Common use of Consideration Amount Clause in Contracts

Consideration Amount. The total consideration (the “Consideration”) for which Contributor agrees to contribute, transfer and assign the Contributed Interests to the Operating Partnership, and for which the Operating Partnership agrees to pay, issue or deliver to Contributor, subject to the terms of this Agreement, at Closing shall be the amount of cash and number of common units of limited partnership interests of the Operating Partnership (“OP Units”) set forth on Exhibit A as “Total Consideration.” The Consideration may be adjusted, upward or downward, by the amount of any adjustments arising from the Prorations (as defined herein). Any decrease in the Consideration as a result of the Prorations will be deducted first from the cash portion of the Consideration, if any, and the balance will be deducted from the OP Units. Any increase in the Consideration as a result of the Prorations will adjust the Consideration payable hereunder in the form of OP Units based on the IPO Price.