Contribution Mechanics. The Contributor shall make the Required Equity Contribution by depositing an amount equal to such Required Equity Contribution in the Note Redemption Account no later than 10:00 a.m. (New York City time) on the Offer Settlement Date.
Contribution Mechanics. The Sponsor shall make each contribution by depositing an amount equal to such contribution (a) in the case of any contribution made pursuant to Section 2.1(a), as specified in the applicable Contribution Notice into the Revenue Account or any Local Account on the date specified in such Contribution Notice, or (b) in the case of any contribution made pursuant to Section 2.1(b), into the Revenue Account when required hereunder.
Contribution Mechanics. KAA hereby agrees to maintain ownership of the maximum number of Support Shares until the Measurement Date. If at the close of business on the Measurement Date (prior to giving effect to any Contribution), the NAV per share relating to the Class S common shares, Class D common shares, Class U common shares or Class I common shares of KREST (each such class of shares of KREST, a “Class”) is less than $27.00 per share (the “Contractually Supported Share Value”), XXX agrees to contribute to KREST, as of the close of business on the Measurement Date and at no cost to KREST, a number of the Support Shares (calculated to include fractional shares) so that, if and when cancelled by KREST upon contribution, the NAV per share of each Class equals at least the Contractually Supported Share Value (calculated by rounding up or down to the nearest $0.01). To the extent necessary to support the NAV of each Class, XXX agrees to exchange shares of Class I shares of KREST for an equivalent NAV of shares of another Class prior to the Contribution. To the extent the maximum number of Support Shares is not sufficient to cause the NAV per share for each Class to reach at least the Supported Share Value, KAA will contribute the maximum number of the Support Shares to KREST in the aggregate for all Classes and the NAV per share of each Class will be increased ratably as determined by KREST in its sole discretion. If on the Measurement Date the NAV per share of each Class equals or exceeds the Contractually Supported Share Value (calculated by rounding up or down to the nearest $0.01), then KAA will not be obligated to contribute any of the Support Shares. As part of the Contribution, KAA will also request that KREST cancel any of the Support Shares contributed by KAA pursuant to this paragraph 1.
Contribution Mechanics
