0001144204-11-017742 Sample Contracts

FOURTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE
Contract of Purchase and Sale • March 29th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts

THIS FOURTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE (this “Fourth Amendment’) is made and entered into as of the 25th day of March, 2011 by and between PREFERRED APARTMENT COMMUNITIES OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, as assignee of Preferred Apartment Communities, Inc., a Maryland corporation (“Purchaser”), and OXFORD RISE PARTNERS LLC, a Georgia limited liability company (“Oxford”), and WILLIAMS OPPORTUNITY FUND, LLC, a Georgia limited liability company (“Williams”; Oxford and Williams are hereinafter referred to individually as a “Seller” and collectively as “Sellers”).

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FIFTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE
Contract of Purchase and Sale • March 29th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts

THIS FIFTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE (this “Third Amendment’) is made and entered into as of the 25th day of March, 2010 by and between PREFERRED APARTMENT COMMUNITIES OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, as assignee of Preferred Apartment Communities, Inc., a Maryland corporation (“Purchaser”), and OXFORD RISE PARTNERS LLC, a Georgia limited liability company (“Oxford”), and WILLIAMS OPPORTUNITY FUND, LLC, a Georgia limited liability company (“Williams”; Oxford and Williams are hereinafter referred to individually as a “Seller” and collectively as “Sellers”).

FOURTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE
Contract of Purchase and Sale • March 29th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts

THIS FOURTH AMENDMENT TO CONTRACT OF PURCHASE AND SALE (this “Fourth Amendment’) is made and entered into as of the 25th day of March, 2011 by and between PREFERRED APARTMENT COMMUNITIES OPERATING PARTNERSHIP, L.P., a Delaware limited partnership, as assignee of Preferred Apartment Communities, Inc., a Maryland corporation (“Purchaser”), and OXFORD SUMMIT DEVELOPMENT, LLC, a Georgia limited liability company (“Oxford”), and WILLIAMS REALTY FUND I, LLC, a Georgia limited liability company (“Williams”; Oxford and Williams are hereinafter referred to individually as a “Seller” and collectively as “Sellers”).

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