WPPI Contribution. On the terms and subject to the conditions set forth in this Agreement, at Closing, WPPI shall transfer, assign and contribute to the Company the property and assets set forth in this Section 2.1 (collectively, the “Property”), in exchange for 4.61% interest (as such percentage may increase or decrease based upon the final capitalization of the Company) in the Company as a capital contribution (the “WPPI Contribution”).
Appears in 2 contracts
Sources: Contribution Agreement, Contribution Agreement (Carey Watermark Investors 2 Inc)