Examples of Phase II Mall in a sentence
Settlement Agreement dated June 24, 2011 by and among Venetian Casino Resort, LLC, Phase II Mall Holding, LLC, GGP Limited Partnership, Phase II Mall Subsidiary, LLC and Grand Canal Shops II, LLC.
Notwithstanding anything to the contrary in this subsection 7.3, any cash Investments made in either Phase II Mall Borrower shall be made in the form of intercompany loans from Venetian to the Phase II Mall Subsidiary and shall increase the principal amount of the Intercompany Mall Note by the amount of such Investment.
The Phase II Hotel/Casino will also be integrated with an enclosed mall with retail shops and restaurants of approximately 375,000 net leasable square feet (the "Phase II Mall").
Mall II Buyer and Developer shall jointly cause each such Tenant to furnish certificates evidencing all such insurance coverages to Developer before such Tenant starts work in the Phase II Mall.
The Borrowers agree that, upon request to the Administrative Agent by any Lender, the Borrowers will execute and deliver to such Lender a Note evidencing the Loans made by, and payable to the order of, such Lender in a maximum principal amount equal to such Lender’s Percentage of the Phase II Mall Construction Loan.
If Tsunami does surrender all or a portion of its leasehold interest, then the surrendered portion anticipated to be used for the anchor tenant shall be considered part of the Phase II Mall.
Without limiting the foregoing, Mall II Buyer acknowledges and agrees that, except as expressly set forth in this Agreement, Developer is not liable for or bound by (and Mall II Buyer has not relied upon) any verbal or written statements, representations, or offering materials or any other information respecting the Phase II Mall or the Palazzo Casino Resort furnished by Developer or any broker, employee, agent, consultant or other person representing or purportedly representing Developer.
The Borrowers shall (i) subject to the terms of the Disbursement Agreement, apply Net Loss Proceeds to restore, replace or rebuild the Phase II Mall in accordance with the Cooperation Agreement and (ii) apply any Net Loss Proceeds not applied as provided in clause (i) to prepay the Loans in accordance with subsection 2.4A(iii) hereof.
Assignor has no knowledge of any breach by Mall II Buyer of any of Mall II Buyer’s obligations under the Phase II Mall Sale Agreement as of the date hereof.
On or prior to January 29, 2005 (time being of the essence), the Administrative Agent shall have received executed counterparts from GGP, LCR and the Borrowers of the Phase II Mall Recognition Agreement and any supplements or amendments thereto, all of which shall have been duly authorized, executed and delivered by the parties thereto, and shall be certified by an Authorized Officer of each of the Borrowers and LCR as being true, complete and correct and in full force and effect.