Reliance on Regulation D. The Operating Partnership shall, based on advice of its counsel, be reasonably satisfied that the issuance and the contemplated distribution of Units to such Contributor may be made without registration under the Securities Act in reliance upon Regulation D.
Appears in 3 contracts
Samples: Contribution Agreement (Gc Net Lease Reit, Inc.), Contribution Agreement (Gc Net Lease Reit, Inc.), Contribution Agreement (Gc Net Lease Reit, Inc.)
Reliance on Regulation D. The Operating Partnership shall, based on advice of its counsel, be reasonably satisfied that the issuance and the contemplated distribution of Units to such Contributor Contributor’s respective Unit Recipient may be made without registration under the Securities Act in reliance upon Regulation D.
Appears in 2 contracts
Samples: Contribution Agreement (Gc Net Lease Reit, Inc.), Contribution Agreement (Gc Net Lease Reit, Inc.)
