EX-10.26
from 10-Q
15 pages
1. All Funds Advanced by or on Behalf of Any of the Partners or From Third Parties From and After January 20, 2009 Shall Be Referred to Below as "New Monies." the Repayment of All New Monies and the Payment to Hsbc Realty Credit Corporation (USA) ("Hsbc") of All Sums Due to Hsbc Pursuant to That Certain Loan Agreement, Dated as of April 19, 2005, Entered Into by Hsbc and the Partnership, as Amended to the Date Hereof (The "Hsbc Indebtedness") Shall Be Governed by the Provisions of Paragraph 5(a) Below or as Otherwise Provided Herein. by Their Execution Below, the Parties Have Agreed That the Sum of the Principal Amount of the New Monies and the Principal Amount of the Hsbc Indebtedness Shall Not Exceed Sixty-Eight Million Dollars ($68,000,000.00) (The "Debt Cap"), Unless Sonesta, in Its Sole and Absolute Discretion, Elects to Permit the Funding of Indebtedness in Excess of Such Amount by or on Behalf of Either the Fortune Partners or Sonesta. All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Do Not Exceed the Debt Cap Are Referred to as the "First Tier New Monies." All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Exceed the Debt Cap Are Referred to as the "Second Tier New Monies."
12/34/56
EX-10.26
from 8-K
57 pages
1. All Funds Advanced by or on Behalf of Any of the Partners or From Third Parties From and After January 20, 2009 Shall Be Referred to Below as "New Monies." the Repayment of All New Monies and the Payment to Hsbc Realty Credit Corporation (USA) ("Hsbc") of All Sums Due to Hsbc Pursuant to That Certain Loan Agreement, Dated as of April 19, 2005, Entered Into by Hsbc and the Partnership, as Amended to the Date Hereof (The "Hsbc Indebtedness") Shall Be Governed by the Provisions of Paragraph 5(a) Below or as Otherwise Provided Herein. by Their Execution Below, the Parties Have Agreed That the Sum of the Principal Amount of the New Monies and the Principal Amount of the Hsbc Indebtedness Shall Not Exceed Sixty-Eight Million Dollars ($68,000,000.00) (The "Debt Cap"), Unless Sonesta, in Its Sole and Absolute Discretion, Elects to Permit the Funding of Indebtedness in Excess of Such Amount by or on Behalf of Either the Fortune Partners or Sonesta. All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Do Not Exceed the Debt Cap Are Referred to as the "First Tier New Monies." All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Exceed the Debt Cap Are Referred to as the "Second Tier New Monies."
12/34/56
EX-10.26
from 10-Q
22 pages
1. All Funds Advanced by or on Behalf of Any of the Partners or From Third Parties From and After January 20, 2009 Shall Be Referred to Below as "New Monies." the Repayment of All New Monies and the Payment to Hsbc Realty Credit Corporation (USA) ("Hsbc") of All Sums Due to Hsbc Pursuant to That Certain Loan Agreement, Dated as of April 19, 2005, Entered Into by Hsbc and the Partnership, as Amended to the Date Hereof (The "Hsbc Indebtedness") Shall Be Governed by the Provisions of Paragraph 5(a) Below or as Otherwise Provided Herein. by Their Execution Below, the Parties Have Agreed That the Sum of the Principal Amount of the New Monies and the Principal Amount of the Hsbc Indebtedness Shall Not Exceed Sixty-Eight Million Dollars ($68,000,000.00) (The "Debt Cap"), Unless Sonesta, in Its Sole and Absolute Discretion, Elects to Permit the Funding of Indebtedness in Excess of Such Amount by or on Behalf of Either the Fortune Partners or Sonesta. All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Do Not Exceed the Debt Cap Are Referred to as the "First Tier New Monies." All New Monies Funded Which, When Added to the Principal Amount of the Hsbc Indebtedness, Exceed the Debt Cap Are Referred to as the "Second Tier New Monies."
12/34/56
EX-10.28
from 10-K
1 page
Maduro & Curiel's Bank July 18, 1996 Our Ref.: Cred/Adcg/Mj Confidential Sonesta Curacao Hotel Corporation N.V. 200 Clarendon Street, Boston Massachusetts 02116, U.S.A. Attention Mr. Boy Van Riel Dear Friends, With Reference to Our Recent Conversation and Correspondence of June 14, July 2 and July 3, 1996, We Herewith Confirm Our Offer to Extend the Expiry Date of the Present Loan, Administered on Account Number 510002120 for an Amount of US$.2,000,000.-- To June 30, 1998. the Interest Rate Will Be 9 3/4% Per Annum Until Further Notice and Interest Should Be Kept Current. the Loan Will Remain Guaranteed for the Full Amount of US$.2,000,000. -- By Sonesta International Hotels Corporation and Assignment of the Fee Income Under Your Management Agreement With Rif Resort Hotel N.V. All Other Conditions as Stipulated in the Previous Arrangement Letter of May 4, 1994 Remain in Force. if the Above Terms and Conditions Are Acceptable to You, We Would Appreciate Your Signing This Letter and Return the Same to US. as Always at Your Service, We Remain. Yours Truly, Maduro & Curiel's Bank N.V. /S/ L. Capriles, President on Behalf of Sonesta Curacao Hotel Corporation N. V., We, the Undersigned Accept This Offer: Name: Boy Van Riel Position: V.P. & Treasurer/Director Signature: /S/ Date: July 31, 1996
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