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Document Preview Agreement of Limited Partnership [Amended and Restated] |
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Title: |
Agreement of Limited Partnership [Amended and Restated] |
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Entities: |
Citibank, NA; Thackeray Corp.; BT Orlando Limited Partnership |
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Date: |
2001 |
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Size: |
Preview shows 3KB of 129KB total |
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Price: |
$61 |
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ID: |
#144756 |
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AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
BT ORLANDO LIMITED PARTNERSHIP
THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
("Agreement") is made and entered into at Orlando, Florida, as of the 1st day of
August, 2001, among BEF, INC., a Tennessee corporation ("BEFI"), and
BRENNAND-PAIGE INDUSTRIES, INC., a Delaware corporation ("BRENNAND")
(individually, a "General Partner" and collectively, the "General Partners") and
BT PARTNERSHIP, a Tennessee general partnership ("BT") and EST ORLANDO, LTD., a
Florida limited partnership ("EST") ("Limited Partners") (the General Partners
and the Limited Partners are sometimes hereinafter collectively referred to as
the "Partners").
WHEREAS, the Partners (as of May 20, 1996) entered into that certain
Agreement of Limited Agreement of BT Orlando Limited Partnership (the "Original
Partnership Agreement");
WHEREAS, the Original Partnership Agreement has been subject to five
formal amendments (dated July ___, 1996, May 20, 1998, December 31, 1998, June
30, 1999 and August 11, 1999) and one letter agreement amendment (dated March
27, 2000) (collectively, the "Amendments");
WHEREAS, BT Orlando Limited Partnership (the "Partnership") closed on
construction financing for a portion of the Project (as defined below) on
September 3, 1999 (the "Initial Financing") and on or about the date of
execution of this Agreement will close on financing (the "2001 Financing") which
is intended, together with additional funds provided by the Partners as provided
herein, to provide funds necessary for completion of the Project;
WHEREAS, certain of the Partners have (since the date of the Original
Partnership Agreement) provided additional funds to the Partnership and
additional guarantees and collateral in connection with the Initial Financing
and the 2001 Financing;
WHEREAS, the Partners desire to further amend certain provisions of the
partnership agreement in connection with the provision of additional collateral,
guaranties and funds to the Partnership, in order to consolidate the provisions
of the Amendments into one document, and to eliminate certain provisions of the
Original Partnership Agreement and the Amendments which are no longer
applicable;
NOW, THEREFORE, for and in consideration of the mutual covenants and
understandings between the parties, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, intending to be
legally bound hereby, the parties hereto hereby agree to amend and restate the
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