Space Tenant Estoppel Criteria definition

Space Tenant Estoppel Criteria means a Space Tenant Estoppel Certificate (i) does not identify any material document which comprises the applicable Tenant Lease other than documents previously disclosed by Seller to Buyer in writing on or before the date hereof; (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 rents payable by the Tenant under the applicable Tenant Lease and that no condition or state of facts presently exists that would give the Tenant a right to terminate the applicable Tenant Lease (other than a kick-out right based on sales) (which statements may be qualified by the Tenant’s actual knowledge); and (v) states that the Tenant is not in 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 one or more of the required statements set forth in clauses (i) through (v) above was disclosed in a written disclosure from Seller to Buyer given on or before date hereof, then such required statement or statements shall be deemed satisfied notwithstanding such disclosure.
Sample 1

Examples of Space Tenant Estoppel Criteria in a sentence

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

  • If Buyer timely objects to any Space Tenant Estoppel Certificate, which objection may only be given if and to the extent it fails to satisfy a Space Tenant Estoppel Criteria and it is not deemed accepted by Buyer under this Section 6.1.2, Seller may cure such objections to Buyer’s reasonable satisfaction and/or obtain additional Space Tenant Estoppel Certificates but not later than five (5) Business Days before Closing.

Related to Space Tenant Estoppel Criteria

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

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

  • 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.

  • 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.

  • 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.

  • 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 reasonably 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 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).

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

  • Ground Lessor means the lessor under the Ground Lease.

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

  • 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.

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

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

  • Anchor Tenant means, with respect to a Community Renewable Energy Generation Project, the non-End Use Customer subscriber designated by Seller as such under its SFA application.” The following is added as Section 1.3.3:

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

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

  • Work Letter means the work letter between Landlord and Tenant regarding the construction of the Tenant Improvements, if any, in the form of Exhibit C.

  • Open space land means (a) any land area so designated by an

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

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

  • 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.