Examples of Kremlin Sites in a sentence
The proceeds of the loan will be used by BML for the acquisition and preliminary development of two adjoining sites totaling 10.25 acres (the "Kremlin Sites") located in Moscow across the Moscow River from the Kremlin.
In connection with the acquisition of its interest in one of the Kremlin Sites, BML has agreed with the City of Moscow to invest an additional $6,000 in 1998 and $22,000 in 1999 in the development of the property.
The Repin Loan, which bears no fixed interest, is payable only out of 100% of the distributions, if made, by the entities owning the Kremlin Sites to BML.
At the Initial Subsequent Closing, New Valley shall be reimbursed by the Company from the proceeds of the Initial Subsequent Closing for expenditures with respect to the Kremlin Sites and the Kremlin Entities set forth in Schedule 2.4(c) and for other expenditures incurred by it before or after the Initial Closing Date on items set forth in the approved Budget, to the extent such expenditures exceed 25% of the total contributions by Apollo and New Valley.
BML used the proceeds to repay the Company for certain expenditures on the Kremlin Sites previously incurred.
BML used a portion of the proceeds of the Repin Loan to repay the Company for certain expenditures on the Kremlin Sites previously incurred.
The development of Ducat Place III and the Kremlin Sites will require significant amounts of debt and other financing.
The proceeds from the Loan hereunder shall be used to relocate the existing scientific organization from Kremlin Site-I, purchase land lease rights, pay consulting fees and related expenses, and for construction and development and other purposes related to the Kremlin Entities and Kremlin Sites.
As of September 30, 1998, BML had invested $15,171 in the Kremlin Sites and held $809, in cash, which was restricted for future investment.
Failure to obtain sufficient capital for the projects would force Western Realty Ducat and BML to curtail or delay the planned development of Ducat Place III and the Kremlin Sites.