Final Closing Capital Contribution definition
Examples of Final Closing Capital Contribution in a sentence
The exercise by WPHC of the Call Option described in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.
WRP shall guaranty the obligation of WPHC to make the Final Closing Capital Contribution by executing the Guaranty attached hereto.
Feld shall provide evidence s▇▇▇▇factory to WPHC that the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.
MacKenzie Title: Vice President GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford ▇▇▇▇ ▇igh▇▇▇▇s Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").
Feld shall provide evidence satisfactory to WP▇▇ ▇hat the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.
Th▇ ▇xercise by WPHC of the Call Option described in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.
By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to ▇▇ ▇▇▇▇ ("▇▇▇▇") that Wellsford Park Highlands Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").
Feld shall provide evidence satisfactory to WPHC that the principal ▇▇▇unt of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.
In consideration of the early funding of the Final Closing Capital Contribution and the early payment of the Construction Loan by WPHC, Feld agrees, for hims▇▇▇ and his heirs, personal representatives, successors and assigns, that the acceleration of the payment of a portion of the Incentive Fee and the calculation of the Incentive Fee as equal to the Target Fee, all as provided for in Paragraph 4 of Exhibit P to the Operating Agreement, are hereby irrevocably waived by Feld.
MacKenzie ------------------------------------- Name: Title: GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford Park Highlands Corp., a Colorado co▇▇▇▇▇▇▇on, ▇▇▇ll timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").