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Estoppel
Estoppel contract clause examples

Tenant-executed estoppel certificates (each an “Estoppel Certificate”) dated within thirty (30) days of the Closing Date either substantially in the form of Exhibit I attached hereto and made a part hereof (with blanks therein completed with information relevant to the subject Lease) or, if more restrictive, containing such information as is required pursuant to the terms of the subject Lease, in either case, from all of the Tenants; provided, however, that no Estoppel Certificate shall disclose any fact materially adverse to the applicable Tenant, such Tenant’s Lease, the Property or [[Organization B:Organization]] or materially inconsistent with the representations and warranties of [[Organization A:Organization]] provided herein; it being acknowledged and agreed that the obligation of [[Organization B:Organization]] to close the transactions contemplated by this Agreement shall not be contingent upon any particular existing Lease remaining in force and effect or remaining without default as of the Closing Date;

Tenant Estoppel Certificates. (a) shall have received estoppel certificates in the form required hereunder (or, if a tenant has modified an estoppel certificate, such modifications are otherwise reasonably acceptable to ) and dated no more than thirty (30) days prior to the Closing Date (the “Estoppel Certificates”) from the Required Tenants. For purposes hereof, the term “Required Tenants” shall mean and refer to any combination of tenants of the Properties that lease at least seventy percent (70%) of the aggregate rentable space that is leased as of the Effective Date pursuant to the Leases. The Estoppel Certificates executed by tenants shall be in substantially the form of [Exhibit F]; provided, however, that an Estoppel Certificate executed by a tenant shall not be deemed an unacceptable Estoppel Certificate for purposes of this [Section 7.2.2.1] if it # contains the qualification by the tenant of any statement as being to its knowledge or as being subject to any similar qualification or # does not contain any more information than that which the tenant is required to give in any such certificate pursuant to its Lease. agrees that even though ’s receipt of estoppel certificates from all tenants under the Leases is not a condition to the Closing of the transactions contemplated hereunder, shall use commercially reasonable efforts to obtain Estoppel Certificates from all of the tenants under the Leases.

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