Kramont definition

Kramont means Kramont Realty Trust, a Maryland real estate investment trust, and the general partner of Kramont OP.
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Kramont has the meaning set forth in the introductory paragraph of this Loan Agreement.
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Examples of Kramont in a sentence

  • If the box below is checked, the undersigned will contribute its Limited Partner Contributed Interests to Holdings and will then contribute all of its limited partner interest in Holdings (except the Meshon Retained Interest) to Kramont OP.

  • Kramont Realty Trust will consist of 84 properties encompassing approximately 11 million square feet in 16 states with an asset base of approximately $800 million.

  • The original Machinery Control and Surveillance system (MCAS) is becoming obsolete, with no affordable options for integrating new equipments.

  • Through aggressive leasing, renovation, upgrading and maintenance of properties, we expect to sharply increase Kranzco's 92 percent occupancy rate, while increasing the value and revenue stream from fully leased properties over the long term." Commenting on the merger agreement, Kranzdorf said, " Kramont shall seek to enhance shareholder value in a consolidating industry.

  • Kramont will have 84 properties totaling approximately 11 million square feet in 16 states.

  • The addition of CV Reit's management team and its existing properties, coupled with a diverse portfolio, creates an exceptional entity that will better serve the shareholders." The merger agreement anticipates that the initial distribution policy of Kramont will be paid at the annual rate of $1.30 per common share.

  • Kramont will enable shareholders to participate in an excellent growth opportunity.

  • At the effective time of the KRT Trust Merger, notwithstanding anything to the contrary contained in this Agreement, including Articles 11 and 12 hereof, Kramont shall automatically and without further action be admitted to the Partnership as the General Partner and a Limited Partner, and thereafter KRT Trust will cease to be the General Partner.

  • Upon the occurrence of the events set forth in this Section 12: (i) Kramont OP shall own all the assets formerly owned by Kranzco other than its interest in KRT Trust, and (ii) all of the outstanding partnership interests in Kramont OP shall be the Kramont Preferred OP Units and Kramont Common OP Units described on Schedule 12 owned by Kramont, as general and limited partner, and the Kramont Common OP Units owned by the Limited Partners signing this Agreement as limited partners.

  • To the extent the representations and warranties of any Limited Partner are not true and correct in any material respect, Kramont OP and Holdings will not be obligated to consummate the transactions contemplated by this Agreement with such Limited Partner but may consummate the transactions contemplated by this Agreement with such Limited Partner in Kramont OP and Holdings' discretion, but shall be obligated to consummate the transactions contemplated as this Agreement with any other Limited Partners.

Related to Kramont

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