Contribution of Proceeds of Issuance of REIT Shares. In connection with the initial public offering of REIT Shares by the Gables Trust and any other issuance of REIT Shares or New Securities pursuant to Section 4.2, the Gables Trust shall contribute to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance or shall transfer to the General Partner any proceeds (or a portion thereof) raised in connection with such issuance, by loan or capital contribution, and the General Partner shall contribute the amount so transferred to it to the Partnership; provided that if the proceeds actually received by the Gables Trust or the General Partner are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then the Gables Trust and the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter's discount and other expenses paid by the Gables Trust or the General Partner.
Contribution of Proceeds of Issuance of REIT Shares. In connection with any issuance of REIT Shares or New Securities pursuant to Section 4.2, the General Partner shall contribute to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance; provided that if the proceeds actually received by the General Partner are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter's discount and other expenses paid by the General Partner.
Contribution of Proceeds of Issuance of REIT Shares. In connection with any issuance of New Securities or Company Debt Securities as described in Section 4.2, if the proceeds actually received by the Company are less than the gross proceeds of such issuance as a result of any underwriter’s discount or other expenses paid or incurred in connection with such issuance, then the Company shall be deemed to have made a Capital Contribution to the Partnership (directly or through wholly-owned Subsidiaries) in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter’s discount and other expenses paid by the Company (which discount and expense shall be treated as an expense for the benefit of the Partnership for purposes of Section 7.4). In the case of employee acquisitions of New Securities at a discount from fair market value or for no value in connection with a grant of New Securities, the amount of such discount representing compensation to the employee, as determined by the General Partner, shall be treated as an expense of the issuance of such New Securities.
Contribution of Proceeds of Issuance of REIT Shares. In connection with the initial public offering of REIT Shares by the Company and any other issuance of REIT Shares or New Securities pursuant to Section 4.2, the Company shall contribute to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance; provided that if the proceeds actually received by the Company are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then the Company shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter's discount and other expenses paid by the Company (which discount and expense shall be treated as an expense for the benefit of the Partnership for purposes of Section 7.4). In the case of employee purchases of New Securities at a discount from fair market value, the amount of such discount representing compensation to the employee, as determined by the General Partner, shall be treated as an expense of the issuance of such New Securities.
Contribution of Proceeds of Issuance of REIT Shares. In connection with the issuance of REIT Shares pursuant to Section 4.2, PPI shall transfer to one or both of the Post Partners any proceeds raised in connection with such issuance, by loan or capital contribution, and the applicable Post Partners, in turn, shall contribute the amount so transferred to them to the Partnership, provided that if the proceeds actually received by PPI are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then PPI shall be deemed to have transferred to the applicable Post Partners, by loan or capital contribution, and the applicable Post Partners shall be deemed in turn to have made Capital Contributions to the Partnership, in the amount of the gross proceeds of such issuance and the Partnership shall be deemed simultaneously to have reimbursed the Post Partners pursuant to Section 7.4.C, and the Post Partners in turn shall be deemed to have reimbursed PPI, for the amount of such underwriter's discount or other expenses paid by PPI.
Contribution of Proceeds of Issuance of REIT Shares. In connection with the issuance of New Securities pursuant to Section 4.2, the Company shall contribute to the General Partner [and/or the Initial Limited Partner], which shall contribute to the Partnership, any proceeds (or a portion thereof) raised in connection with such issuance; provided that if the proceeds actually received by the Company are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then the Company shall be deemed to have made a capital contribution to the General Partner [and/or the Initial Limited Partner], which shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter's discount and other expenses paid by the Company (which discount and expense shall be treated as an expense for the benefit of the Partnership for purposes of Section 7.4). In the case of employee acquisitions of New Securities at a discount from fair market value or for no value in connection with a grant of New Securities, the amount of such discount representing compensation to the employee, as determined by the General Partner, shall be treated as an expense of the issuance of such New Securities.
Contribution of Proceeds of Issuance of REIT Shares. In connection with any issuance of New Securities pursuant to Section 4.2, the Company shall contribute to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance; PROVIDED THAT if the proceeds actually received by the Company are less than the gross proceeds of such issuance as a result of any expenses paid or incurred in connection with such issuance, then the Company shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such other expenses paid by the Company (which expense shall be treated as an expense for the benefit of the Partnership for purposes of Section 7.4); PROVIDED HOWEVER that the cost of the discount to NationsBanc Xxxxxxxxxx Securities LLC as underwriter in connection with the initial offering of REIT Shares by the Company (including any REIT Shares sold pursuant to the overallotment option) shall be borne by the Company, and the Company shall not be deemed to have made a Capital Contribution to the Partnership in an amount equal to costs attributable thereto. In the case of employee acquisitions of New Securities at a discount from fair market value or for no value in connection with a grant of New Securities, the amount of such discount representing compensation to the employee, as determined by the General Partner, shall be treated as an expense of the Partnership of the issuance of such New Securities.
Contribution of Proceeds of Issuance of REIT Shares. In connection with the initial public offering and the Private Placement of REIT Shares by Life Storage, Inc. and any other issuance of REIT Shares or New Securities pursuant to Section 4.2, Life Storage, Inc. has contributed or shall contribute, as applicable, to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance or shall transfer to the General Partner any proceeds (or a portion thereof) raised in connection with such issuance, by loan or contribution, and the General Partner shall contribute the amount so transferred to it to the Partnership, provided that if the proceeds actually received by Life Storage, Inc. or the General Partner are less than the gross proceeds of such issuance as a result of any underwriter’s discount or other expenses paid or incurred in connection with such issuance, then Life Storage, Inc. and the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter’s discount and other expenses paid by Life Storage, Inc. or the General Partner.
Contribution of Proceeds of Issuance of REIT Shares. In connection with any issuance of REIT Shares or New Securities pursuant to Section 4.2, the Company shall contribute to the Partnership any proceeds (or a portion thereof) raised in connection with such issuance; provided that if the proceeds actually received by the Company are less than the gross proceeds of such issuance as a result of any underwriter's discount or other expenses paid or incurred in connection with such issuance, then the Company shall be deemed to have made a Capital Contribution to the Partnership in the amount equal to the sum of the net proceeds of such issuance plus the amount of such underwriter's discount and other expenses paid by the Company.
Contribution of Proceeds of Issuance of REIT Shares. In connection with the initial public offering of REIT Shares by APF, and any other offering of REIT Shares by APF, APF (through the General Partner) shall make a Capital Contribution to the Partnership of the proceeds raised in connection with such grant, award, or issuance in exchange for an amount of additional Partnership Units equal to the number of REIT Shares so granted, awarded or issued divided by the Conversion Factor; provided that if the proceeds actually received by APF are less than the gross proceeds of such grant, award, or issuance as a result of any underwriter's discount, commission, or fee or other expenses paid or incurred in connection with such grant, award, or issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such issuance and the Partnership shall be deemed simultaneously to have reimbursed APF pursuant to Section 7.4.C for the amount of such underwriter's discount or other expenses.
