Common use of Sale by Management Sub Clause in Contracts

Sale by Management Sub. Management Sub will transfer the Basis Assets to SHP in exchange for a payment of $3.0 million in cash (less cash retained by Management Sub) and Management Sub shall deliver to SHP an executed xxxx of sale in form and substance reasonably satisfactory to SHP and Management to evidence such transfer of the Basis Assets.

Appears in 2 contracts

Samples: Contribution and Sale Agreement (Alter Robert A), Contribution and Sale Agreement (Westbrook Real Estate Partners LLC)

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Sale by Management Sub. Management Sub will transfer the Basis Assets to SHP in exchange for a payment of $3.0 million in cash (less cash retained by Management Sub) and ). Management Sub shall deliver to SHP at Closing an executed xxxx of bill xx sale in form and substance reasonably satisfactory to SHP and Management to evidence such transfer of the Basis Assets.;

Appears in 2 contracts

Samples: Contribution and Sale Agreement (Westbrook Real Estate Partners LLC), Contribution and Sale Agreement (Alter Robert A)

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