Effect of Contribution. On the Closing Date, upon the satisfaction of the condition precedent set forth in Section 4.01 below, in exchange for its Capital Contribution (i) IFG will receive each Contributing Partner's respective Percentage Interest and (ii) the Capital Account (as defined in the Partnership Agreement) of IFG will be credited with the amount set forth opposite its name on Exhibit A to the Partnership Agreement.
Appears in 11 contracts
Samples: Limited Partnership Unit Contribution Agreement (Insignia Financial Group Inc), Assignment and Assumption Agreement (Insignia Financial Group Inc), Contribution Agreement (Insignia Financial Group Inc)
