Casati definition
Examples of Casati in a sentence
Borrower Parties Estoppel Certificate of even date herewith, executed by Fee Holder, Beneficiary, Casati, Heise, C/H Partnership, and Mortgagee.
At the closing of Prime's purchase of the Loan, Casati shall pay to Prime the sum of $4,049,500 as a capital contribution to CTA and as a payment of accrued interest on the Loan.
Casati reserves the right to prepay all or part of the Casati Obligation at any time without penalty or premium.
Prime shall have no obligation to make any indemnification payment or provide any Indemnification Security to Casati if the Casati Obligation is not paid when due as provided above, in accordance with Paragraph 15b.
C-H Partnership, Casati and Heise have agreed to enter i▇▇▇ ▇n amendment to the limited partnership agreement of CTA (the "CTA Agreement") pursuant to which the interest of C-H Partnership as the general partner of CTA will be converted to that of a limited partner and a party designated by Prime will be admitted to CTA as the sole general partner (the "New General Partner").
Upon fulfillment of all the conditions set forth in paragraph 5 hereof, Lender releases and forever discharges Casati as of the Effective Date from all claims, liabilities, or obligations arising on or after the Effective Date relating to the Loan and the Loan Documents, monetary and non-monetary, except for claims, liabilities or obligations arising or accruing prior to the Effective Date.
The amount payable to each of Indemnitee pursuant to this calculation is the "Tax Indemnity Amount" with respect to such Indemnitee, and the sum of these Tax Indemnity Amounts is the "Total Indemnity Amount." Except as provided in Paragraph 10, the maximum amount of taxable income and gain referred to in clause (i) on which the Tax Indemnity Amount in respect of Casati can be based is $90,724,668 and in respect of ▇▇▇▇▇ is $32,337,592.
C-H Partnership, Casati and ▇▇▇▇▇ have agreed to enter into an amendment to the limited partnership agreement of CTA (the "CTA Agreement") pursuant to which the interest of C-H Partnership as the general partner of CTA will be converted to that of a limited partner and a party designated by Prime will be admitted to CTA as the sole general partner (the "New General Partner").
In executing this Agreement, Casati and ▇▇▇▇▇ acknowledge that they have been advised by tax counsel satisfactory to them that entering into the transactions described in Paragraph 2 do not cause Casati or ▇▇▇▇▇ to recognize taxable income or gain and that they have agreed to proceed in reliance on this advice and will have no claim against Prime under the terms of this Agreement if Casati or ▇▇▇▇▇ does recognize taxable income or gain as a result of entering into these transactions.
The only limited partners in the Beneficial Interest Holder are ▇▇▇▇▇▇▇ ▇▇▇▇▇, the ▇▇▇▇▇▇-▇▇▇▇▇ Partnership and the Casati Alaska Community Property Trust.