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Contribution Agreement

 

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Title:

Contribution Agreement

Entities:

American Financial Realty Trust

Date:

2003

Size:

Preview shows 5KB of 126KB total

Price:

$55

ID:

#334620

 

 

► Financing ► Contribution Agreements
► Real Estate

 

 

Start of Preview


                             CONTRIBUTION AGREEMENT


dated as of September 4, 2002

between

THE INDIVIDUALS AND ENTITIES SET FORTH ON SCHEDULE 1

as Contributors,

and

FIRST STATES GROUP, L.P.

a Delaware limited partnership,

as Acquiror

================================================================================

{PAGE}
Table of Contents
-----------------
{TABLE}
{CAPTION}
{S} {C} {C}
Page
----
ARTICLE I
DEFINITIONS; RULES OF CONSTRUCTION ................................................................. 2

1.1 Definitions ................................................................................ 2
1.2 Rules of Construction ...................................................................... 7

ARTICLE II
CONTRIBUTION AND ACQUISITION; PAYMENT OF CONSIDERATION ............................................. 8

2.1 Contribution and Acquisition ............................................................... 8
2.2 Consideration; Net Assets Adjustment ....................................................... 8
2.3 Partnership Agreement ...................................................................... 11
2.4 No Fractional Partnership Units ............................................................ 11

ARTICLE III
CONTRIBUTORS' REPRESENTATIONS, WARRANTIES AND COVENANTS ............................................ 11

3.1 Organization and Power ..................................................................... 11
3.2 Authorization, No Violations and Notices ................................................... 11
3.3 Interests .................................................................................. 12
3.4 Brokerage Commission ....................................................................... 12
3.5 The Contributed Entities ................................................................... 12
3.6 Indebtedness ............................................................................... 13
3.7 Tax Matters with respect to Contributed Entities ........................................... 13
3.8 Contracts and Agreements ................................................................... 14
3.9 No Special Taxes ........................................................................... 14
3.10 Compliance with Existing Laws .............................................................. 14
3.11 Operating Agreements ....................................................................... 15
3.12 Warranties and Guaranties .................................................................. 15
3.13 Insurance .................................................................................. 15
3.14 Condemnation Proceedings; Roadways ......................................................... 15
3.15 Litigation ................................................................................. 16
3.16 Labor Disputes and Agreements .............................................................. 16
3.17 Financial Statements ....................................................................... 16
3.18 Organizational Documents ................................................................... 17
3.19 Operation of Real Property and Improvements ................................................ 17
3.20 Bankruptcy with respect to Contributed Entities ............................................ 17
3.21 Bulk Sale Compliance ....................................................................... 17

 

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