Definition of Tenant Estoppel Requirement


Tenant Estoppel Requirement means Tenant Estoppels executed by eighty percent (80%) of the tenants under the Leases with respect to a Property (and such percentage will be calculated on a rentable square footage basis of the Improvements so leased).
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Examples of Tenant Estoppel Requirement in a sentence

Tenant Estoppels must be executed by such number of the tenants as is necessary to comply with the Tenant Estoppel Requirement.
The Seller Parties shall have satisfied the Tenant Estoppel Requirement.
At or prior to Closing Buyer must receive Tenant Estoppels executed by such number of the Tenants as is necessary to comply with the Tenant Estoppel Requirement.