KRT definition
Examples of KRT in a sentence
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.
Notwithstanding anything to the contrary contained in this Agreement, upon the contribution of units of limited partner interest in the Partnership by KRT Partnership to CV GP, as contemplated by the Contribution Agreement, CV GP shall be admitted to the Partnership as an additional limited partner of the Partnership.
Thereafter, immediately upon admission of the Limited Partners signing this Agreement as limited partners of Kramont OP, the partnership interest of KRT Trust I LLC in Kramont OP will be cancelled without consideration.
This Certificate is one of a duly authorized issue of Certificates, designated as KRT Origination Corp.
The contributions of the Limited Partners contemplated by this Agreement are subject to and will become effective only upon consummation of the KRT Trust II Merger, the KRT Partnership Merger, and the transactions contemplated by the Reorganization Agreement.
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.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN KRT ORIGINATION CORP., THE BORROWERS, THE SERVICER OR THE TRUSTEE REFERRED TO BELOW OR ANY OF THEIR RESPECTIVE AFFILIATES.
KRT Trust hereby continues as the General Partner until the effective time of the KRT Trust Merger, and KRT Trust I LLC hereby continues as a Limited Partner until the CV LP Holders are admitted to the Partnership as Limited Partners.
NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOAN ARE GUARANTEED OR INSURED BY KRT ORIGINATION CORP., THE BOR- ROWERS, THE SERVICER OR THE TRUSTEE OR BY ANY OF THEIR RESPECTIVE AFFILIATES OR BY ANY GOVERNMENTAL AGENCY OR INSTRUMENTALITY.
The Customer will promptly provide to KRT all information received by the Customer that will affect KRT’s performance of the Work.