PGGM PRE Fund definition

PGGM PRE Fund means STICHTING DEPOSITARY PGGM PRIVATE REAL ESTATE FUND (the “Depositary”), a Dutch foundation, acting in its capacity as depositary of and for the account and risk of PGGM PRIVATE REAL ESTATE FUND (the “Fund”) a Dutch fund for the joint account of the participants (fonds voor gemene rekening).
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PGGM PRE Fund means, together, STICHTING DEPOSITARY PGGM PRIVATE REAL ESTATE FUND (the “Depositary”), a Dutch foundation, acting in its capacity as depositary of and for the account and risk of PGGM PRIVATE REAL ESTATE FUND (the “Fund”) a Dutch fund for the joint account of the participants (fonds voor gemene rekening). “INP Retail” means INP Retail, L.P., a Delaware limited partnership. The lender’s consent will not be required, and the lender will not charge an assumption fee, in connection with a transfer by IRC of all of the ownership interests in Mortgagor to a joint venture in which IRC and PGGM PRE Fund collectively own at least 98% of the legal and beneficial interests (“PGGM JV Transferee”), provided that (i) the lender receives at least fifteen (15) days’ prior written notice of such proposed transfer, (ii) no event of default has occurred and be continuing at the time of such written notice or the transfer, (iii) IRC maintains operational and managerial control of the PGGM JV Transferee and Mortgagor, (iv) (A) IRC continues to be the guarantor, or (B) provided that, as the date of such Transfer, PGGM JV Transferee will have a net worth of at least $175,000,000.00, PGGM JV Transferee has assumed all of the liabilities and obligations of IRC under the guaranty and the environmental indemnity or executed a replacement guaranty and an environmental indemnity reasonably satisfactory to the lender, or (C) if IRC no longer owns any interests in Mortgagor as the result of a transfer, one or more substitute guarantors reasonably acceptable to the lender will have assumed all of the liabilities and obligations of IRC under the guaranty and the environmental indemnity or executed a replacement guaranty and an environmental indemnity reasonably satisfactory to the lender, (v) if required by the lender or any of the Rating Agencies, Mortgagor delivers a bankruptcy non-consolidation opinion letter acceptable to the lender and the Rating Agencies, and (vi) Mortgagor will have paid all of the lender’s reasonable and customary
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PGGM PRE Fund has the meaning ascribed thereto in the preamble of this Agreement.
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Examples of PGGM PRE Fund in a sentence

  • The General Partner and PGGM PRE Fund acknowledge and agree that a Listing has occurred and the General Partner did not exercise its Special Situation Right with respect thereto, and that as a result, and without limiting the General Partner’s right to exercise the Special Situation Right pursuant to clauses (b) or (c) of the definition of “Special Situation”, the General Partner shall have no further right to exercise the Special Situation Right with respect to a Listing.

  • Such non‑accountable expense reimbursement shall be paid by the Partnership and shall be allocated to PGGM PRE Fund and BHMF GP in accordance with their respective Percentage Interests.

  • Net Ordinary Cash Flow shall be distributed to the Partners according to their Percentage Interests; provided, however, that all interest derived from the temporary investment of the PIC Funds in interest bearing instruments pending their application or distribution shall be distributed 95% to Inland and 5% to PGGM PRE Fund at the same time as the Partnership makes distributions of Net Ordinary Cash Flow.

  • In the event PGGM PRE Fund notifies the General Partner in writing of any Additional PGGM Exclusion, the General Partner agrees to use its reasonable efforts to the extent consistent with its duties and obligations to the Partnership not to make any investments on behalf of the Partnership that violate such Additional PGGM Exclusion.

  • The General Partner agrees that the PGGM PRE Fund has the right to update the PGGM Exclusions List with Additional PGGM Exclusions twice a year.

  • Inland further agrees to reimburse PGGM PRE Fund for any cost of enforcing the provisions of this Article, including reasonable attorney’s fees and costs.

  • Upon the earlier to occur of (A) the Stabilization (as defined herein) of the Four ▇▇▇▇▇▇ Property, or (B) March 31, 2011, PGGM PRE Fund may thereafter for the balance of the Investment Period, select the Four ▇▇▇▇▇▇ Property for contribution to the Partnership, in the same manner as all other Additional Inland Properties identified in Schedule 6.2(a)-2.

  • If any claim is made for broker’s or finder’s fees or commissions in connection with the negotiation, execution or consummation of this Agreement or the transactions contemplated hereby as a result of any action of Inland or any Inland Party, Inland shall defend, indemnify and hold harmless the Partnership and PGGM PRE Fund from and against any such claim based upon any statement, representation or agreement of such party.

  • The Advisory Committee shall initially be comprised of four persons, two of whom will be designated by BHMF GP (each, a “BHMF GP Representative”) and two of whom will be designated by PGGM PRE Fund (each, a “PGGM Representative”).

  • Further, if Inland shall at any time breach, violate or fail to comply fully with any of the terms, provisions, or conditions of Sections 14.4 or 14.6 of this Article, PGGM PRE Fund shall be entitled to remove the General Partner for Cause as provided in Section 9.1.