Common use of Effect of Contributions Clause in Contracts

Effect of Contributions. In exchange for the Capital Contribution: (i) Inland Affiliate and Cordish Affiliate shall execute, seal and deliver to the other the Operating Agreement, (ii) Inland Affiliate will become a member of Holding Company pursuant to the terms of the Operating Agreement, (iii) Inland Affiliate will receive the Percentage Interest set forth beside its name on SCHEDULE A of the Operating Agreement, and (iv) the Capital Account of Inland Affiliate will be credited with such amount set forth beside its name on SCHEDULE A of the Operating Agreement. Such Capital Account shall be adjusted hereafter with respect to any adjustments to the Capital Contribution as set forth in Article I of this Agreement that occur after the Closing.

Effect of Contributions. In exchange for the Capital Contribution: (i) Inland Affiliate, Cordish Affiliate and Cordish CR Affiliate shall execute, seal and deliver to the other the Operating Agreement, (ii) Inland Affiliate will become a member of Holding Company pursuant to the terms of the Operating Agreement, (iii) Inland Affiliate will receive the Percentage Interest set forth beside its name on SCHEDULE A of the Operating Agreement, and (iv) the Capital Account of Inland Affiliate will be credited with such amount set forth beside its name on SCHEDULE A of the Operating Agreement. Such Capital Account shall be adjusted hereafter with respect to any adjustments to the Capital Contribution as set forth in Article I of this Agreement that occur after the Closing.

Effect of Contributions. In exchange for the Capital Contribution: (i) Inland Affiliate and Cordish Affiliate shall execute, seal and deliver to the other the Operating Agreement, (ii) Inland Affiliate will become a member of Holding Company pursuant to the terms of the Operating Agreement, (iii) Inland Affiliate will receive the Percentage Interest set forth beside its name on SCHEDULE A of the Operating Agreement, and (iv) the Capital Account of Inland Affiliate will be credited with such amount set forth beside its name on SCHEDULE A of the Operating Agreement. Such Capital Account shall be adjusted hereafter with respect to any adjustments to the Capital Capita] Contribution as set forth in Article I of this Agreement that occur after the Closing.