Common use of Distribution of Units Clause in Contracts

Distribution of Units. At the Closing, the Operating Partnership shall issue the Units to each Contributor (as determined pursuant to Section 1.2(a) above). The name of each Contributor and the number of Units issued to such Contributor at the Closing shall be recorded in the books and records of the Operating Partnership.

Appears in 2 contracts

Samples: Contribution Agreement (Gc Net Lease Reit, Inc.), Contribution Agreement (Gc Net Lease Reit, Inc.)

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Distribution of Units. At the Closing, the Operating Partnership shall issue the Units to each Contributor Unit Recipient (as determined pursuant to Section 1.2(a) above). The name of each Contributor Unit Recipient and the number of Units issued to such Contributor Unit Recipient at the Closing shall be recorded in the books and records of the Operating Partnership.

Appears in 2 contracts

Samples: Contribution Agreement (Gc Net Lease Reit, Inc.), Contribution Agreement (Gc Net Lease Reit, Inc.)

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Distribution of Units. At the Closing, the Operating Partnership shall issue the Units to each the Contributor (as determined pursuant to Section 1.2(a) above). The name of each the Contributor and the number of Units issued to such Contributor at the Closing shall be recorded in the books and records of the Operating Partnership.

Appears in 1 contract

Samples: Contribution Agreement (Gc Net Lease Reit, Inc.)

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