Satisfaction of Commitment. At each closing during the Offering Period, the OP agrees to issue to the Company, and the Company agrees to purchase from the OP, one associate general partner interest of the OP for each $1,000,000 in Offering Proceeds received by the REIT at such closing, at a price per unit of $100,000.
Appears in 2 contracts
Samples: And Restated Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Form of Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)
Satisfaction of Commitment. At each closing during the Offering Period, the OP agrees to issue to the Company, and the Company agrees to purchase from the OP, one associate special general partner interest of the OP for each $1,000,000 in Offering Proceeds received by the REIT at such closing, at a price per unit of $100,000.
Appears in 2 contracts
Samples: Form of Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)