SLG » Topics » ASSET SERVICING AGREEMENT

This excerpt taken from the SLG 8-K filed Oct 31, 2008.

ASSET SERVICING AGREEMENT

 

This Termination of Amended and Restated Asset Servicing Agreement (this “Agreement”), dated as of October 27, 2008, is made by and between GKK Manager LLC, a Delaware limited liability company (the “Manager”), and SLG Gramercy Services LLC, a Delaware limited liability company (the “Servicer”).

 

Reference is made to that certain Amended and Restated Asset Servicing Agreement (the “Asset Servicing Agreement”), dated as of April 19, 2006, made by and between the Manager and the Servicer.  Upon executing this document below, the undersigned parties to the Asset Servicing Agreement hereby acknowledge and agree that such Asset Servicing Agreement has been terminated in its entirety and shall no longer be in force or effect as of September 30, 2008 and all obligations of the undersigned parties thereunder or relating thereto have been satisfied in full and no payment of any fees, expenses or other amounts are payable thereunder.

 

Each party expressly acknowledges and agrees that to the extent the Servicer acts as a special servicer or sub-servicer to a special servicer for the Manager or Gramercy Capital Corp., a Maryland corporation (the “Company”), or any of its subsidiaries, such arrangement or agreements are hereby terminated and shall no longer be in force or effect as of September 30, 2008 and all obligations of the parties thereunder or relating thereto have been satisfied in full and no payment of any fees, expenses or other amounts are payable thereunder.

 

Each party further acknowledges and agrees that any servicing fees incurred by the Company or any of its subsidiaries hereafter and owed to third-party loan servicers, shall be the responsibility of the Company and paid by the Company directly to such third-party loan servicers.

 

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

This Agreement may be executed and delivered via facsimile in separate counterparts, each of which, when so executed and delivered, shall be deemed an original and all of which taken together shall constitute one and the same agreement.

 

This excerpt taken from the SLG 10-K filed Mar 15, 2005.

ASSET SERVICING AGREEMENT

THIS ASSET SERVICING AGREEMENT (this “Agreement”), dated as of August 2, 2004, is made by and between GKK Manager LLC, a Delaware limited liability company (the “Manager”), and SLG Gramercy Services LLC, a Delaware limited liability company (“Servicer”).

WHEREAS, Manager provides management services to Gramercy Capital Corp. (the “Parent”) and GKK Capital LP, a Maryland limited partnership (the “Operating Partnership” and collectively with the Parent, the “Company”) pursuant to that certain Management Agreement dated as of the date hereof (the “Management Agreement”), by and among the Company and the Manager;

WHEREAS, Manager desires to engage Servicer to manage and service certain assets of the Company; and

WHEREAS, Servicer is willing to perform the services described herein on the terms and conditions hereinafter set forth;

EXCERPTS ON THIS PAGE:

8-K
Oct 31, 2008
10-K
Mar 15, 2005
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