Required Estoppel Certificates definition
Examples of Required Estoppel Certificates in a sentence
Strategic shall provide reasonable assistance to Partnership in connection with obtaining such Required Estoppel Certificates and Additional Estoppel Certificates.
The Sellers shall deliver to the Purchaser, on or before the Closing Date, Estoppel Certificates for each tenant under a lease for more than 5,000 square feet of rentable space in any Shopping Center, and for not less than seventy-five percent (75%) of the other tenants on an individual Shopping Center basis (collectively, the "Required Estoppel Certificates").
Partnership shall use commercially reasonable efforts to obtain such Required Estoppel Certificates and Additional Estoppel Certificates prior to Closing.
Except for the delivery of the Required Estoppel Certificates and the Required BCR Consents, which is governed by Section 6.1(d) below, the BCR Entities and BCR Individuals transferring BCR Transferred Interests at such Closing or Development Property Closing have delivered all of the items required to be delivered to Forest City pursuant to Section 5.3 (other than deliveries under Sections 5.3(h), 5.3(i) and 5.3(j) and 5.3(k)) or Section 5.5 for such Closing or Development Property Closing.
If this Agreement is terminated by the COUNTY, the COUNTY shall be reimbursed only for performance rendered or costs incurred in accordance with the terms of this Agreement prior to the effective date of termination.
Seller's --------- liability under any Landlord Certificate shall terminate upon the sooner of: (i) two hundred seventy (270) days from the Closing Date, (ii) when Purchaser subsequently receives an Estoppel Certificate for the applicable tenant, or (iii) when Purchaser receives the Required Estoppel Certificates.
The parties acknowledge that one or more of the Required Estoppel Certificates from certain Required Tenants may not have been delivered in connection with the First Closing Property on the First Closing Date as required by Section 7.9 of the Original Agreement.
Furthermore, an estoppel certificate shall be deemed an acceptable Estoppel Certificate for purposes of this Section 9 if it contains the qualification by the tenant of any statement as being to its knowledge or as being subject to any similar qualification (the aforesaid acceptable Estoppel Certificates to be delivered are collectively referred to as the "Required Estoppel Certificates").
If Seller so extends, the Closing shall take place on or before five Business Days after the missing Required Estoppel Certificates have been received by Purchaser.
Purchaser hereby (i) acknowledges that the Required Estoppel Certificates have been delivered as required under Section 8(B) of the Purchase Agreement, (ii) waives its right to terminate the Purchase Agreement with respect to the Pre-Closing Disclosure made in that certain letter dated June 10, 1999, from Seller's counsel to Purchaser's counsel, and (iii) acknowledges that the condition precedent contained in Section 8(G) of the Purchase Agreement has been satisfied.