Examples of REA Estoppel in a sentence
To the extent an REA Estoppel Certificate certifies information which is the subject of Seller's warranty under this Paragraph 13(a)(x), thereafter, the warranty set forth herein shall be of no further force or effect.
Property Owner's sole obligation hereunder shall be to utilize commercially reasonable efforts to obtain such Tenant Estoppel Certificates and REA Estoppel Certificates (such commercially reasonable efforts obligation not including any obligation to institute legal proceedings, waive any rights, or to grant any concessions or expend any monies therefor).
Buyer shall have 5 days after the date of Buyer's receipt of each such "REA Estoppel" to notify Seller of any objection Buyer may have regarding such estoppel, and in the event Buyer fails to so notify Seller, Buyer shall be deemed to have approved such estoppel.
Notwithstanding the preceding sentence, any deviation from, or changes by an REA Party to, the applicable form REA Estoppel prepared by Buyer that are necessary to conform such form to the applicable provisions of the subject REA shall not provide the basis for Buyer to deem such REA Estoppel an Unacceptable REA Estoppel.
Any executed REA Estoppel Certificate which alleges a material default by Property Owner under the Operating Agreement or facts which are materially inconsistent with the information set forth in the REA Estoppel Certificate delivered to such Anchor Store shall not, at CBL/OP's election, satisfy this closing condition.