Common use of Contribution by the General Partner Clause in Contracts

Contribution by the General Partner. The General Partner shall initially contribute ONE DOLLAR ($1.00) to the capital of the Partnership. Thereafter, the General Partner shall not be required to contribute monetary funds to the capital and equity of the Partnership in exchange for its equity interest therein as set forth below. The General Partner shall be required to provide and to render all required management and development services to the Partnership for the Property and the Project, inclusive, as well as to obtain all necessary acquisition, development and construction funding for the acquisition of the Property and the development of the Project and shall be subject to all of the liabilities of the Partnership except as otherwise agreed between the General Partner and the Partnership and the General Partner and its creditors.

Contribution by the General Partner. The General Partner shall initially contribute ONE DOLLAR ($1.00) to the capital of the Partnership. Thereafter, the General Partner shall not be required to contribute monetary funds to the capital and equity of the Partnership in exchange for its equity interest therein as set forth belowPartnership. The General Partner shall be required to provide and to render all required management and development services to the Partnership for the Property and the Project, inclusive, as well as to obtain all necessary acquisition, development and construction funding for the acquisition of the Property and the development of the Project and shall be subject to all of the liabilities of the Partnership except as otherwise agreed between the General Partner and the Partnership and the General Partner and its creditors.

Contribution by the General Partner. The General Partner shall initially contribute ONE DOLLAR ($1.00) to the capital of the Partnership. Thereafter, the General Partner shall not be required to contribute monetary funds to the capital and equity of the Partnership in exchange for its equity interest therein as set forth belowPartnership. The General Partner shall be required to provide and to render all required management and development services to the Partnership for the Property and the Project, inclusive, as well as to obtain all necessary acquisition, development and construction funding for the acquisition of the Property and the development of the Project and shall be subject to all of the liabilities of the Partnership except as otherwise agreed between the General Partner and the Partnership and the General Partner and its creditors.