Contribution Price. The contribution price ("Contribution Price") for the Property shall be as follows:
Contribution Price. The total gross fair market value attributable to the Property (excluding the Real Property described on Exhibit A-1 and Exhibit A-2 which are covered by the agreements attached hereto as Exhibit K and Exhibit L) contributed by Contributor to the Partnership for such Property shall be Fifty-Three Million Five Hundred Thousand and No/100 Dollars ($53,500,000.00).
Contribution Price. The contribution price (the "Contribution Price") to be paid by Partnership to Contributors for the Property shall be equal to the product of: (a) Three and 00/100 Dollars ($3.00), multiplied by (b) the number equal to the number of gross square feet of such portion of the Property, minus the number square feet of such portion of the Property consisting of streets and/or roads; provided, however, the number of acres acquired by Partnership at any time shall be not less than two (2) acres and Partnership shall acquire not less than twenty (20) acres on or before the first anniversary of the date hereof, and shall acquire not less than an additional twenty (20) acres on or before each succeeding anniversary of the date hereof through and including the fifth anniversary of the date hereof. The portion of the Property selected by the Partnership for each closing hereunder shall consist of such portion of a parcel or parcels which shall leave any remaining portion of a parcel commercially useful for development. The Property (or portion thereof selected by the Partnership) shall be contributed to the Partnership in exchange for general partner common units equal in value to the amount calculated by dividing the Contribution Price by the average daily closing price for the REIT common stock for the ten trading days immediately prior to the Closing Date for such portion of the Property.
Contribution Price. A. The Contribution Price shall be paid to Contributor as follows: at the Closing, (1) the Contribution Price shall be adjusted to account for the prorations and other closing costs as provided in this Agreement (it being acknowledged and agreed that any closing costs and expenses required to be paid by Contributor pursuant to this Agreement, including, without limitation, the Construction Credit (as hereinafter defined), the Xxxxxx Fee (as hereinafter defined) and those costs imposed on Contributor pursuant to Section 2.3D.1 below, may, at Contributor’s option, be paid by Plymouth and the Contribution Price shall be adjusted accordingly), (2) 440,789 Partnership Units (as defined below) shall be issued to Contributor (it being agreed upon that such Partnership Units have an aggregate value of $8,375,000 and that such number of Partnership Units was calculated by dividing $8,375,000 by $19.00, which is the agreed-upon price of one share of common stock, par value $0.01 per share (“Common Stock”), of Plymouth Industrial REIT, Inc., a Maryland corporation (“Plymouth REIT”)), (3) the amount owed by Contributor to the Lender pursuant to the Loan Documents, including, without limitation, all unpaid principal and accrued but unpaid interest thereon and any pre-payment penalties or brokerage charges, up to but not exceeding the Contribution Price, as adjusted after giving effect to clauses (1) and (2) above, shall be disbursed by the Title Company to the Lender for the account of Contributor by wire transfer of readily available funds to the account designated in writing by the Lender at the Closing, and (4) the balance of the Contribution Price, if any, after giving effect to clauses (1), (2), and (3) above, shall be paid to Contributor in the form of cash. In the event that after the payment of the Contribution Price as aforesaid, the amount owed by Contributor to the Lender pursuant to the Loan Documents has not been fully paid, Contributor shall fully pay to the Lender the entire unpaid balance thereof. For purposes hereof, the term “
Contribution Price. As consideration for the contribution of the Properties, the Operating Partnership shall deliver to the Contributors the number of limited partnership units ("Units") in the Operating Partnership and pay to the Contributors the amount of cash provided in the Exchange Option Agreement.
Contribution Price. As consideration for the contribution of the Properties, Carolina shall deliver to the Contributors the number of limited partnership units ("Units") in Carolina provided in the Exchange Option Agreement.
Contribution Price. Not less than five (5) Business Days before the Closing Date, the Contributors shall deliver written notice (the “Election Notice”) to the Company and the GTCR Investor selecting one of the options of the aggregate number of Class A Units, Class B Units and Class C Units in a “Funding Level” table (as set forth in the row entitled “Total”) set forth on Annex A hereto and, subject to the terms and conditions set forth in this Agreement, at the Closing the Company shall issue to each Contributor a pro rata portion (determined by Emmis and the Company based on the fair market value of the Assets and Liabilities contributed by such Contributor to the Company) of (a) the aggregate number of Class A Units, Class B Units and/or Class C Units listed in the alternative so selected so that collectively the Contributors own all such Units, plus (b) 60,000,000 additional Class B Units. The Units issued to the Contributors pursuant to this Section 1.6 shall be the “Contribution Price”. The Election Notice shall be made once and shall be irrevocable. Upon such issuance of Units, Emmis License Holder shall immediately distribute the Units it receives as its portion of the Contribution Price to Emmis.
Contribution Price. (a) TEM shall contribute to the capital of Buyer an amount (" Contribution Price") which shall be Fifty-Six Million Five Hundred Thousand Dollars ($56,500,000), which amount is equal to one-half (1/2) of the value of the Property.
Contribution Price. On or before the Closing Date, TEM shall have deposited into Escrow, for disbursement as provided herein, the Contribution Price in accordance with Section 1.3 of this Agreement.
Contribution Price
