Ground Lease Estoppels definition

Ground Lease Estoppels means estoppel certificates from the lessor of a Ground Lease, substantially in the form of Exhibit A attached hereto or in such other form as may be attached to the applicable Ground Lease.
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Ground Lease Estoppels shall have the meaning assigned to such term in Section 3.5(j).
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Ground Lease Estoppels has the meaning set forth in Section 13.10.2.
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Examples of Ground Lease Estoppels in a sentence

  • Exhibit G - Form of Ground Lease Estoppels [Omitted as not necessary to an understanding of the Agreement] Confidential Treatment Requested by CNL Lifestyle Properties, Inc.

  • Wyndham shall use commercially reasonable good faith efforts to obtain the Ground Lease Estoppels (subject to known exceptions, but without limitation of Purchaser’s rights under Section 5.1(g) or Section 5.4(a)) on or before the Closing Date, and Purchaser shall use commercially reasonable good faith efforts to cooperate with Wyndham in such efforts.

  • Each Ground Lessee shall direct DDR (or the appropriate DDR-Related Party) use commercially reasonable efforts to obtain the prompt return of the executed Ground Lease Estoppels from each Ground Lessor under the applicable Ground Lease (without the obligation to make any payments or grant any concessions under the Ground Leases or otherwise incur any additional obligations, liabilities or expenses in connection therewith).

  • Provided that the other conditions to cause the Closing to occur have been satisfied, under no circumstances shall receipt of any Third Party Approval or Notification (including any consent of any landlord under a Ground Lease, Ground Lease Estoppels, Lender Consent or University Consent) constitute a condition to the obligations of any Party to cause the Closing to occur.

  • All rental payments under the Ground Lease are required, per the terms of the Ground Lease and instructions of the lessor thereunder, to be addressed and paid as set forth in the respective Ground Lease Estoppels (the "Payment Instructions").

  • The purpose of this phenomenological study was to understand and describe employers’ perceptions of career readiness of graduates from a community college HVAC program in Kansas.

  • Buyer agrees to make representatives available for all meetings with Ground Lessors concerning requests for Ground Lessor’s Consents and Ground Lease Estoppels.

  • Notwithstanding anything to the contrary contained in the Purchase Agreement, the parties acknowledge and agree that updated Ground Lease Estoppels and updated Condominium Certification and Estoppels, dated as of December 1, 2007 will be delivered by Seller within thirty (30) days after Close of Escrow.

  • Ground Lease Estoppels shall be dated within thirty (30) days of Closing (unless the Scheduled Closing Date has been adjourned for any reason (including a request by Purchaser for adjournment agreed to by Seller) by Purchaser).

  • As of the Closing Date, the Borrower has not delivered to Administrative Agent the Ground Lease Estoppels.


More Definitions of Ground Lease Estoppels

Ground Lease Estoppels. (or individually, a “Ground Lease Estoppel”) shall mean the estoppel certificates from each Ground Lessor under a Ground Lease, which may include the Ground Lease Consents, substantially in the respective forms attached hereto as Exhibit K or such other form as may be required by the applicable Ground Lessor and which is reasonably acceptable to Purchaser’s Lender. “Ground Leases” (or individually, a “Ground Lease”) shall mean the ground leases set forth on Schedule 4 attached hereto for the Properties or portions thereof described on Schedule 4.
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Ground Lease Estoppels means, for each of the Ground Leases other than the Radian Ground Lease, an estoppel from the applicable landlord under such Ground Lease covering the landlord or lessor estoppel items set forth in the applicable Ground Lease, or if such items are not included in the applicable Ground Lease, an estoppel covering the items set forth on Annex H attached hereto.
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Ground Lease Estoppels means estoppel certificates from all lessors under the Ground Leases in a form reasonably acceptable to Parent.
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Ground Lease Estoppels has the meaning provided in Section 6.24. CREDIT AGREEMENT – Page 13 Omega SNF Portfolio
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Related to Ground Lease Estoppels

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • 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 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.

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • 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.

  • Real Estate Leases is defined in Section 4.7.

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

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

  • Qualified Ground Lease means each of the ground leases or ground subleases set forth on Schedule 1.01(d) hereto and for a Future Property means any ground lease (a) which is a direct ground lease or ground sublease granted by the fee owner of real property or a master ground lessee from such fee owner, (b) which may be transferred and/or assigned without the consent of the lessor (or as to which the lease expressly provides that (i) such lease may be transferred and/or assigned with the consent of the lessor and (ii) such consent shall not be unreasonably withheld or delayed) or subject to certain reasonable pre‑defined requirements, (c) which has a remaining term (including any renewal terms exercisable at the sole option of the lessee) of at least twenty (20) years, (d) under which no material default has occurred and is continuing, (e) with respect to which a Lien may be granted without the consent of the lessor (but subject to customary requirements regarding the nature of the holder of such Lien and prior notice to the lessor), (f) which contains customary and reasonable lender protection provisions, including, without limitation, provisions to the effect that (i) the lessor shall notify any holder of a Lien in such lease of the occurrence of any default by the lessee under such lease and shall afford such holder the option to cure such default, and (ii) in the event that such lease is terminated, such holder shall have the option to enter into a new lease having terms substantially identical to those contained in the terminated lease and (g) which otherwise contains no non-customary terms that are material and adverse to the lessee.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • 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.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • New Leases means, collectively, any lease for space at the Property entered into between the Commencement Date and the Closing Date.