Examples of Project Partnership Agreement in a sentence
If St. Joe xxxees to acquire such interest then it shall contribute to the capital of GCC LLC an amount equal to fifty percent (50%) of the acquisition and closing costs for the SouthPark II Property, and GCC and St. Joe xxxl enter into a LLC agreement with the same terms and conditions as a Project Partnership Agreement.
On the Effective Date (as hereinafter defined), GCC and St. Joe xxxll form and cause their respective affiliates to form, a limited partnership ("Project Partnership") under the terms and conditions of the limited partnership agreement attached as Exhibit D hereto ("Project Partnership Agreement") for each of the GCC Properties.
No separate assignment shall be needed for fees payable to a General Partner under the terms of its applicable Project Partnership Agreement.
An amendment to each Project Partnership Agreement (the “Partnership Amendments”) duly executed by all of the Partners in each Project Partnership evidencing that Purchaser or its designee has been admitted, as of the Closing Date, as a General Partner in each Project Partnership.
Neither Borrower nor Guarantor is a party to any indenture, agreement or instrument, or subject to any restriction (including, without limitation, any restriction set forth in the articles of organization or the operating agreement of the Company) or the terms of any Project Partnership Agreement pursuant to which Borrower has purchased a Limited Partnership Interest which materially adversely affects the ability of Borrower or Guarantor to perform their obligations under the Loan Documents.