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Document Preview Assignment of Administrative and Advisory Agreement |
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Title: |
Assignment of Administrative and Advisory Agreement |
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Entities: |
Cedar Bay Realty Advisors, Inc.; Cedar Income Fund Partnership, LP; Cedar Shopping Centers Inc.; Cedar Income Fund, Ltd. |
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Date: |
2002 |
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Size: |
Preview shows 1KB of 4KB total |
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Price: |
$37 |
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ID: |
#254848 |
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ASSIGNMENT OF ADMINISTRATIVE AND ADVISORY AGREEMENT
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This Assignment of Administrative and Advisory Agreement ("Assignment")
made as of April 30, 1999 by and between CEDAR INCOME FUND, LTD., a Maryland
corporation ("Assignor") and CEDAR INCOME FUND PARTNERSHIP, L.P., a Delaware
limited partnership ("Assignee").
BACKGROUND
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(a) Assignor has entered into an Administrative and Advisory Agreement
("Agreement") dated as of April 2, 1998 with Cedar Bay Realty Advisors, Inc., a
New York corporation ("Advisor") with respect to day-to-day administrative
functions.
(b) Assignor has sold substantially all of its assets to Assignee, a
limited partnership of which Assignor is the general partner.
(c) Assignor desires to assign its rights and obligations under the
Agreement to Assignee and Assignee desires to assume such rights and
obligations.
NOW, THEREFORE, in consideration of the agreements and covenants herein
contained, and for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound hereby,
Assignor and Assignee agree as follows:
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