Primestone definition
Examples of Primestone in a sentence
Common Units Contribution ---------------- ------------ ------------ Primestone Investment Partners, L.P. 7,944,893 ** c/o The Prime Group, Inc.
Each of the PGI Parties and PG/Primestone, LLC, jointly and severally, represents that PG/Primestone, LLC is the only general partner of Primestone and PGI is the only limited partner of Primestone.
In addition, Primestone agrees not to issue any additional partnership interests to any party other than PGLLC or PGI and each of PGI and PGLLC agrees not to sell, pledge, transfer or otherwise dispose of any of its partnership units in Primestone to any person, including, without limitation, an affiliate.
If any of the PGI Parties or any of their Representatives violates paragraph 3 or paragraph 4(a), (b), (c) or (d) of this Agreement, then, as liquidated damages for the violation of such provisions, the PGI Parties (other than Primestone) shall pay to Cadim an amount equal to $5,000,000.
Primestone and the third party lender enter into a commercially reasonable intercreditor agreement acceptable to Cadim.
Common Units Contribution ---------------- ------------ ------------- Primestone Investment Partners, L.P. 7,944,893 ** c/o The Prime Group, Inc.
Except for those expenses paid by PGE pursuant to the PGE SSA, all expenses incurred by and fees payable to Cadim in connection with the Cadim PGI Loan, the Cadim Residential Newco Loan, the Cadim Mezzanine Loan, the Refinancing Loan and the Alternative Mezzanine Loan shall be paid to Cadim by PGI and Primestone, as applicable.
Each of the REIT, Prime, and the Primestone Partners has executed and delivered to the Lender a consent to the assignment of the Assigned Agreement pursuant to the Credit Agreement.
Riverside Venture and Lumbermens Mutual Casualty Company, each of which will require lender consent to certain of the transactions contemplated by this MOU); or (v) as to PGI, PLP, Primestone, Prime L.P., PG/Primestone, LLC and CDP, violate or conflict with any provision of its articles of incorporation, charter, by-laws, agreement of limited partnership, operating agreement or similar organizational document.
Primestone Partner will at all times be the sole general partner of Borrower and own not less than 51% of the outstanding partnership interests in Borrower, and PGI or an entity controlled by PGI will at all times own the remainder of the partnership interests in Borrower.