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Estoppel
Estoppel contract clause examples

Upon request by , shall promptly (and in any event within ten (10) days after such request), give notice to each commercial Tenant demanding that such Tenant execute and deliver an estoppel certificate in form and substance reasonably

Upon request by , shall promptly (and in any event within ten (10) days after such request), give notice under each Property Document exercising any right thereunder to obtain an estoppel certificate with respect to ’s obligations under such Property Document, which certificate shall be in form and substance reasonably satisfactory to given the terms of such Property Document, provided that shall not be required to demand such certificates more frequently than two (2) times in any calendar year so long as no Trigger Period is continuing.

Within ten (10) business days following a request in writing by , shall execute, acknowledge (if acknowledgment is expressly requested) and deliver to an estoppel certificate, which, as submitted by , shall be substantially in the form of Exhibit E, attached hereto (or such other form as may be reasonably required by any prospective mortgagee or purchaser of the Project, or any portion thereof), indicating therein any exceptions thereto that may exist at that time, and shall also contain any other information reasonably requested by or ’s mortgagee or prospective mortgagee; provided, however, that if such estoppel certificate is not factually correct, then may make such changes as are necessary to make such estoppel certificate factually correct and shall thereafter return such signed estoppel certificate to within said ten (10) business day period. Any such certificate may be relied upon by any prospective mortgagee or purchaser of all or any portion of the Project. shall execute and deliver whatever other instruments may be reasonably required for such purposes; provided, however, that if such instrument is not factually correct, then may make such changes as are necessary to make such instrument factually correct and shall thereafter return such signed instrument to within ten (10) business days. At any time during the Lease Term, but only in connection with # a sale, financing or refinancing of the Project or any portion hereof or interest therein, # a Default by or # a proposed Transfer, Permitted Transfer or Alteration by , and provided that executes a commercially reasonable confidentiality agreement, may require to provide with a current financial statement and financial statements of the two (2) years prior to the current financial statement year. Such statements shall be prepared in accordance with generally accepted accounting principles and, if such is the normal practice of , shall be audited by an independent certified public accountant. Failure of to timely execute, acknowledge and deliver such estoppel certificate or other instruments shall constitute an acceptance of the Premises and an acknowledgment by that statements included in the estoppel certificate are true and correct, without exception. Notwithstanding the foregoing, in the event that # stock in the entity which constitutes under this Lease (as opposed to an entity that “Controls or is otherwise an “Affiliate” of , as those terms are defined in Section 14.8 of this Lease) is publicly traded on a national stock exchange, and # has its own, separate and distinct [[Unknown Identifier]] and [[Unknown Identifier]] filing requirements (as opposed joint or cumulative filings with an entity

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