Common use of Treatment of Proceeds Clause in Contracts

Treatment of Proceeds. If the proceeds actually received by the General Partner in connection with an issuance of Securities by the General Partner are less than the gross proceeds of such offering, grant, award or issuance as a result of any underwriter’s discounts, commissions or other fees or expenses paid or incurred in connection with such offering, grant, award or issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such offering, grant, award or issuance and the Partnership shall be deemed simultaneously to have paid pursuant to Section 7.3(c) for the amount of such expenses.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Healthcare Realty Holdings, L.P.), Limited Partnership Agreement (Griffin-American Healthcare REIT II, Inc.), Limited Partnership Agreement (Healthcare Trust of America, Inc.)

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Treatment of Proceeds. If the proceeds actually received by the General Partner in connection with an issuance of Securities by the General Partner are less than the gross proceeds of such offering, grant, award or issuance as a result of any underwriter’s discounts, commissions or other fees or expenses paid or incurred in connection with such offering, grant, award or issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such offering, grant, award or issuance issuance, and the Partnership shall be deemed simultaneously to have paid pursuant to Section 7.3(c) 7.3 for the amount of such expenses.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Griffin-American Healthcare REIT IV, Inc.), Agreement of Limited Partnership (Griffin-American Healthcare REIT IV, Inc.), Agreement of Limited Partnership (Griffin-American Healthcare REIT 4, Inc.)

Treatment of Proceeds. If the proceeds actually received by the General Partner in connection with an issuance of Securities by the General Partner are less than the gross proceeds of such offering, grant, award or issuance as a result of any underwriter’s 's discounts, commissions or other fees or expenses paid or incurred in connection with such offering, grant, award or issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such offering, grant, award or issuance and the Partnership shall be deemed simultaneously to have paid pursuant to Section 7.3(c) for the amount of such expenses.

Appears in 5 contracts

Samples: Limited Partnership Agreement (NNN Healthcare/Office REIT, Inc.), Limited Partnership Agreement (NNN Healthcare/Office REIT, Inc.), Limited Partnership Agreement (NNN Healthcare/Office REIT, Inc.)

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Treatment of Proceeds. If the proceeds actually received by the General Partner Company in connection with an issuance of Securities by the General Partner Company are less than the gross proceeds of such offering, grant, award or issuance as a result of any underwriter’s 's discounts, commissions or other fees or expenses paid or incurred in connection with such offering, grant, award or issuance, then the General Partner Company shall be deemed to have made a Capital Contribution to the Partnership in the amount of the gross proceeds of such offering, grant, award or issuance and the Partnership shall be deemed simultaneously to have paid pursuant to Section 7.3(c) for the amount of such expenses.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Shopoff Properties Trust, Inc.), Limited Partnership Agreement (Shopoff Properties Trust, Inc.), Limited Partnership Agreement (Shopoff Properties Trust, Inc.)

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