MODIFICATION NO. ONE TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF THE GALLERIA ASSOCIATES, L. P.
Exhibit T3B.64
MODIFICATION NO. ONE TO
AMENDED AND RESTATED
AGREEMENT OF LIMITED
PARTNERSHIP
OF
THE GALLERIA ASSOCIATES, L. P.
This Modification No. One (the “Modification”), is entered into to be effective as of the 6th day of October, 2011, by and between CBL & Associates Limited Partnership, a Delaware limited partnership, and CBL & Associates Properties, Inc., a Delaware corporation (the “Partners”).
W I T N E S S E T H
WHEREAS, The Galleria Associates, L. P., a Tennessee limited partnership (the “Partnership”), is governed by that certain Amended and Restated Agreement of Limited Partnership dated October 29,1993 (the “Agreement”); and
WHEREAS, the Partners, now constituting all of the partners of the Partnership, desire to amend the Agreement to memorialize the change in the description of the Property set forth on Exhibit “A” thereto; and
WHEREAS, pursuant to Paragraph 10.1 of the Partnership Agreement, the Partners may amend, modify, or change the Agreement; and
WHEREAS, prior to the transfer to CoolSprings Mall, LLC, a Tennessee limited liability company (“CoolSprings Mall”), as described below, the Partnership owned that certain regional mall and the real estate and improvements thereon located in Nashville, Tennessee, and known as “CoolSprings Galleria” (“CoolSprings Galleria”) as set forth on Exhibit “A” of the Agreement; and
WHEREAS, on April 8, 2011, the Partnership acquired 100% of the membership interests of CoolSprings Mall; and
WHEREAS, the Partnership conveyed title to CoolSprings Galleria to CoolSprings Mall on September 28, 2011 by Quitclaim Deed; and
WHEREAS, pursuant to that certain Contribution Agreement dated as of the date hereof, among CBL SubREIT, Inc., the Partnership, and Oak Park Holding I, LLC (as Contributors of Property), and T-C Midwest LLC (as Contributor of Cash), and CBL/T-C, LLC (as Transferee), the Partnership contributed its 100% membership interest in CoolSprings Mall to CBL/T-C, LLC (the CBL/TIAA joint venture entity) in exchange for a 20.3337979% interest in CBL/T-C, LLC.
NOW, THEREFORE, in consideration of the mutual promises and obligations hereinset forth and in the Agreement, and for other good and valuable consideration, the receipt andsufficiency of which is hereby acknowledged by all parties hereto, the parties hereto do herebyagree as follows:
1. Property. The definition of “Property” in Section 1.1 of the Agreement is hereby deleted in its entirety and replaced with the following definition:
“Property” shall mean the assets owned by the Partnership and described onExhibit “A” attached hereto and made a part hereof
2. Exhibit “A”. Exhibit “A” to the Agreement is hereby modified and amended bysubstituting Exhibit “A” attached hereto.
3. All other provisions and terms of the Agreement shall remain as stated therein except aspreviously amended and as may be amended by the terms of this Modification.
IN WITNESS WHEREOF, the parties have executed this Modification to be effective as of the 6th day of October, 2011.
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PARTNERS: |
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GENERAL PARTNER: |
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CBL & Associates Limited Partnership, |
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a Delaware limited partnership |
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By: |
CBL Holdings I, Inc. |
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its sole general partner |
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By: |
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Name: |
XXXXXXX X. XXXXX |
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Title: |
ASSISTANT SECRETARY |
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LIMITED PARTNER: |
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CBL & Associates Properties, Inc. |
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a Delaware corporation |
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By: |
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Name: |
XXXXXXX X. XXXXX |
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Title: |
ASSISTANT SECRETARY |
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EXHIBIT “A” TO
MODIFICATION NO. ONE TO
AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
THE GALLERIA ASSOCIATES, L. P.
A 20.3337979% membership interest in CBL/T-C, LLC, a Delaware limited liability company.