Common use of Determination of Number of LP Units Clause in Contracts

Determination of Number of LP Units. For purposes of determining the number of LP Units to be delivered by the Acquiror at the Closing, each LP Unit shall be deemed to have a value equal to Six Dollars ($6.00). The Contributor shall be entitled to receive at the Closing for distribution to the Transferees pursuant to Section 2.7 hereof the number of LP Units calculated by dividing the Consideration by the Unit Price.

Appears in 9 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

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