Common use of ACCEPTANCE OF CONTRIBUTIONS Clause in Contracts

ACCEPTANCE OF CONTRIBUTIONS. Subject to satisfaction of the conditions listed or referred to in Section 7, Operating Partnership hereby agrees that at the Closing it shall accept or, at its election, cause a Designated Subsidiary to accept all or part of, the Contributions and shall assume any and all rights, obligations and responsibilities of Contributors as owners of the Contributed Interests that arise subsequent to the Closing Date.

Appears in 5 contracts

Samples: Agreement (Vornado Realty Trust), Vornado Realty Trust, Vornado Realty Trust

AutoNDA by SimpleDocs

ACCEPTANCE OF CONTRIBUTIONS. Subject to the satisfaction of the conditions listed or referred to in Section 7, Operating 7,Operating Partnership hereby agrees that at the Closing it shall accept or, at its election, cause a Designated Subsidiary to accept all or part of, the Contributions and shall assume any and all rights, obligations and responsibilities of Contributors as owners of the Contributed Interests that arise subsequent to from and after the Closing Date.

Appears in 1 contract

Samples: Vornado Realty Trust

AutoNDA by SimpleDocs

ACCEPTANCE OF CONTRIBUTIONS. Subject to the satisfaction of the conditions listed or referred to in Section 7, Operating Partnership hereby agrees that at the Closing it shall accept or, at its election, cause a Designated Subsidiary to accept all or part of, the Contributions and shall assume any and all rights, obligations and responsibilities of Contributors as owners of the Contributed Interests that arise subsequent to the Closing Date.

Appears in 1 contract

Samples: Agreement (Vornado Realty Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.