In instances where there are multiple employers/lessees within a single building, the regulations
contemplate a sharing of responsibility.
In addition, the New Soros Group proposal did not assure the same amount of deleveraging as would occur under the Kestrel transaction, which
contemplates deleveraging in an amount up to $100 million.
The New Soros Group proposal
contemplates that Star Gas, LLC would, in consideration of the Soros Group's standby commitment in the rights offering, (a) agree to relinquish its right to receive distributions from Star pursuant to Star's partnership agreement (other than with respect to capital actually invested in Star) and (b) cause Star to issue to the Soros Group newly created units which would provide economic benefits substantially equivalent to the new general partner's rights to receive distributions under the Kestrel Unit Purchase Agreement, as amended.
The revised proposal
contemplates a standby commitment in a $37.
The Agreement
contemplates the purchase of 10 wholly-owned hotels, ownership interests in four hotel joint ventures, the Cendant Agreements, and certain other assets.
The LOI
contemplates that THE would own, at the time of closing of the proposed acquisition, 100% of the equity of Health Food Associates, Inc.
on behalf of certain funds and managed accounts,
contemplates the conversion of $100 million of Falcon's Senior Subordinated Notes into common stock.
As previously announced, the agreement
contemplates a financial restructuring of HCS that will significantly reduce outstanding secured debt obligations and annual cash interest payments, while rationalizing its capital structure.
The feasibility study for Chapada
contemplates capital of US$164 million before working capital to be incurred in the first year of operations.
The agreement
contemplates that final bankruptcy court approval of the sale will be obtained within 75 days after signing of the agreement.
The agreement
contemplates that the Company will sell to Pequot up to $25 million of convertible preferred stock and warrants in tranches.
The current plan, which
contemplates the development of an underground mine rather than an open pit mine, positively addresses major environmental concerns identified during previous permitting efforts.
The joint venture also
contemplates the development of a high volume compounding system, which allows for the production of masterbatch (50% resin and 50% powder filler) and subsequent distribution of pellet form fillers.
