Contribution Transactions. The Advisor hereby agrees to contribute $750,000.00 in cash (the “Cash Consideration”) to the Operating Partnership in exchange for the consideration set forth in Section 1.2 with such contribution effective on the date of this Agreement immediately prior to the amendment and restatement of the Partnership Agreement on the date hereof (the “Amended Partnership Agreement”).
Appears in 2 contracts
Sources: Contribution and Exchange Agreement (Global Net Lease, Inc.), Contribution and Exchange Agreement (New York REIT, Inc.)
Contribution Transactions. The Advisor hereby agrees to contribute $750,000.00 in cash (the “Cash Consideration”) to the Operating Partnership in exchange for the consideration set forth in Section 1.2 with such contribution effective on the date of this Agreement immediately prior to the amendment and restatement of the Partnership Agreement on the date hereof (the “Amended Partnership Agreement”).
Appears in 1 contract
Sources: Contribution and Exchange Agreement (American Realty Capital Healthcare Trust Inc)