Contributor’s Default. If the Closing fails to occur due to the default of Contributor, REIT shall be entitled to recover from the Contributor any out-of-pocket expenses reasonably incurred by REIT specifically incurred in connection with this Agreement.
Appears in 4 contracts
Sources: Contribution Agreement (Bluerock Residential Growth REIT, Inc.), Contribution Agreement (Bluerock Residential Growth REIT, Inc.), Contribution Agreement (Bluerock Residential Growth REIT, Inc.)
Contributor’s Default. If the Closing fails to occur due to the default of a Contributor, REIT shall be entitled to recover from the applicable defaulting Contributor any out-of-pocket expenses reasonably incurred by REIT specifically incurred in connection with this Agreement.
Appears in 4 contracts
Sources: Contribution Agreement (Bluerock Residential Growth REIT, Inc.), Contribution Agreement (Bluerock Residential Growth REIT, Inc.), Contribution Agreement (Bluerock Residential Growth REIT, Inc.)