Consideration for the Formation Transaction. Upon the Closing, the Contributor, in exchange for the Contributor Interests, shall receive from the Operating Partnership $1,780,000 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transaction. Upon the Closing, the Contributor, in exchange for the Contributor Interests, shall receive from the Operating Partnership $1,780,000 862,350 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transaction. Upon the Closing, the Contributor, in exchange for the Contributor Interests, shall receive from the Operating Partnership $1,780,000 1,388,500 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
Consideration for the Formation Transaction. Upon the Closing, the Contributor, in exchange for the Contributor Interests, shall receive from the Operating Partnership $1,780,000 166,966 of the net proceeds of the IPO in cash or other immediately available funds (the “Exchange Consideration”).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
