Total Warrant Value. Value = W * Z
Total Warrant Value. Value = W * Z = $499 This Non-Control Agreement (this “Agreement”) is dated as of [·] 2010 (the “Effective Date”), by and between General Growth Properties, Inc., a Delaware corporation (the “Company”), [insert names of Pershing Square or Fairholme purchasers](1) (collectively, “Investor”).
Total Warrant Value. Value = W * Z = $499 Brookfield Purchaser 60,000,000 24,000,000 12,000,152 139,534 Fairholme Purchasers 42,857,143 17,142,857 8,571,562 99,667 Initial Setup (one-time charge) $ 2,500.00 Annual Administration $ 3,500.00 Set Up and Administrative Fee $ 5,000.00 Processing Accounts, each $ 50.00 Conversions requiring additional handling $ 15.00 (window items, deficient items, correspondence items, legal items, items not providing a taxpayer identification number, Transfer Requests, etc), additional each Requisitioning Funds, each requisition $ 25.00 Expiration $ 1,000.00 Special Services Additional Out of Pocket Expenses Additional Including Postage, Printing, Stationery, Overtime, Transportation, Microfilming, Imprinting, Mailing, etc. This Non-Control Agreement (this “Agreement”) is dated as of [•] 2010 (the “Effective Date”), by and between General Growth Opportunities, Inc., a Delaware corporation (the “Company”), [insert names of Pershing Square purchasers] (collectively, “Investor”).
Total Warrant Value. Value = W * Z = $499 March 31, 2010 REP Investments LLC c/o Brookfield Asset Management Inc. Xxxxxxxxxx Xxxxx, Xxxxx 000 181 Bay Street, X.X. Xxx 000 Xxxxxxx, Xxxxxxx X0X 0X0 Xxxxxx Ladies and Gentlemen: Reference is made to that certain Cornerstone Investment Agreement, dated as of the date hereof, by and between REP Investments LLC, a Delaware limited liability company (“Purchaser”), and General Growth Properties, Inc., a Delaware corporation (“GGP”), as the same may be amended from time to time (the “Investment Agreement”), pursuant to which Purchaser has agreed to, among other things: (i) purchase (the “GGP Share Purchase”) 250,000,000 shares of common stock of the Company on the terms and subject to the conditions set forth in the Investment Agreement and (ii) purchase up to 25,000,000 shares of common stock of GGO pursuant to the Backstop Commitment and GGO Minimum Allocation Right contemplated by Section 2.2 of the Investment Agreement (the transactions referred to in clauses (i) and (ii) being referred to herein as the “Transactions”). The proceeds of this Commitment, together with the (i) funds deposited in the Escrow Accounts (as defined in the Escrow Agreements) and/or (ii) amounts available to be drawn by Purchaser to fund the Purchase Price and the GGO Purchase Price under Acceptable LCs, shall be used by Purchaser to fund the Purchase Price and the GGO Purchase Price in accordance with, and subject to the conditions contained in the Investment Agreement. Capitalized terms used herein but not defined herein shall have the meanings ascribed to them in the Investment Agreement and, for purposes of this letter agreement, the “Company” shall be deemed to refer, prior to consummation of the Plan, to GGP and, on and after consummation of the Plan, the Reorganized Company, as the context requires.
Total Warrant Value. Value = W * Z = $499
