Contribution of Assets. The Company, directly or through one or more of its Affiliates, shall contribute to the capital of the Partnership from time to time each asset it owns from time to time during the existence of the Partnership, but it is not required to so contribute: (a) its interests in the General Partner, Education Realty OP Limited Partner Trust or Education Realty Limited Partner, LLC; (b) its direct or indirect interest in any entity in a chain of entities of which the Company is the sole beneficial owner, so long as all of the assets or other ownership interests in the entity in that chain furthest removed from the General Partner are contributed directly or indirectly to the Partnership; or (c) any equity interest in any entity of which the Company is the sole beneficial owner that is created or used solely by the General Partner in connection with any borrowing transaction in whole or in part for the benefit of the Partnership.
Appears in 6 contracts
Samples: Agreement of Limited Partnership (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.), Agreement of Limited Partnership (Education Realty Trust, Inc.)
