Required Estoppels definition

Required Estoppels shall have the meaning ascribed thereto in Section 7.1(d) hereof.

Required Estoppels has the meaning set forth in Section 2.7.

Required Estoppels means the delivery to Buyer of Estoppel Certificates which do not disclose any facts objectionable to Buyer in its reasonable opinion, which Certificates shall be in form reasonably required by Buyer, from:

Examples of Required Estoppels in a sentence

• A Seller Estoppel (if given) shall be an acceptable substitute for the respective Tenant Estoppel not yet received and shall count toward the delivery requirement with respect to the Required Estoppels.

• Any Tenant Estoppel so rejected shall not be counted towards satisfaction of the Required Estoppels.

• In addition, Sellers shall have delivered the Mandatory Estoppels, any CRE Estoppels that Seller has received, any Required Estoppels that Seller has received that are not Mandatory Estoppels, and any Seller Estoppels for Required Estoppels that are not Mandatory Estoppels and were not received by Sellers.

• Parties acknowledge that employer-employee relationship exists between the SERVICE PROVIDER and the personnel.

• Seller shall forward a request for Estoppels to each of the Tenants; provided, however, that other than delivery of Required Estoppels (as hereinafter defined) pursuant to Section 12.2.3 hereof, delivery of such Estoppels shall not be a condition to Buyer’s obligations hereunder and shall not relieve Buyer’s obligation to close.

More Definitions of Required Estoppels

Required Estoppels means Tenant Estoppel Certificates for the following Tenants: Command Logistics Services, Inc., Union Supply Company and Maran, Inc. The foregoing condition precedent to deliver Tenant Estoppel Certificates and/or Seller Estoppel Certificates (up to the Seller Estoppel Maximum) shall be referred to herein as the “Tenant Estoppel Condition.” Seller shall use reasonable efforts (but without obligation to incur any cost or expense or institute any legal action) to obtain and deliver such Tenant Estoppel Certificates. If any Tenant Estoppel Certificate includes material adverse disclosures that were not previously disclosed in the applicable Lease, this Agreement or any other document delivered to Buyer prior to the expiration of the Due Diligence Period (each, a “Noncomplying Tenant Estoppel Certificate”), then Buyer shall have the right to object to such Noncomplying Tenant Estoppel Certificate. If Buyer fails to deliver written notice to Seller setting forth Buyer’s objections to any Noncomplying Tenant Estoppel Certificate within two (2) business days after Buyer’s receipt thereof (which may be submitted to Buyer in either the form proposed to be executed by such Tenant or as executed by such Tenant, and which, notwithstanding Paragraph 20, may be delivered to Buyer via electronic mail), then Buyer shall be conclusively deemed to have approved such Noncomplying Tenant Estoppel Certificate. For any Tenant from whom Seller is unable to obtain such a Tenant Estoppel Certificate, Seller may, but shall not be obligated to, deliver to Buyer and Buyer shall accept (up to the Seller Estoppel Maximum) a certificate from Seller with respect to such Tenant and such Tenant’s Lease (“Seller Estoppel Certificate”) stating as of the date delivered (1) to Seller’s actual knowledge, neither Seller nor the Tenant is in default under the Lease except for the defaults specified in the Seller Estoppel Certificate, (2) the date through which base rent under the Lease has been paid, (3) the documents constituting the Lease and that, to Seller’s actual knowledge, the Lease is in full force and effect and has not been supplemented or amended except as set forth in such Lease documents, and (4) the amount of the security deposit held by Seller for such Tenant. If, after Seller delivers such Seller Estoppel Certificate with respect to a Tenant, Buyer receives a Tenant Estoppel Certificate executed by such Tenant, the Seller Estoppel Certificate with respect to such Tenant shall be o...

Required Estoppels shall have the meaning ascribed to it in Section 9.2(a)(v).

Required Estoppels means fully-executed tenant estoppel certificates addressed to Lender, and its successors and assigns (which estoppel certificate must be in substance acceptable to Lender in its sole discretion, and may be in the standard form provided by Sole Tenant in connection with transactions similar to the Loan, or such other form as may be acceptable to Lender in Lender’s sole discretion) from the Required Estoppel Tenants.

Required Estoppels. For the avoidance of doubt, the parties under the Temporary Occupancy and Ancillary Agreements referenced on Exhibit C-2 shall not be considered tenants from which “Required Estoppels” are required under this Section 6.4(a).

Required Estoppels shall have the meaning assigned thereto in subparagraph 6.2(a)(i)(G).

Required Estoppels shall have the meaning assigned thereto in Section 5.2(f).

Required Estoppels means (a) Estoppels from each Anchor and each other individual Tenant which under its Lease occupies 5,000 or more square feet of floor area, and (b) Estoppels from Tenants under not fewer than 75% of the other Leases.