Common use of Allocation of Adjustments Clause in Contracts

Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the Asset Entity in which the Contributor owns an interest. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity.

Appears in 4 contracts

Samples: Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the an Asset Entity in which the Contributor owns an interest. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity., subject to any limitations set forth in Exhibit B.

Appears in 2 contracts

Samples: Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the Asset Entity in which the Contributor owns an interest. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV V allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity.

Appears in 1 contract

Samples: Omnibus Contribution Agreement (Sl Green Realty Corp)

Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the an Asset Entity in which the Contributor owns an interest. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity, subject to any limitations set forth in the Contributor's Supplemental Acquisition Exhibit.

Appears in 1 contract

Samples: Omnibus Contribution Agreement (Lasalle Hotel Properties)

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Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration Consideration, if any, and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the Asset Entity in which the Contributor owns an interest. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity.

Appears in 1 contract

Samples: Contribution Agreement (Loeb Realty Corp)

Allocation of Adjustments. All adjustments contemplated by this ------------------------- Article IV shall, to the extent practicable, be made by adjusting (either up or down) the cash portion amount of the Consideration and/or the number of Units issued to each Contributor by debiting or crediting (as the case may be) such Contributor's Consideration with a portion of the prorated items allocated to the Asset Entity in which the Contributor owns an interest; PROVIDED, HOWEVER, that all such adjustments in favor of the Operating Partnership shall first be made from Cash on Hand. The amount of an Asset Entity's adjustments calculated pursuant to this Article IV allocated to each Contributor shall be that portion equal to that Contributor's pro rata equity interest in each Asset Entity.

Appears in 1 contract

Samples: Omnibus Contribution Agreement (Macklowe Properties Inc)

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