Definition of Ground Lease Estoppel Letter


Ground Lease Estoppel Letter means a letter or other certificate from the Ground Lessor consenting to the transfer of Sellers interest in the Ground Lease to Buyer and certifying as to certain matters regarding the Ground Lease, in substantially the form attached hereto as Exhibit 1.23.

Examples of Ground Lease Estoppel Letter in a sentence

In connection therewith, the parties will diligently pursue any reasonable changes to the form of Ground Lease Estoppel Letter requested by Ground Lessor.
The parties shall have received the Ground Lease Estoppel Letter.
Buyer and Seller agree that in connection with the sale of the Property, it shall be a condition precedent to the Closing obligations of Seller and Buyer that Buyer obtain the Ground Lease Estoppel Letter.
Seller will deliver a copy of the executed Ground Lease Estoppel Letter promptly after receipt from Ground Lessor and will deliver the executed original Ground Lease Estoppel Letter at Closing.
Each of Buyer and Seller shall pay their respective attorneys fees incurred in connection any negotiation of the form of Ground Lease Estoppel Letter.