General Partner Capital Contribution. The General Partner (or its predecessor in interest) has contributed to the Partnership as its Capital Contribution the cash and property reflected in the Partnership’s books and records as having been contributed by it. The gross fair market value of any property contributed by the General Partner to the Partnership (“Contributed Property”) after the date hereof, other than money, shall be the acquisition cost of such Contributed Property (the “Acquisition Cost”). The Acquisition Cost also shall include any costs and expenses incurred by the General Partner in connection with such acquisition or contribution; provided, however, that in the event the Acquisition Cost of Contributed Property is financed by any borrowings by the REIT Entities or Affiliate Entities, the Partnership shall assume any such obligations concurrently with the contribution of such property to the Partnership or, if impossible, shall obligate itself to the General Partner in an amount and on terms equal to such indebtedness, and the Acquisition Cost shall be reduced appropriately. If the General Partner contributes Contributed Property to the Partnership, the General Partner shall be deemed to have contributed to the Partnership as Contributed Funds pursuant to Section 4.3(a)(ii) hereof an amount equal to the Acquisition Cost of such Contributed Property.
General Partner Capital Contribution. Concurrent with the Completion of the Offering, the General Partner contributed to the Partnership as its initial contribution to the capital of the Partnership an amount equal to the difference between the Gross Offering Proceeds and the Initial Offering Expenses. Subsequent to the Completion of the Offering, as of the date hereof, the General Partner has contributed as additional Capital Contributions (a) an amount equal to the net proceeds from the issuances of shares of Preferred Stock, and (b) the net proceeds from public, underwritten offerings of Common Stock completed subsequent to the Offering.
General Partner Capital Contribution. The General Partner has contributed the amount set forth on Exhibit A attached hereto to the Partnership in exchange for its 1% Partnership Interest in the Partnership.
General Partner Capital Contribution. (a) The General Partner has made contributions to the Partnership and has the Common Units, Preferred Units, Convertible Preferred Units and Series C Preferred Units (if any) as set forth on EXHIBIT A.
General Partner Capital Contribution. Concurrently herewith, the General Partner shall contribute to the Partnership (the "General Partner Capital Contribution") as its initial contribution to the capital the amount of Nine-Million-Eight Hundred-Ninety-Thousand dollars ($9,890,000) by deposit of its check in a Partnership bank account.
General Partner Capital Contribution. Prior to the date hereof, the General Partner has made certain Capital Contributions to the Partnership as described in the books and records of the Partnership as of the date hereof.
General Partner Capital Contribution. The General Partner has the right at any time prior to the Final Closing Date to make Capital Contributions as a Limited Partner or General Partner. Except as provided in the Delaware Act, the General Partner is not required or obligated to make any additional contributions to the capital of the Partnership.
General Partner Capital Contribution. (a) Concurrently with the execution and delivery of the Prior Agreement, and effective at the date of the Completion of the Offering, Weeks contributed to the Partnership, as its initial contribution to the capital of the Partnership, (i) the amount set forth on Exhibit A, by deposit of immediately available funds in a --------- Partnership bank account, and (ii) the assets described on Exhibit A, --------- subject to the liabilities described on Exhibit A. The number of --------- Partnership Units and the Percentage Interest of the General Partner with respect to such Capital Contribution were as set forth on Exhibit A. --------- Effective as of the date hereof, the Partners agree that the General Partner will hold a 1% Partnership Interest as a general partner of the Partnership, and that the remainder of Weeks' Partnership Units will be held by Weeks as a Limited Partner. Weeks is hereby admitted to the Partnership as a Limited Partner with respect to the Partnership Interest represented by the Partnership Units so held by it as a Limited Partner. Effective as of the date hereof and immediately after the effectiveness of the matters referred to in the immediately preceding sentence, Weeks does hereby transfer and assign to the General Partner the entire Partnership Interest held by Weeks as a general partner of the Partnership, and does hereby transfer and assign to Weeks LP Holdings the entire Partnership Interest held by Weeks as a Limited Partner. Weeks LP Holdings hereby assumes all of the obligations of Weeks as a Limited Partner under this Agreement and agrees to be bound by all of the terms and conditions hereof. Effective upon such transfer, Weeks is hereby relieved of its obligations as a Limited Partner. The General Partner hereby assumes all of the obligations of Weeks as the general partner of the Partnership and agrees to be bound by all of the terms and conditions hereof. Weeks is not relieved of any obligation accruing to it as the general partner of the Partnership prior to the date hereof. The Partners hereby consent to such transfers, to the withdrawal of Weeks as the general partner of the Partnership, to the admission of the General Partner as the sole general partner of the Partnership, and to the admission of Weeks LP Holdings as a Limited Partner. The Partners agree that the withdrawal of Weeks as the general partner of the Partnership shall not dissolve the Partnership. The gross fair market value of any property other than money...
General Partner Capital Contribution. A. Prior to the date hereof, the General Partner has made certain Capital Contributions to the Partnership as described in the books and records of the Partnership as of the date hereof. B. The gross fair market value of any property contributed by the General Partner to the Partnership ("Contributed Property"), other than money, shall, except as otherwise expressly provided herein, be the Acquisition Cost of such Contributed Property. For purposes hereof, the "Acquisition Cost" of Contributed Property shall be, (i) in the case of Contributed Property acquired by the General Partner or the Company in exchange for shares of Common Stock, the Current Per Share Market Price as of the closing date on which the General Partner or the Company, as applicable, acquired such Contributed Property multiplied by the number of shares of Common Stock issued in the acquisition or (ii) in the case of Contributed Property acquired by the General Partner or the Company for consideration other than Common Stock, the amount of such consideration plus, in either case, any costs and expenses incurred by the General Partner or the Company, as applicable, (and unreimbursed by the Partnership) in connection with such acquisition or contribution; provided, however, that (A) in the event the General Partner or the Company acquires the Contributed Property in exchange for shares of Common Stock or with proceeds from a public offering of the Company's securities, the Partnership shall assume and pay (or reflect on its books as additional consideration for such Contributed Properties) the expenses, including any applicable underwriting discounts, incurred by the Company in connection with the issuance of such shares or securities, and (B) in the event the Acquisition Cost of Contributed Property is financed by any borrowings by the General Partner or the Company, or is otherwise encumbered by Liens relating to obligations of the General Partner or the Company, the Partnership shall, in either case, assume any such obligations of the General Partner or the Company concurrently with the contribution of such property to the Partnership or, if impossible, shall obligate itself to the General Partner or the Company, as applicable, in an amount and on terms equal to such indebtedness or obligation, and the Acquisition Cost shall be reduced by the amount of such obligations assumed or obligations incurred by the Partnership.
General Partner Capital Contribution. As General Partner, NetREIT shall contribute the sum of Five Thousand Dollars ($5,000) in cash to the Partnership for which it will receive one-tenth of a B Unit.
