Common use of Actions Regarding Membership Interest Clause in Contracts

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue as of the Closing Date.

Appears in 3 contracts

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

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Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's ’s control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ’s ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ’s ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue as of the Closing Date.

Appears in 3 contracts

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue as of the Closing Date.

Appears in 2 contracts

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue in any material respects as of the Closing Date.

Appears in 2 contracts

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.), Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's ’s control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ’s ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ’s ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue in any material respects as of the Closing Date.

Appears in 1 contract

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

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Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) would cause any of the representations and warranties contained in Section 2.2 to be untrue as of the Closing Date.

Appears in 1 contract

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action reasonably within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue as of the Closing Date.

Appears in 1 contract

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

Actions Regarding Membership Interest. Except as otherwise permitted hereby, from the date hereof until the Closing Date, Seller shall use reasonable commercial efforts not to take any action or fail to take any action within Seller's control the result of which would (1) have a material adverse effect on its membership interest in the Liquidating LLC, the Membership Interest, the Property, Seller's ability to sell, transfer, assign and convey the Membership Interest to Purchaser or Purchaser's ability to continue the ownership thereof after the Closing Date or (2) cause any of the representations and warranties contained in Section 2.2 to be untrue in any material respects as of the Closing Date.

Appears in 1 contract

Samples: Membership Interest Sale Agreement (Columbia Equity Trust, Inc.)

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