Common use of Consideration for Participating Entity Interests or Properties Clause in Contracts

Consideration for Participating Entity Interests or Properties. Subject to Section 1.3, the Operating Partnership shall, in exchange for each Participating Entity Interest or Property, as applicable, transfer to Contributor the amount of cash (the "Cash Amount") and/or the number of OP Units, in each case as indicated on Exhibit A as Contributor's "Participating Entity Consideration" relating to each Participating Entity Interest or Property contributed hereunder (the aggregate of all such amounts being the "Total Contributor Consideration"). The transfer of the OP Units to Contributor shall be evidenced by either an amendment (each, an "Amendment") to the OP Partnership Agreement or by certificates relating to such OP Units (each, a "Certificate"), in either case, as determined by the Operating Partnership, in such form as shall be reasonably acceptable to Contributor. The parties shall take such additional actions and execute such additional documentation as may be required by the applicable Participating Entity Agreements and the OP Partnership Agreement in order to effect the transactions contemplated hereby.