Association Estoppel Sample Clauses


Association Estoppel. A letter from the Dulles Corner Owners Association certifying that, to the Association’s knowledge, Seller is not in default under the declaration of protective covenants for Dulles Corner.


Association Estoppel. As a condition to Purchaser’s obligation to close hereunder, Purchaser shall have received an association estoppel as outlined in the Company Disclosure Letter.

Association Estoppel. It shall be a condition precedent to Buyer’s obligation to purchase the Properties that Buyer receives an estoppel certificate from the Howard Hughes Center Property Owner’s Association under and with respect to that certain Agreement and Declaration of Covenants, Conditions and Restrictions for Howard Hughes Center, dated March 17, 1993 and recorded on June 24, 1993, as Instrument No. 93-1210312 in the Official Records of the Recorder’s Office of Los Angeles County, California, as amended (as amended, the “CC&Rs”), which estoppel certificate shall be substantially in the form attached hereto as Exhibit “O” (the “Association Estoppel Condition”). If the Association Estoppel Condition is not satisfied by 5:00 p.m. Pacific time on the date that is three (3) business days prior to the then-scheduled Closing Date, then either Buyer or Sellers may postpone the Closing Date for fifteen (15) days (but not beyond January 15, 2014) by giving written notice of such postponement to the other party by 5:00 p.m. Pacific time on the date that is at least one (1) business day prior to the then-scheduled Closing Date. If, on the Closing Date (as the same may have been extended), the Association Estoppel Condition is still not satisfied, then Buyer shall have the right to terminate this Agreement by written notice to Sellers given prior to the Closing, in which case this Agreement shall terminate, Buyer shall be entitled to a refund of the Deposit (less the Independent Consideration, which shall be paid to Sellers), and no party hereto shall have any further obligation under this Agreement except under those provisions that expressly survive a termination of this Agreement.

Association Estoppel. Lender shall have received the Association Estoppel; and

Association Estoppel. Purchaser shall have received an estoppel certificate from Broad Run Business Center Property Association in the form of Exhibit P attached hereto.

Association Estoppel. Purchaser shall have received from the Association an estoppel substantially in the form attached hereto as Exhibit X (the “Association Estoppel”) relating to the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Canyon Park Business Center dated March 14, 1995 and recorded under Document No. 9505040100 in the Official Public Real Property Records of Snohomish County, Washington, as amended by Amendment to the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Canyon Park Business Center dated December 16, 2005 and recorded under Document No. 200512270480 in the Official Public Real Property Records of Snohomish County, Washington, as further amended by Correction to Legal Description on Amendment to the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Canyon Park Business Center dated June 21, 2013 and recorded under Document No. 201306260237 in the Official Public Real Property Records of Snohomish County, Washington, and as further amended by Second Amendment to the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Canyon Park Business Center recorded on May 14, 2015 under Document No. 201505140113 in the Official Public Real Property Records of Snohomish County, Washington. In the event Seller fails, for any reason, to deliver to the Purchaser the Association Estoppel prior to the Closing (as the same may be extended in accordance with the provisions of Section 5.1 of this Agreement), then Seller will not be deemed in default hereunder, and Purchaser’s sole remedy will be to terminate this Agreement, whereupon the Escrow Agent will return the Deposit to Purchaser, and both parties will be relieved of any further obligations hereunder, except for the obligations hereunder which expressly survive Closing or other termination of this Agreement.

Association Estoppel. Seller agrees to use commercially reasonable efforts to obtain a written statement (the “Association Estoppel”) from the Park Standards Committee (the “Committee”) in connection with the Declaration of Protective Covenants and Easements for University Research Park dated December 29, 1987 which states (a) whether or not, to the knowledge of the Committee, Seller is in default and (b) the dates to which installments of assessments have been paid by Seller. Purchaser agrees to (i) pay all costs and expenses incurred by Seller in obtaining such Association Estoppel (other than Seller’s de minimus costs) and (ii) prepare and deliver to Seller the estoppel form in conformance with the provisions of this Section 13.23 for the Committee’s review. Notwithstanding the foregoing, Seller’s failure to obtain the Association Estoppel shall not be a condition to Purchaser’s obligation to complete the Closing nor give rise to any liability or obligation on the part of Seller to Purchaser or otherwise. [SIGNATURE PAGE TO FOLLOW]


Association Estoppel. Seller shall make reasonable efforts to deliver to Title Company an estoppel certificate from the Windward Business Center Association in substantially the form previously provided by Buyer to Seller (the “Association Estoppel”) at Closing. In the event the Association Estoppel is not available at Closing, the Association Estoppel shall be deemed a Post-Closing Requirement (as such term is defined in Article 13 hereof).

Association Estoppel. Seller shall obtain and deliver to Purchaser a written estoppel certificate from the property owners’ association under the Protective Covenants for Bayport North Industrial Park in the form attached hereto as Exhibit G (the “Association Estoppel”). Seller will deliver a copy of the signed Association Estoppel to Purchaser promptly following receipt. Receipt of the Association Estoppel in substantially the form attached as Exhibit G, without any material changes thereto, shall be a condition to Purchaser’s obligation to close.

Association Estoppel. The Property is subject to that certain Declaration of Protective Covenants and Restrictions for Dulles Corner by and between Dulles Corner Properties II Limited Partnership (“Dulles II) and Dulles Corner Properties I Limited Partnership (“Dulles I”) dated July 10, 1987, as supplemented by the Supplemental Declaration of Protective covenants and Restrictions by and between Sovran Bank, N.A., Dennis Griffith, trustee, Kendal E. Carson, trustee, Real Title Company, Inc., trustee and Pittsburgh National Bank, dated July 17, 1987, amended by an Amendment to Declaration of Protective Covenants and Restrictions for Dulles Corner between Dulles II and Dulles I dated May 10, 1988, as further amended and restated by the Amended and Restated Declaration of Protective Covenants and Restrictions for Dulles Corner between Dulles II and Dulles I dated September 24, 1990 and as further amended by the Amendment No. 1 to Amended and Restated Declaration of Protective Covenants and Restrictions for Dulles Corner by and between Dulles II and Mayfair Joint Venture dated December 31, 1996 (collectively, the “Declaration”). Seller and Purchaser shall endeavor to obtain an estoppel certificate from Dulles Corner Association, Inc. (“DCA”), in form reasonably acceptable to Purchaser and Seller (the “DCA Estoppel”) with respect to the Declaration. Receipt of the DCA Estoppel shall be a condition to Purchaser’s and Seller’s obligation to close. If the parties do not receive the DCA Estoppel on or before the Closing Date, then Purchaser may terminate this Agreement and the Earnest Money shall be returned to Purchaser.