Common use of Limitations on Indemnification Under Section 3.2(a) Clause in Contracts

Limitations on Indemnification Under Section 3.2(a). (a) No Contributor shall be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Consideration (valuing such OP Units based upon the initial public offering price of the Common Stock) and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No The Contributor shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors Contributor under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Total Consideration of the Contributor (valuing such OP Units based upon the initial public offering price of the Common Stock) ), and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No The Contributor shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors Contributor under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Consideration Units (valuing such based on an assumed value of $10.00 per OP Units based upon the initial public offering price of the Common Stock) Unit), and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No Neither Contributor shall be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Total Consideration (valuing such OP Units based upon the initial public offering price of the Common Stock) and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No The Contributor shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors Contributor under Section 3.2(a) exceeds one percent (1%) of the value of (i) the aggregate OP Unit Total Consideration of the Contributor (valuing such OP Units based upon the initial public offering price of the Common Stock) plus (ii) the Common Stock received by the Contributor in the Special Distribution (valued at the initial public offering price of the Common Stock), and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No The Contributor shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors Contributor under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Total Consideration (valuing such OP Units based upon the initial public offering price of the Common StockStock and such Series A Preferred OP Units at Twenty-Five Dollars ($25.00) per unit) being paid to the Contributor and the Nominees, and then only to the extent of such excess.

Limitations on Indemnification Under Section 3.2(a). (a) No The Contributor shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties from the Contributors Contributor under Section 3.2(a) exceeds one percent (1%) of the value of the aggregate OP Unit Consideration of the Contributor (valuing such OP Units based upon the initial public offering price of the Common Stock) and then only to the extent of such excess).