0001615774-16-007570 Sample Contracts

LEASE BETWEEN THE CITY OF NEW YORK DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES 1 CENTRE STREET, 20TH FLOOR NORTH NEW YORK, NEW YORK 10007 BERKSHIRE EQUITY LLC 4611 12th AVENUE BROOKLYN, NEW YORK 11219
Lease Agreement • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • New York

AGREEMENT OF LEASE made the 17th day of December 2015, by and between BERKSHIRE EQUITY LLC, whose address is 4611 12th Avenue, Brooklyn, New York 11219, hereinafter designated as Landlord, and THE CITY OF NEW YORK, a municipal corporation, acting through the Department of Citywide Administrative Services (“DCAS”), with an address at 1 Centre Street, 20th Floor North, New York, New York 10007, hereinafter designated as Tenant.

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CONSENT AGREEMENT (GSMS 2013-GCJ12; Loan No. 300460008)
Consent Agreement • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • Delaware

THIS CONSENT AGREEMENT (the “Agreement”) is executed as of December 7, 2015 (the “Effective Date”), by and among DEUTSCHE BANK TRUST COMPANY AMERICAS, AS TRUSTEE ON BEHALF OF THE REGISTERED HOLDERS OF GS MORTGAGE SECURITIES CORPORATION II, COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES, SERIES 2013-GCJ12 (“Lender”), having an address at c/o Wells Fargo Bank, National Association, Commercial Mortgage Servicing, MAC D 1086, 550 Tryon Street, 14th Floor, Charlotte, North Carolina 28202, Re: GSMS 2013-GCJ12; Loan No. 300460008 and 250 LIVINGSTON OWNER LLC, a Delaware limited liability company (“Borrower”), having an address at c/o Clipper Realty L.P., 4611 12th Avenue, Suite 1L, Brooklyn, New York, New York 11219. All capitalized terms used herein but not defined herein shall have the meaning ascribed to such terms in the Loan Agreement (as hereinafter defined), as modified by the terms of this Agreement.

AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • New York

THIS amendment no. 1 TO REGISTRATION RIGHTS agreement (this “Amendment”), dated as of July 7, 2016, is entered into by Clipper Realty Inc., a Maryland corporation (together with any successor entity thereto, the “Company”), and FBR Capital Markets & Co., a Delaware corporation (“FBR”) for the benefit of FBR, the purchasers (the “Participants”) of the Company’s common stock, $0.01 par value per share (the “Common Stock”), in the private offering by the Company of shares of Common Stock on August 3, 2015, and the direct and subsequent transferees of such shares of Common Stock of FBR and each of the Participants.

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