Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership $500,000 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 4 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership $500,000 1,000,000 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 4 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership $500,000 1,500,823 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership the aggregate of $500,000 6,200 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”) and 500 limited partnership units in the Operating Partnership (the “Contributor OP Units”).
Appears in 2 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership $500,000 2,000,000 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transactions. Upon the Closing, the Contributor, in exchange for the Contributor Interests (as defined herein), shall receive from the Operating Partnership the aggregate of $500,000 6,200 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”) and 1,500 limited partnership units in the Operating Partnership (the “Contributor OP Units”).
Appears in 2 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
