Common use of Adjusted Consideration Clause in Contracts

Adjusted Consideration. The OP reserves the right not to acquire any Contributing Member Interest, directly or indirectly, if in good faith the OP determines that the ownership of such Contributing Member Interest would be inappropriate for the OP. Each Contributing Member hereby agrees that, in such event, such Contributing Member’s Total Consideration (as hereinafter defined) may be reduced by the amount and type of Consideration allocated to such Contributing Member Interest without any further action or consent by such Contributing Member.

Appears in 2 contracts

Sources: Contribution Agreement (Schottenstein Realty Trust, Inc.), Contribution Agreement (Schottenstein Realty Trust, Inc.)