SECOND AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF CENTERSPACE, LP, A NORTH DAKOTA LIMITED PARTNERSHIP DESIGNATION OF SERIES E PREFERRED UNITS September 1, 2021Centerspace • September 2nd, 2021 • Real estate investment trusts • North Dakota
Pursuant to Section 4.02 and Article XI of the Amended and Restated Agreement of Limited Partnership of Centerspace, LP, formerly known as IRET Properties, a North Dakota Limited Partnership (the “Partnership”), as amended by the First Amendment to the Agreement of Limited Partnership, (as amended, the “Partnership Agreement”), the General Partner hereby amends the Partnership Agreement as follows in connection with, among other matters, the designation and issuance of up to 1,890,957 Series E Preferred Units (as defined below) in exchange for the contribution by a new Limited Partner to the Partnership of certain property:
ASSUMPTION AGREEMENT AND AMENDMENT TO LOAN DOCUMENTS DATED AS OF BY AND AMONG PALISADES LIMITED PARTNERSHIP, a Minnesota limited partnership AND CSR - PALISADES, LLC, a Minnesota limited liability company AND MINNESOTA LIFE INSURANCE COMPANY, a...Assumption Agreement • September 2nd, 2021 • Centerspace • Real estate investment trusts • Minnesota
THIS ASSUMPTION AGREEMENT AND AMENDMENT TO LOAN DOCUMENTS (this “Assumption Agreement”), made and entered into effective as of _________________, 2021 (the “Effective Date”), by and among PALISADES LIMITED PARTNERSHIP, a Minnesota limited partnership (the “Original Borrower”), having a mailing address of 5801 South Cedar Lake Road, St. Louis Park, Minnesota 55416, MINNESOTA LIFE INSURANCE COMPANY, a Minnesota corporation (the “Lender”), having a mailing address of c/o Securian Asset Management, Inc., 400 Robert Street North, St. Paul, Minnesota 551012098, Attention: Mortgage Servicing Department, and CSR - PALISADES, LLC, a Minnesota limited liability company (the “Assuming Party”), having a mailing address of 800 LaSalle Avenue, Suite 1600, Minneapolis, Minnesota 55402, and is acknowledged and agreed to by ROBERT LEVINE, individually, BENJAMIN STEINBERG, individually, SHERMAN DEVITT, individually, and CRAIG C. AVERY, individually (the “Original Guarantors”).
