Estoppel Threshold definition

Estoppel Threshold shall have the meaning set forth in Section 4.1(f)(iii) hereof.
Sample 1Sample 2
Estoppel Threshold shall have the meaning ascribed to such term in Section 5.1(c) herein.
Sample 1Sample 2
Estoppel Threshold means Tenant Estoppel Certificates signed by Tenants which, in aggregate, cover at least 85% of the leased gross rentable area of the Improvements as of the Effective Date (using the square footage set forth in Schedule C); provided, however, that such Estoppel Threshold must include Estoppel Certificates signed by all Major Tenants.
Sample 1

Examples of Estoppel Threshold in a sentence

  • Seller shall have delivered to Buyer Tenant Estoppel Certificates sufficient to reach the Estoppel Threshold.

  • If Purchaser elects to extend the Closing Date in accordance with the terms of this Section, then Closing will occur within five (5) days after Seller delivers to Purchaser the requisite estoppel certificates that satisfy the Minimum Estoppel Threshold.

  • To the extent the matters set forth in the Rejected Estoppel cannot be resolved to Buyer’s reasonable satisfaction on or prior to the Closing Date and to the extent the Rejected Estoppel is needed to satisfy the Estoppel Threshold, Buyer shall have the right to terminate this Agreement and receive a return of the Deposit.

  • Sellers, in their sole discretion, shall have the right, upon written notice to Purchaser at least two (2) days prior to the Scheduled Closing Date, to adjourn the Scheduled Closing Date for up to thirty (30) days to satisfy the Estoppel Threshold, to deliver the Required Estoppels and/or to deliver a Tenant Estoppel Certificate instead of a Seller’s Estoppel Certificate for any particular tenants.

  • The rentable square footage of space leased by Required Tenants shall be included in the calculation of the Eldorado Estoppel Threshold and the Cameron Estoppel Threshold, respectively, and the delivery of an estoppel certificate from the Required Tenants in accordance with the provisions of this Section 4.7 shall be applied towards the satisfaction of the Eldorado Estoppel Threshold and the Cameron Estoppel Threshold, respectively.

  • As a condition precedent to Buyer's obligation to acquire the Property, Seller shall obtain and deliver to Buyer estoppel certificates, in accordance with their respective Leases, from tenants representing seventy percent (70%) of the square feet which are leased and occupied by tenants as of the date this Agreement is fully executed (the "Estoppel Threshold").

  • It shall be a condition to Buyer's obligation to close the sale and purchase of the Property that on or before the date that is three (3) business days prior to the Closing Date, Seller provides to Buyer Tenant Executed Estoppels from tenants occupying at least ninety percent (90%) of the area of the Property actually rented to Tenants, including Tenant Executed Estoppels from all of the Major Tenants (as defined below) (collectively, the "Estoppel Threshold").

  • If Seller is unable to timely satisfy the Required Estoppel Threshold, then Seller may, in its sole discretion, extend the Closing Date for up to two successive periods of up to 15 days each in order to obtain same (for a total of 30 days if both extension periods are exercised), by delivering written notice to Purchaser at least three (3) business days prior to Closing (or, for the second extension period exercised, at least three business days prior to the end of the first extension period exercised).

  • Tenant Estoppel Certificates that equal or exceed the required Estoppel Threshold.

  • Seller shall undertake its best efforts to timely satisfy the Required Estoppel Threshold.


More Definitions of Estoppel Threshold

Estoppel Threshold shall have the meaning set forth in Section 8.5.
Sample 1
Estoppel Threshold shall have the meaning assigned thereto in Section 3.4(b).
Sample 1
Estoppel Threshold is defined in Section 9.02.
Sample 1
Estoppel Threshold means, with respect to the Properties, Conforming Tenant Estoppels signed by Tenants under each Lease with a Tenant leasing total rented square feet of space in excess of 35,000 square feet.
Sample 1

Related to Estoppel Threshold

  • Restoration Threshold means with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount of such Individual Property.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Alteration Threshold means, with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount (as defined in the Mortgage Loan Agreement) of such Individual Property.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Estoppel Letter A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.

  • Estoppel Certificate As defined in Section 23.1(a).

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the GREATER of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • SNDA means a Supplemental New Drug Application, as defined in the FDCA and applicable regulations promulgated thereunder.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance reasonably acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Major Tenants has the meaning ascribed to such term in Section 7.2.

  • S&P Approved Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a short-term unsecured and unsubordinated debt rating from S&P of “A-1”, or, if such entity does not have a short-term unsecured and unsubordinated debt rating from S&P, a long-term unsecured and unsubordinated debt rating or counterparty rating from S&P of “A+”.

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Material Alteration means any alteration affecting structural elements of the Improvements, utility or HVAC system contained in any Improvements or the exterior of any Property, the cost of which exceeds the Alteration Threshold; provided, however, that in no event shall (i) any Required Repairs, (ii) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, or (iii) alterations performed as part of a Restoration, constitute a Material Alteration.

  • Cure Deadline shall have the meaning provided in Section 11.11(a).

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.