Post-Closing Conveyance. At Closing, the Transferred Outparcels will be conveyed to the LLC Subsidiaries pursuant to this Agreement solely because, as of the date of this Agreement, the Transferred Outparcels have not been subdivided. After Closing, at the election of DDR, TRT and DDR shall cause the Joint Venture to cause the LLC Subsidiaries to convey the Transferred Outparcels to the Contributors, or one or more of their designees, subject to and in accordance with the following provisions:
Appears in 2 contracts
Sources: Contribution and Sale Agreement (Dividend Capital Total Realty Trust Inc.), Contribution and Sale Agreement (Dividend Capital Total Realty Trust Inc.)