Common use of OP Amount Clause in Contracts

OP Amount. The OP Amount shall be an amount equal to $9,369,100, and shall consist of 153,592 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

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OP Amount. The OP Amount shall be an amount equal to $9,369,1001,606,500, and shall consist of 153,592 26,336 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February of 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

OP Amount. The OP Amount shall be an amount equal to $9,369,1001,090,725, and shall consist of 153,592 17,881 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February of 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

OP Amount. The OP Amount shall be an amount equal to $9,369,10014,119,945, and shall consist of 153,592 231,475 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February of 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

OP Amount. The OP Amount shall be an amount equal to $9,369,1006,095,762, and shall consist of 153,592 99,931 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

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OP Amount. The OP Amount shall be an amount equal to $9,369,1001,090,725, and shall consist of 153,592 17,881 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

OP Amount. The OP Amount shall be an amount equal to $9,369,1005,869,958, and shall consist of 153,592 96,229 OP Units. The number of Units to be issued was calculated based upon the outstanding principal balance of the Existing Mortgage as of February 2015. At Closing, the number of Units will be adjusted to reflect any increase or decrease in the mortgage balance from February of 2015.

Appears in 1 contract

Samples: Contribution Agreement (Sun Communities Inc)

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