Common use of Landlord Estoppel Clause in Contracts

Landlord Estoppel. The Company, Representative, and/or Sellers shall have shall have obtained and delivered to Purchaser a landlord estoppel certificate executed by the landlord under the Lease (the “Landlord Estoppel”) (together with a consent of such landlord to the transactions contemplated by this Agreement) in connection with the Lease. The Landlord Estoppel shall confirm the status of the Lease, including that the Lease is unmodified and in full force and effect (or, if there have been modifications, that the Lease is in full force and effect as modified and identifying the modification agreements); whether or not there is any existing or alleged default by either party with respect to which a notice of default has been served, or any facts exist which, with the passing of time or giving of notice, would constitute a default and, if there is any such default or facts, specifying the nature and extent thereof; the amount of Base Rent, Additional Rent, and TIA Rent (as such terms are defined in the Lease) being paid and the dates to which same have been paid; confirming that the landlord (or its affiliate) has acquired title to the Adjacent Parcel (as defined in the Lease); and the amount of the Tenant Improvement Allowance (as defined in the Lease) disbursed under the Lease, any amounts scheduled to be disbursed, and the remaining amount of the Tenant Improvement Allowance that remains available to the tenant under the Lease.

Landlord Estoppel. The Company, Representative, and/or Sellers shall have shall have obtained and delivered to Purchaser a landlord estoppel certificate executed by the landlord or sublandlord (as applicable) under the Lease Leases (the “Landlord EstoppelEstoppels”) (together with a consent of such landlord landlords or sublandlord, as applicable, to the transactions contemplated by this Agreement) in connection with the LeaseLeases. The Landlord Estoppel shall confirm the status of the particular Lease, including that the particular Lease is unmodified and in full force and effect (or, if there have been modifications, that the Lease is in full force and effect as modified and identifying the modification agreements); whether or not there is any existing or alleged default by either party with respect to which a notice of default has been served, or any facts exist which, with the passing of time or giving of notice, would constitute a default and, if there is any such default or facts, specifying the nature and extent thereof; the amount of Base Rentbase rent, Additional Rentadditional rent, and TIA Rent (as such terms or other payments are defined in the Lease) being paid and the dates to which same have been paid; confirming that the landlord (or its affiliate) has acquired title to the Adjacent Parcel (as defined in the Lease); and the amount of the Tenant Improvement Allowance any tenant improvement allowance (as defined in the Leaseif any) disbursed under the Lease, any amounts scheduled to be disbursed, and the remaining amount of the Tenant Improvement Allowance any tenant improvement allowance that remains available to the tenant under the particular Lease.