Common use of Initial Cash Contribution Clause in Contracts

Initial Cash Contribution. BR CDP, Duke and Commander have made (or are concurrently with the execution of this Agreement making) an initial cash contribution to acquire the Property ("Initial Cash Contribution"), as shown on Exhibit “B”. All cash contributions occurring through the date of the execution (as contrasted with the effective date) of this Agreement shall constitute part of the Initial Cash Contribution (even if made subsequent to the acquisition of the Property and even if made in multiple tranches). BR CDP, as manager, notified Duke and Commander in writing of the timing for the Initial Cash Contribution to be delivered setting forth: (i) the total amount required; and (ii) each Co-Tenant’s Pro Rata Share thereof. Each Co-Tenant delivered (or is concurrently with the execution of this Agreement delivering) said Co-Tenant’s Pro Rata Share as set forth in BR CDP’s written notice within one (1) day from the date of said notice. The Co-Tenants agree that all pre-development costs, ▇▇▇▇▇▇▇ money deposits, due diligence costs, professional fees and other pursuit costs previously incurred by BR CDP shall be trued up by Duke and Commander contributing their Pro Rata Share thereof.