificate executed by a Tenant prior to transmitting such Tenant Estoppel Certificate to Purchaser and Seller shall endeavor to remedy with the Tenant executing the Tenant Certificate any matter which would, in Seller’s reasonable business judgment, entitle Purchaser to disapprove such Tenant Estoppel Certificate in accordance with the provisions of this Section.
The date upon which a Total Condemnation occurs shall be, in the case of a Total Condemnation described in clause (a) of the immediately preceding sentence, the date of the Condemnation and, in the case of a Total Condemnation described in clause (b) of the immediately preceding sentence, thirty (30) days following the latest of (i) the date of the Condemnation, (ii) the date Tenant provides the Tenant Certificate or (iii) the date Tenant ceases operation of the Property as a Permitted Facility.
Except for any Seller Tenant Certificate executed by Seller and delivered to Purchaser, Seller does not represent or warrant that any particular Lease will be in effect at Closing or that the tenant will have performed the tenant's obligations thereunder.
If Tenant does not provide the Tenant Certificate within such period, the Condemnation shall not be considered a Total Condemnation.
Any Seller Tenant Certificate shall be subject to the limitations set forth in Sections 8, 9 and 11B of this Agreement.
In addition, Seller shall be released from any liability with respect to any Seller Tenant Certificate upon the delivery to Buyer of a Tenant Estoppel Certificate from the tenant for which Seller has delivered such Seller Tenant Certificate (but only to the extent such Tenant Estoppel Certificate is consistent with such Seller Tenant Certificate).
Purchaser's obligation to close the transaction contemplated herein is contingent upon the delivery to Purchaser without any Qualification (hereafter defined) of (i) a Tenant Certificate from each Major Tenant; and (ii) a Seller Certificate in the form attached hereto as Exhibit N ("Seller Certificate") from every tenant occupying space in the Property as of the Closing Date that has not provided a Tenant Certificate.