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Common use of Distribution of Consideration Clause in Contracts

Distribution of Consideration. Contributor hereby covenants that until the second anniversary of the Closing Date, Contributor will not transfer or distribute to any other Person any of the OP Units Contributor receives as Consideration.

Appears in 4 contracts

Sources: Contribution Agreement (Priam Properties Inc.), Contribution Agreement (Priam Properties Inc.), Contribution Agreement (Priam Properties Inc.)

Related Clauses

  • Allocation of Consideration
  • Reduction of Consideration
  • Determination of Consideration
  • Payment of Consideration
  • Computation of Consideration

Parent Clauses

  • Covenants
  • Covenants of Contributor
  • Allocation and Distribution of Consideration
  • Covenants and Other Agreements
  • General Provisions

Sub-Clauses

  • Delivery of New Senior Secured Notes and Common Shares
  • Surrender and Cancellation of Affected Instruments
  • Delivery of Accrued Interest
  • Delivery of Certificates
  • Distribution of Transmittal Letter
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