EXHIBIT 4(ppp)
Letter of Consent to the proposed merger from German American Capital
Corporation to CRIIMI MAE Inc.
GERMAN AMERICAN CAPITAL CORPORATION
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Tel: (▇▇▇) ▇▇▇-▇▇▇▇
Fax: (▇▇▇) ▇▇▇-▇▇▇▇
June 20, 1995
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CRIIMI MAE Inc.
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RE: Committed Master Repurchase Agreement dated as of January 23, 1995, between
German American Capital Corporation, Inc., ("GACC") as Buyer and CRIIMI MAE
Inc., as seller and Committed Master Repurchase Agreement Governing
Purchases and Sales of Participation Certificates dated as of January 23,
1995, between GACC and CRIIMI (the "Facilities").
Dear ▇▇. ▇▇▇▇▇▇:
GACC hereby consents to the proposed merger (the "Merger") between CRIIMI MAE
Inc. and/or its affiliates ("CRIIMI") and the CRI Mortgage Businesses ("CRI"),
as described in the Proxy Statement dated April 28, 1995, and to CRIIMI's
actions as may be necessary to effectuate the Merger subject to the following:
(i) the issuance of a fairness opinion by ▇▇▇▇ & ▇▇▇▇▇▇, and (ii) the Merger
does not cause an Event of Default under either of the Facilities.
If you have any questions, please do not hesitate to call me.
Sincerely,
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, III /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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Vice President Vice President
