Capital Contribution Obligations. (a) The Committed Party hereby irrevocably and unconditionally agrees to contribute capital to SPGLP (the “Committed Contribution”) in an amount, up to a maximum amount set forth opposite its name on Exhibit A hereto (the “Maximum Amount”), equal to the Committed Party’s Proportionate Share of any Loan Recovery Shortfall Amount (such amount, with respect to the Committed Party, being adjusted as provided herein and, as so adjusted, being referred to herein as its “Capital Contribution Obligation”) at the time and manner as required hereunder.
Appears in 4 contracts
Samples: Tax Matters Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Capital Contribution Commitment Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Capital Contribution Commitment Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
