Common use of Contribution Value Clause in Contracts

Contribution Value. The contribution value of the Entity Interests (the “Contribution Value”) shall equal Two Hundred Seventy Six Million One Thousand Seven Hundred Sixty Six Dollars ($276,001,766.00), subject to adjustment as hereinafter provided. Transferee and Transferor hereby acknowledge and agree that prior to the Closing, they shall mutually agree upon (a) the allocation of the Contribution Value among the Entity Interests attributable to the Property Owning Entity that owns each Project and (b) the allocation of the Contribution Value for each Project’s Entity Interests among (i) the Land Parcel for such Project, (ii) the Personal Property for such Project, (iii) the Intangible Property for such Project, and (iv) collectively, the Improvements and the balance of the Real Property other than the Land Parcel for such Project. The Contribution Value shall be payable as follows:

Appears in 1 contract

Sources: Acquisition and Contribution Agreement (Colonial Realty Limited Partnership)

Contribution Value. The contribution value of the Entity Interests (the “Contribution Value”) shall equal Eighty Five Million Nine Hundred Ninety Eight Thousand Two Hundred Seventy Six Million One Thousand Seven Hundred Sixty Six Thirty Four Dollars ($276,001,766.0085,998,234.00), subject to adjustment as hereinafter provided. Transferee and Transferor hereby acknowledge and agree that prior to the Closing, they shall mutually agree upon (a) the allocation of the Contribution Value among the Entity Interests attributable to the Property Owning Entity that owns each Project and (b) the allocation of the Contribution Value for each Project’s Entity Interests among (i) the Land Parcel for such Project, (ii) the Personal Property for such Project, (iii) the Intangible Property for such Project, and (iv) collectively, the Improvements and the balance of the Real Property other than the Land Parcel for such Project. The Contribution Value shall be payable as follows:

Appears in 1 contract

Sources: Acquisition and Contribution Agreement (Colonial Realty Limited Partnership)