Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; provided, however, that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 days to the extent required for the Company to cause additional REIT Shares to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
Appears in 33 contracts
Samples: Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Exchange Rights Agreement (Independence Realty Trust, Inc), Exchange Rights Agreement (Empire American Realty Trust Inc)
Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; provided, however, that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 days to the extent required for the Company to cause additional REIT Shares Stock to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
Appears in 10 contracts
Samples: Exchange Rights Agreement (Independence Realty Trust, Inc.), Exchange Rights Agreement (Independence Realty Trust, Inc), Exchange Rights Agreement (Independence Realty Trust, Inc)
Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; provided, howeverhowever , that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 days to the extent required for the Company to cause additional REIT Shares to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
Appears in 3 contracts
Samples: Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc), Exchange Rights Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)
Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; provided, however, that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 90 days to the extent required for the Company to cause additional REIT Shares Stock to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
Appears in 1 contract
Samples: Exchange Rights Agreement (Independence Realty Trust, Inc)
Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; providedPROVIDED, howeverHOWEVER, that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 days to the extent required for the Company to cause additional REIT Shares to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
Appears in 1 contract
Samples: Exchange Rights Agreement (American Spectrum Realty Inc)
Payment Date. Any Cash Amount to be paid to an Exchanging Partner shall be paid on the Specified Exchange Date; provided, however, that the Operating Partnership may elect to cause the Specified Exchange Date to be delayed for up to an additional 180 105 days to the extent required for the Company to cause additional REIT Shares to be issued to provide financing to be used to make such payment of the Cash Amount by the Operating Partnership.
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