Common use of Contribution Funding Clause in Contracts

Contribution Funding. The sum of Forty-Eight Million Seven Hundred Eighty-Seven Thousand Three Hundred and Fifty-Two and 00/100 Dollars ($48,787,352.00) which the Company is to pay or distribute to or on behalf of Red Lion pursuant to Section 3.02.

Contribution Funding. The Contemporaneously with the Contributor’s contribution of the Property to the Company, the Company shall pay or cause to be paid on behalf of Red Lion the sum of Forty-Eight Thirty Million Six Hundred Forty Thousand Seven Hundred Eighty-Seven Thousand Three Hundred and Fifty-Two Nineteen and 00/100 Dollars ($48,787,352.0030,640,719.00) which to secure the Company is release of the ▇▇▇▇▇ Fargo mortgages on the Property and (b) distributed to pay or distribute to or on behalf of Red Lion pursuant to Section 3.02the sum of Eighteen Million One Hundred Forty-Six Thousand Six Hundred and Thirty-Four 00/100 Dollars ($18,146,634).