Common use of Consideration and Exchange of Equity Clause in Contracts

Consideration and Exchange of Equity. The Operating Partnership shall, in exchange for the Partnership Interests, transfer to the Contributors the total number of OP Units set forth in Exhibit D (the “OP Unit Consideration”). The parties acknowledge that the transfer of OP Units to each Contributor shall be evidenced by either an amendment to the OP Agreement (“Amendment”) or by certificates relating to such OP Units (“OP Unit Certificates”), as determined by the Operating Partnership. The parties shall take such additional actions and execute such additional documentation as may be required by the relevant Partnership Agreements, the OP Agreement and/or the organizational documents of the Company in order to effect the transactions contemplated hereby.

Consideration and Exchange of Equity. The Operating Partnership shall, in exchange for the Partnership Contributed Interests, the Assumed Liabilities and the Assumed Agreements, transfer to the Contributors Contributor the total number of OP Units as set forth in in, Exhibit D (the “OP Unit Consideration”). The parties acknowledge that the transfer of OP Units issued to each the Contributor shall be evidenced by either an amendment to the OP Agreement (“Amendment”) or by certificates relating to such OP Units (the “OP Unit Certificates”), as determined by the Operating Partnership. The parties shall take such additional actions and execute such additional documentation as may be required by the relevant Partnership AgreementsLimited Liability Company Agreement, the OP Agreement and/or the organizational documents of the Company in order to effect the transactions contemplated hereby.