Common use of Contribution of the Assets Clause in Contracts

Contribution of the Assets. Subject to the terms and conditions of this Agreement, on January 1, 1997 (the "Closing Date"), each Contributing Partner shall assign and deliver to the Partnership as its Capital Contribution (as defined in the Partnership Agreement) all of its right, title and interest in and to the Limited Partner Interests in exchange for the issuance to IFG of the aggregate number of limited partnership units in the Partnership set forth on Exhibit B hereto (collectively, the "Partnership Interests") (the number shown on Exhibit B is subject to adjustment based on those final valuations of the Partnership Interests as shown in that certain Confidential Memorandum by which IPT will offer shares of beneficial interest).