Interior Design Agreement. definition
Interior Design Agreement.. The "Design Proposal" dated August 11, 1997 by and between Compass Design Limited and HRI. "Investment Servicing Fee." A servicing fee in the amount of $10,000.00 payable by the Partnership to Special Limited Partner on May 1st of each whole or partial Fiscal Year beginning after December 31, 1998. "Investor Limited Partner." Amerus-Blackstone, L.L.C., an Iowa limited liability company, or any other Person who is admitted to the Partnership in accordance with the terms of this Agreement and is shown on the books and records of the Partnership as a Substitute Investor Limited Partner at the time of reference thereto. "Investor Limited Partner Loan(s)." A loan(s) made by Investor Limited Partner to the Partnership to fund the payment of the an Operating Deficit pursuant to Section 5.8B or a Debt Service Coverage Loan. Such loans shall bear interest at an annual rate equal to the lesser of the Designated Interest Rate plus 7% or the highest rate permitted by law, and shall, if Investor Limited Partner so requests, be evidenced by unsecured, transferable promissory notes of the Partnership, in form and substance satisfactory to Investor Limited Partner, provided that any such Investor Limited Partner Loan need not be evidenced by such a note. If Investor Limited Partner requests such a promissory note, General Partner will execute on behalf of the Partnership such a promissory note and deliver such executed promissory note to Investor Limited Partner within three business days after such request. If General Partner fails to execute and deliver such a promissory note within such time, Special Limited Partner is authorized to execute such a promissory note on behalf of the Partnership and to deliver such promissory note to Investor Limited Partner. Investor Limited Partner Loans shall be repaid as provided in Section 6, and no recourse for the payment thereof may be had against any other property of the Partnership or against any Partner, provided that such limitation on recourse will not limit or reduce any obligation of General Partner. In addition, General Partner shall have the right to make a Voluntary General Partner Loan to enable the Partnership to repay any Investor Limited Partner Loan at any time. Payments of principal and interest on Investor Limited Partner Loans shall be applied in the same order in which such Investor Limited Partner Loans are made (i.e., on a first-in, first-out basis). No Investor Limited Partner Loan will cure any default by Ge...
Examples of Interior Design Agreement. in a sentence
Interior Design Agreement and preliminary Interior Design Development Drawings.
A Residential Interior Design Agreement usually an agreement of a contractor or interior designer and a client for design services related to residential.
That certain "Assignment" dated July 11, 1997 of the Interior Design Agreement by HRI in favor of the Partnership.
Plans and Property Agree3 Assignment of Interior Design Agreement .