Examples of GM Investors in a sentence
All Participating Investors, including the GM Investors which are Participating Investors, shall have the same rights and be subject to the same restrictions with respect to the conduct of and participation in the Offering.
The GM/Xxxxx Co-Investment Vehicle will acquire or redeem or arrange for the acquisition of the GM Investors' interests in each such Investment, or arrange for the sale of such asset and the distribution of the GM Investors' share of the proceeds of such sale to the GM Investors, at any time during the Liquidation Period for the Investment.
In order to exercise the 20% Co-Investment Right, GMIMCo must agree to cause one or more GM Investors to acquire at least twenty percent (20%) of the Prospective Investment (or such lesser amount as may be offered in accordance with the provisions of this Section 6.01).
The cash portion of the purchase price, as well as transaction costs payable by the Trust and its subsidiaries in connection with the transactions entered into at the First Closing, were funded with the proceeds of the First Mortgage Loan, the Mezzanine Loan and capital contributions made by the GM Investors, Hines Investor and Holding Partnership.
If GM Investors, Xxxxx Investor and Holding Partnership are obligated to participate in the acquisition of Manhattan Tower pursuant to Section 4.1, then such GM Investors, Holding Partnership and Xxxxx Investor shall organize a Maryland real estate investment trust (the "MT Trust") for the purpose of acquiring and owning Manhattan Tower.
The GM/Xxxxx Co-Investment Vehicle shall give the GM Investors at least sixty days written notice of the particular date during the Liquidation Period (the "Proposed Liquidation Date") in which the GM/Xxxxx Co-Investment Vehicle intends to acquire or redeem the GM Investors' interests in such GM/Xxxxx Co-Investment Vehicle and the appraisal or appraisals on which the acquisition or redemption will be based (if the Investment is not sold to a third party).
The governing documents of the Co-Investment Vehicle between the GM Investors and Affiliates of the Fund Partnership will set forth the rights and obligations of the parties with respect to the Investment.
The Investment Vehicle must distribute all proceeds from a forced sale (or, if applicable, apply such proceeds to the redemption of the interests of GM Investors in such Investment Vehicle) promptly following the closing of that sale, and any proceeds held back at closing must be distributed immediately upon release.
For purposes of determining when the promoted interest has been earned with respect to the First Closing Properties and Manhattan Tower, any future Co-Investment by GM Investors will not be pooled with the First Closing Properties and Manhattan Tower.
GMIMCo shall have the right (the "20% Co-Investment Right"), but not the obligation, on the terms and subject to the conditions set forth in this Agreement, to cause one or more GM Investors to co-invest with the Holding Partnership in connection with each Investment made by the Holding Partnership (specifically including any Qualified Investments made by the Xxxxx Core Fund).