Common use of Contribution of Proceeds of Issuance of REIT Shares Clause in Contracts

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 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. Section 4.4.