Send us Feedback

Gramercy Capital (GKK)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

GKK » Topics » (b) inserting a new clause SEVENTH PRIME as set forth immediately below and deleting the term and at the end of the existing clause SEVENTH:

This excerpt taken from the GKK 8-K filed Apr 8, 2009.

(b) inserting a new clause “SEVENTH PRIME” as set forth immediately below and deleting the term “and” at the end of the existing clause “SEVENTH”:

 

4


 

SEVENTH PRIME, to the extent of funds then remaining available therefor after giving effect to the foregoing clauses, an amount equal to the sum of (i) (100% of the principal payments made on the Specified Assets, 100% of all other fees and payments of any kind, excluding default interest and including 60% of the Net Interest Margin for the period ending on the relevant Payment Date; minus (ii) any such amounts previously applied pursuant to clause FIFTH above, pari passu and pro rata (based on the amounts owed to such Persons under this clause) to the Lenders to prepay principal amounts of Loans under this Agreement allocated to the Specified Assets ratably (excluding 1199 F Street from such allocation until the principal amount relating to all other Loans has been paid in full, and then making such allocation entirely to 1199 F Street), and thereafter make a corresponding reduction to the related Allocated Term Loan Amounts (and, solely to the extent of amounts available pursuant to this clause, such principal amounts shall be deemed to be then due and payable); and

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki