Estoppel Agreements definition
Examples of Estoppel Agreements in a sentence
The Borrower shall, and shall cause each member of the Borrower Group to, (a) use reasonable efforts to obtain from the relevant lessors with respect to each Colocation Lease entered into after the Effective Date Landlord Consent and Estoppel Agreements in favor of the Administrative Agent, and (b) report to the Administrative Agent in writing within sixty days after entering into each Colocation Lease after the Closing Date as to the status of such efforts with respect to each Colocation Lease.
The Borrower shall deliver or cause to be delivered to the Administrative Agent, promptly upon their execution, all such Landlord Consent and Estoppel Agreements.
Seller shall use its best efforts to promptly obtain, and Purchaser agrees to cooperate with Seller, at Seller’s expense, in its effort to obtain, (i) the Third Party Consents, (ii) a Ground Lessor Estoppel with respect to each Ground Lease, (iii) a Non-Disturbance Agreement from any Ground Lessor’s mortgagee whose mortgage has priority over the Ground Lease; and (iv) the Estoppel Agreements.
Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, the Administrative Agent is hereby authorized by the Lenders to enter into Modifications to the Loan Documents which are ministerial in nature, including the preparation, execution and Modification of Uniform Commercial Code forms, Assignments and Assumptions, Joinders, SNDA Agreements, Tenant Estoppel Agreements and Ground Lease Estoppel Agreements.
The Agent shall have received Estoppel Agreements substantially in the form of Exhibit D attached hereto from Tenants who lease and occupy at least 60% of the aggregate occupied gross leasable area of the Mortgaged Properties.
The Agent shall have received (a) Subordination, Attornment and Non-Disturbance Agreements, in form and substance satisfactory to the Agent, and (b) Estoppel Agreements in form and substance satisfactory to the Agent, in each case from each of the commercial tenants under the Leases which occupy more than five percent (5%) square feet of gross rentable area of any of the Collateral Properties.
The $2,000,000 Note and the Construction Notes are collectively referred to herein as "the Notes." The Loan will be evidenced by the Notes, together with Assignment and Estoppel Agreements, UCC Financing Statements, and other documents executed in connection with, or pertaining to, the Loan, the Notes, or this Agreement, and any extension, renewal, and/or modification of any such instrument or document.
Sellers shall have purchased all shares owned by Other Shareholders and shall deliver to Company executed Stock Purchase and Estoppel Agreements in substantially the form attached hereto as Exhibit 5.01(k).
The Agent shall have received Estoppel Agreements in form and substance satisfactory to the Agent, in each case from each of the commercial tenants under the Leases which occupy more than 5,000 square feet of gross rentable area of any of the Eligible Properties.
The Agent shall have received Estoppel Agreements in form and substance satisfactory to the Agent, in each case from each of the commercial tenants under the Leases which occupy more than five percent (5%) square feet of gross rentable area of any of the Eligible Properties.