Dulles Property Clause Samples

Dulles Property. Concurrently with the Closing of the R&B Property, ASOT shall deposit in escrow with the Title Company a number of Units equal to $1,894,550 divided by the Common Share Value (the “Dulles Additional Escrowed Units”). ASOT shall, for all purposes, treat the Dulles Additional Escrowed Units as outstanding and owned by the R&B Partners during the period the Dulles Additional Escrowed Units are held by the Title Company, and all distributions made by ASOT with respect to the Dulles Additional Escrowed Units during the period the Dulles Additional Escrowed Units are held by the Title Company shall be distributed to the Title Company and held for the benefit of the R&B Partners. In the event that the Closing of the acquisition of Dulles fails to occur other than as a result of a breach by ASOT or ASN under the Master Agreement, the Dulles Additional Escrowed Units shall be returned to ASOT together with any distributions paid thereon. In the event that Dulles is acquired by ASOT, the Dulles Additional Escrowed Units shall be released to the R&B Partners together with any distributions paid thereon concurrently with the closing of such acquisition.