Preferred Contribution; Preferred Return. (a) Simultaneously with the sale of Series C Preferred Shares under the SPA, the Trust shall contribute an amount equal to the gross proceeds of such sale (the "Preferred Contribution") to the Partnership in consideration of the issuance of the Series C Preferred Interest.
Appears in 2 contracts
Samples: Glimcher Realty Trust, Glimcher Realty Trust
Preferred Contribution; Preferred Return. (a) Simultaneously with the each sale of Series C Preferred Shares of any series under the SPA, the Trust shall contribute an amount equal to the gross proceeds of such sale (the "Preferred Contribution") to the Partnership in consideration of the issuance of the Series C related Preferred Interest.
Appears in 2 contracts
Samples: Glimcher Realty Trust, Glimcher Realty Trust