Examples of Distribution Support Agreement in a sentence
As of February 2017, pursuant to the distribution support commitment, Fundrise, LP had purchased 100,000 shares of the Company's common shares for $1,000,000 under the Distribution Support Agreement, and had thus fulfilled its obligations under the Distribution Support Agreement.
Accordingly, on April 18, 2016, Fundrise, LP purchased 32,977 shares of the Company's common shares for $329,770 under the Distribution Support Agreement to satisfy the AFFO requirement, which reduced Fundrise, LP’s total commitment under the Distribution Support Agreement.
Notwithstanding the foregoing, if RXR or NRF fails to deliver the Deficit Amount as required under and defined in a Distribution Support Agreement entered into between NRF, RXR and the Company, the Company shall pay to NRF or RXR, as the case may be, fees otherwise due to the Sub-Advisor hereunder until such time as NRF or RXR shall have been repaid any outstanding Deficit Amount.
Following the conclusion of the Distribution Support Period (as defined in the Distribution Support Agreement), the Manager may, in its sole discretion, waive its asset management fee, in whole or in part.
In the event that the Company is required to make a capital contribution to the Partnership pursuant to the Distribution Support Agreement, the Members shall contribute such further capital to the Company as shall be necessary to enable the Company to make such capital contribution.