Common use of Post-Closing Agreements of the BRI Partnership Clause in Contracts

Post-Closing Agreements of the BRI Partnership. (a) The BRI Partnership hereby grants the Transferor Partners, in their capacity as a limited partner of the BRI Partnership and so long as the Transferor Partnership has not dissolved, terminated or liquidated, the right to receive the Transferor Partnership Interests as a distribution in kind in satisfaction of the Transferor Partners' distribution rights under Section 8.2 of the BRI Partnership Agreement. If the Transferor Partnership Interests are contributed by the BRI Partnership to a Subsidiary Entity (as defined in the BRI Partnership Agreement), the BRI Partnership shall cause such Subsidiary Entity, to take such actions as may be necessary to effectuate the foregoing right granted by the BRI Partnership to the Transferor Partners.

Appears in 17 contracts

Samples: Contribution Agreement (Berkshire Realty Co Inc /De), Contribution Agreement (Berkshire Realty Co Inc /De), Contribution Agreement (Berkshire Realty Co Inc /De)

AutoNDA by SimpleDocs

Post-Closing Agreements of the BRI Partnership. (a) The BRI Partnership hereby grants the Transferor PartnersMembers, in their capacity as a limited partner of the BRI Partnership and so long as the Transferor Partnership Company has not dissolved, terminated or liquidated, the right to receive the Transferor Partnership Membership Interests as a distribution in kind in satisfaction of the Transferor PartnersMembers' distribution rights under Section 8.2 of the BRI Partnership Agreement. If the Transferor Partnership Membership Interests are contributed by the BRI Partnership to a Subsidiary Entity (as defined in the BRI Partnership Agreement), the BRI Partnership shall cause such Subsidiary Entity, to take such actions as may be necessary to effectuate the foregoing right granted by the BRI Partnership to the Transferor PartnersMembers.

Appears in 4 contracts

Samples: Development Contribution Agreement (Berkshire Realty Co Inc /De), Development Contribution Agreement (Berkshire Realty Co Inc /De), Development Contribution Agreement (Berkshire Realty Co Inc /De)

AutoNDA by SimpleDocs

Post-Closing Agreements of the BRI Partnership. (a) The BRI Partnership hereby grants the Transferor PartnersCorporation, in their its capacity as a limited partner of the BRI Partnership and so long as the Transferor Partnership Corporation has not dissolved, terminated or liquidated, the right to receive the Transferor Partnership Interests Property as a distribution in kind in satisfaction of the Transferor Partners' Corporation's distribution rights under Section 8.2 of the BRI Partnership Agreement. If the Transferor Partnership Interests are Property is contributed by the BRI Partnership to a Subsidiary Entity (as defined in the BRI Partnership Agreement), the BRI Partnership shall cause such Subsidiary Entity, to take such actions as may be necessary to effectuate the foregoing right granted by the BRI Partnership to the Transferor PartnersCorporation.

Appears in 1 contract

Samples: Contribution Agreement (Berkshire Realty Co Inc /De)

Time is Money Join Law Insider Premium to draft better contracts faster.