Tenant Estoppel Requirement definition

Tenant Estoppel Requirement means the receipt by the Buyer Parties of Acceptable Tenant Estoppel Certificates (A) from tenants at the Target Properties leasing at least 50% of the Tenant Occupied Square Footage of the Target Properties in the aggregate, and (B) from tenants at each individual Target Property leasing at least 50% of the Tenant Occupied Square Footage of such Target Property, for 75% of the Target Properties, where the number of Target Properties based on such percentage shall be rounded up (if 0.5 and over) or down (if below 0.5) to the nearest whole number in the event that any Target Property becomes an Eliminated Target Property and is excluded from the Transactions.
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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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Tenant Estoppel Requirement shall have the meaning ascribed to such term in Section 3.1(i) of this Agreement.
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Examples of Tenant Estoppel Requirement in a sentence

  • The Seller Parties shall have satisfied the Tenant Estoppel Requirement.

  • As a condition precedent to Prudential’s obligations at Closing, Cousins shall deliver to Prudential at or prior to Closing Tenant Estoppels executed by such number of the Space Tenants as is necessary to comply with the Tenant Estoppel Requirement.

  • Evidence for the occurrence of electrochemical reactions and their interaction with chemical reactions during the corrosion of pure Fe with solid NaCl deposit in water vapor at 600 degrees C.

  • If Seller elects not so to extend Closing, Purchaser shall have five (5) days after receipt of notice thereof in which to give Seller notice that it terminates this Agreement (in which event the Deposit shall be promptly refunded to Purchaser), failing which the Tenant Estoppel Requirement shall be deemed satisfied.

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

  • If Seller is unable to satisfy the Tenant Estoppel Requirement within said ten (10) day extension, Seller may extend the Closing for up to an additional twenty (20) days for the sole purpose of Seller's attempting to satisfy the Tenant Estoppel Requirement.

  • If Seller is unable to satisfy the Tenant Estoppel Requirement prior to the expiration of such total of thirty (30) day extensions, Purchaser may terminate this Agreement by giving notice to Seller and Escrow Agent prior to satisfaction of the Tenant Estoppel Requirement.

  • In the event that Seller fails to obtain the Tenant Estoppels that are or are deemed to be satisfactory to Purchaser with respect to tenants of the Property sufficient to meet the requirement described on Exhibit F attached hereto (the “Tenant Estoppel Requirement”) on or before five (5) business days prior to Closing, Closing shall be automatically extended for up to ten (10) days for the sole purpose of Seller's attempting to satisfy the Tenant Estoppel Requirement.

  • Cousins shall use its commercially reasonable efforts to deliver to Prudential at or prior to Closing Tenant Estoppels from each of the Space Tenants substantially in the form of the Tenant Estoppel Form or, if the Space Lease includes a different form, substantially in the form Contribution Agreement required by the Space Lease (which shall, for the purposes of this Agreement, satisfy the Tenant Estoppel Requirement if the Tenant so uses the form attached to its Space Lease).

  • In addition, the share of families with any entertainment expenditures, which was stable at onset, drops by about 10% at exhaustion.At exhaustion, families appear to prioritize their most important financial commitments, which show relatively small drops in spending.


More Definitions of Tenant Estoppel Requirement

Tenant Estoppel Requirement means Tenant Estoppels executed by (i) Tenant under the Bank Lease (to be executed as a Closing Document), (ii) all tenants who rent over 40,000 rsf, and (iii) eighty percent (80%) of all Tenants (including the Bank Lease and all tenants who rent over 40,000 rsf) (and such percentage shall calculated by the rentable square footage basis of the improvements so leased).
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Tenant Estoppel Requirement means the requirement of Purchaser to receive a Qualifying Tenant Estoppel from Caracol 2. “Title Company” means First American Title Company, 000 X. Xxxxx Xxxxx Xxxxxx, Ste. 220 San Jose, CA 95113, Attn: Xxxxx X. Xxxxxxx, xxxxxxxxx@xxxxxxx.xxx, (000) 000-0000. 2.
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Related to Tenant Estoppel Requirement

  • 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 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 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 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.

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

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

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

  • 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.

  • 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 Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by Collateral Agent.

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

  • Occupancy Permit means a document authorizing the use of a development undertaken in accordance with a development permit issued pursuant to this Land Use Bylaw;

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

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

  • 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.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • 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.

  • Anchor Tenant means the primary customer occupying a site.

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

  • Collocation Space means an area of space located in a building to be used by CLEC to house telecommunications equipment that is necessary for interconnection or access to UNEs. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.