Prime Retail definition
Examples of Prime Retail in a sentence
As of the Date of Termination and in consideration for the payment of $100.00 cash, Executive agrees to execute and deliver to Prime or its designee any and all certificates for shares of capital stock (with appropriate stock powers attached and properly signed) of Prime's subsidiaries and affiliates (other than the Operating Partnership), including, but not limited to Prime Retail E-Commerce, Inc., Prime Retail Stores, Inc., and Prime Retail Furniture, Inc.
No course of dealing or failure or delay on the part of Prime Retail or Prime LP in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise or the exercise of any other right or privilege.
HGP and HGP LP will also provide to Prime Retail and Prime LP such other data and information (financial and otherwise) as Prime Retail or Prime LP, from time to time, may reasonably request bearing upon or related to the financial condition, results of operations and credit worthiness of HGP and HGP LP.
Neither Prime Retail nor Prime LP shall not obligated to exercise any right or take any action against either HGP or HGP LP prior to the enforcement of its rights against the other.
The rights of Prime Retail and Prime LP under this Agreement are cumulative and not exclusive of any rights or remedies which Prime Retail or Prime LP would otherwise have, including, without limitation, any rights of subrogation.
Nothing in this Agreement shall be construed as granting to any party any license to the Prime Retail Marks.
HGP and HGP LP hereby agree to use commercially reasonable efforts to obtain the release of Prime Retail and Prime LP from any and all obligations under the First of America Loan Documents as promptly as practicable.
HGP and HGP LP hereby waive any and all rights of offset or counterclaim which HGP and HGP LP may otherwise have against Prime Retail and Prime LP in connection with the enforcement of their rights hereunder.
No amendment, modification or waiver of any provision of this Agreement shall be effective unless the same shall be in writing and signed by Prime Retail, Prime LP, HGP and HGP LP.
Reference is made to that certain Agreement of Limited Partnership of Prime Retail, L.P. dated ___________, (the "Partnership Agreement"), pursuant to which Prime Retail, Inc., a Maryland corporation, and certain other persons, including the undersigned, formed a Delaware limited partnership known as Prime Retail, L.P. (the "Partnership").