Examples of Acceptable Estoppel Certificate in a sentence
Notwithstanding anything contained herein to the contrary, in no event shall Seller’s failure to obtain the Acceptable Estoppel Certificate in accordance with this Section 7.2 constitute a default by Seller under this Agreement.
It will be a condition to Closing that Seller obtain and deliver to Purchaser, from the major tenant leasing space in the Improvements listed on Exhibit C-1 (“Major Tenant”), an executed Acceptable Estoppel Certificate.
Seller shall use its commercially reasonable efforts to deliver to Buyer an Acceptable Estoppel Certificate (as defined below) from all of the tenants of each Property.
For clarification purposes, an estoppel certificate that meets the foregoing criteria shall nonetheless be an Acceptable Estoppel Certificate even though Schwab modifies any statement in the estoppel certificate that it has no offset rights and/or claims and/or that Seller is not in default under the applicable lease by including a best or actual knowledge limitation.
Purchaser will have the right, but not the obligation, in its sole and absolute discretion, to waive the requirement that Seller furnish an Acceptable Estoppel Certificate with respect to any particular Required Tenant.
Buyer shall have received an Acceptable Estoppel Certificate from Schwab.
Notwithstanding any provisions in this Agreement to the contrary, if Buyer fails to object in writing to an Acceptable Estoppel Certificate executed by any tenant within five (5) business days after the date the same has been delivered to Buyer, Buyer shall be deemed to have approved the same.
For clarification purposes, an estoppel certificate that meets the foregoing criteria shall nonetheless be an Acceptable Estoppel Certificate even though a tenant 16 modifies any statement in the estoppel certificate that it has no offset rights and/or claims and/or that Seller is not in default under the applicable lease by including a best or actual knowledge limitation, and/or if any or all guarantors of the applicable lease do not execute such estoppel.
Prior to the Closing, Vantage will, or will cause the Group Companies to, use commercially reasonable efforts to obtain (i) the Required Consent and (ii) an Acceptable Estoppel Certificate from the tenants listed on E xhibit 6.5(c)(ii) with respect to the respective premises set forth on E xhibit 6.5(c)(ii).
If after using commercially reasonable efforts Seller is unable to deliver the SNDAs from the SNDA Tenants, Buyer shall be permitted, but not required, to contact the applicable SNDA Tenants directly to obtain the necessary SNDAs prior to Closing, provided, however, that Buyer’s right to contact said SNDA Tenant shall only apply to such SNDA Tenants that have previously delivered an Acceptable Estoppel Certificate to Seller in accordance with this Agreement.