KRF definition
Examples of KRF in a sentence
In connection with the merger, the Purchaser and its sole member, KRF Company, have entered into an investment agreement and voting agreement, each dated as of December 2, 1999, with Equity Resources.
KRF Company is the sole managing member of the Purchaser and an affiliate of the General Partners.
Of this amount, up to $16 million will be in the form of a capital contribution from KRF Company to the Purchaser and the remainder will be obtained from the anticipated refinancing of existing mortgage indebtedness of the Partnership.
THE PURCHASER The proposed purchaser of the Partnership is KR5 Acquisition, L.L.C., a Delaware limited liability company (the "Purchaser"), formed on November 24, 1999, by KRF Company, L.L.C., a Massachusetts limited liability company ("KRF Company").
Together with the General Partners, the Purchaser, KRF Company, the ▇▇▇▇▇ Family Limited Partnership-94, the sole member of KRF Company (the "Family Limited Partnership"), ▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇ are affiliates of the Partnership (Messrs.
KRF Company will finance its capital contributions to the Purchaser through capital contributions from an affiliate of the General Partners which has available sufficient amounts of liquid capital necessary to fund the obligations of KRF Company to the Purchaser in respect of the merger consideration.
In turn, KRF Company will make a cash contribution to the Purchaser in exchange for its interest and the existing mortgage indebtedness of the Partnership would be refinanced.
KRF Company, on the other hand, will make a cash contribution to the Purchaser of up to $16 million.
Permit Summit Consulting to place any new Reinsurance Agreements involving FRF, LESA, ▇▇A, or KRF, or permit any Insurance Subsidiary to be party to any new Reinsurance Agreement, with any reinsurer (other than those reinsurers set forth on SCHEDULE 8A.1, as to which no rating requirement shall apply) that is not rated "A-" or better by A.M. Best & Company, Inc.
The Purchaser and KRF Company, on the one hand, and Equity Resources on the other hand, further agreed to indemnify the other in connection with any liability arising out of a breach of the investment agreement, while the Purchaser agreed to identify the parties in connection with any liabilities arising out of any Unitholder litigation relating to the merger.