Definition of Tenant Estoppel Requirement

  1. 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).

Examples of Tenant Estoppel Requirement in a sentence

  1. Tenant Estoppels must be executed by such number of the tenants as is necessary to comply with the Tenant Estoppel Requirement.

Definition of Tenant Estoppel Requirement in Sale and Contribution Agreement

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).