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 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.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Fac Realty Inc), Limited Partnership Agreement (Boddie Noell Properties Inc)

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Contribution of Proceeds of Issuance of REIT Shares. In connection with any the issuance of REIT Shares or New Securities Preferred REIT Shares pursuant to Section 4.2, the General Partner shall contribute to the Partnership any net proceeds (or a portion thereof) raised in connection with such issuanceissuance the Partnership; provided that if the net 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.

Appears in 1 contract

Samples: Limited Partnership Agreement (Colonial Realty Limited Partnership)

Contribution of Proceeds of Issuance of REIT Shares. In connection with any the issuance of REIT Shares or New Securities Preferred REIT Shares pursuant to Section 4.2, the General Partner shall contribute to the Partnership any net proceeds (or a portion thereof) raised in connection with such issuanceissuance to the Partnership; provided that if the net proceeds actually received by the General Partner are less than the gross proceeds of such issuance as a result of any underwriter's ’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 ’s discount and other expenses paid by the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Mid-America Apartments, L.P.)

Contribution of Proceeds of Issuance of REIT Shares. In connection with the initial public offering of REIT Shares by the General Partner and any other 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 ’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 ’s discount and other expenses paid by the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Highwoods Properties Inc)

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Contribution of Proceeds of Issuance of REIT Shares. In connection with any the issuance of REIT Shares or New Securities Preferred REIT Shares pursuant to Section 4.2, the General Partner shall contribute to the Partnership any net proceeds (or a portion thereof) raised in connection with such issuanceissuance the Partnership; provided that if the net proceeds actually received by the General Partner are less than the gross proceeds of such issuance as a result of any underwriter's ’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 ’s discount and other expenses paid by the General Partner.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Colonial Properties Trust)

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