Major Tenant Estoppel Criteria definition

Major Tenant Estoppel Criteria means a Major Tenant Estoppel Certificate (i) does not identify any material document which comprises the applicable Tenant Lease other than documents shown on Schedule 12.3.1 or documents previously disclosed by Seller to Buyer in writing on or before the date hereof, as applicable; (ii) states that landlord is not in default under the applicable Tenant Lease (which statement may be qualified by the Tenant’s actual knowledge); (iii) states that the applicable Tenant Lease is in full force and effect; (iv) states that no claim, charge, defense, or offset (other than percentage rent offsets and free rent, if any, set forth in the applicable Tenant Lease) presently exists against any amounts payable by tenant under the applicable Tenant Lease (which statement may be qualified by the Tenant’s actual knowledge), and (v) states that the Tenant is not it default under the applicable Tenant Lease (which statement may be qualified by the Tenant’s actual knowledge); provided that, if any disclosure which expressly contradicts any one or more of the required statements set forth in clauses (i) through (v) above was contained in the Schedules to this Agreement and expressly refers to this Section 1.1.128 (as such Schedules may be updated in accordance with, and subject to, the terms and conditions of Section 5.4), then such required statement or statements shall be deemed satisfied notwithstanding such disclosure.
Sample 1

Examples of Major Tenant Estoppel Criteria in a sentence

  • If any Major Tenant Estoppel Certificate is delivered after the date that is five (5) Business Days prior to the Contingency Date, then such Major Tenant Estoppel Certificate shall either (a) be acceptable to Buyer, or (b) satisfy each of the Major Tenant Estoppel Criteria.

  • If Buyer timely objects to any Major Tenant Estoppel Certificate, which objection may only be given if and to the extent it fails to satisfy a Major Tenant Estoppel Criteria, Seller shall have fifteen (15) Business Days from the date of such objections (not to extend past five (5) Business Days before the Closing Date) (the “Major Tenant Estoppel Cure Period”) within which to cure such objections to Buyer’s reasonable satisfaction.

  • The Seller’s representations and warranties contained herein shall be deemed amended to conform to all matters disclosed in each Major Tenant Estoppel Certificate which satisfies each of the Major Tenant Estoppel Criteria, is accepted by Buyer or is deemed accepted by Buyer.

Related to Major Tenant Estoppel Criteria

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

  • 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.

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

  • 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.

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

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • 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.

  • 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.

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

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Anchor Tenant means the primary customer occupying a site.

  • 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).

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

  • 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.

  • Rent Roll shall have the meaning set forth in Section 3.18 hereof.

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

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

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Punchlist means a list of items of Work to be completed or corrected by Contractor after Substantial Completion. Punchlists indicate items to be finished, remaining Work to be performed, or Work that does not meet quality or quantity requirements as required in the Contract Documents.

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.