Common use of S/C Orlando Interest Clause in Contracts

S/C Orlando Interest. On the date of this Agreement, S/C Orlando shall own, in the aggregate, a one-half of one percent (.5%) Partnership Interest (subject to adjustment pursuant to Section 6.4 hereof). S/C Orlando shall initially contribute One Hundred Twelve Thousand Five Hundred Dollars ($112,500.00) to the capital of the Partnership; such capital contribution has been fully funded.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Chelsea Gca Realty Inc), Limited Partnership Agreement (Chelsea Gca Realty Partnership Lp)