Common use of Cessation of IPO Clause in Contracts

Cessation of IPO. If at any time the Operating Partnership or the ---------------- underwriter or underwriters determine in good faith to abandon the formation of the REIT or the IPO (the date of such determination being referred to as the "Cessation Date"), the Operating Partnership will so advise each Contributor in --------------- writing and thereupon all parties hereto will be relieved of all obligations under this Contribution Agreement, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 hereof).

Cessation of IPO. If at any time the Operating Partnership or the ---------------- underwriter or underwriters ---------------- determine in good faith to abandon the formation of the REIT or the IPO (the date of such determination being referred to as the "Cessation Date"), the Operating Partnership will so advise -------------- each Contributor in --------------- writing and thereupon all parties hereto will be relieved of all obligations under this Contribution Agreement, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 3.3 hereof).

Cessation of IPO. If at any time the Operating Partnership or the ---------------- underwriter or underwriters determine in good faith to abandon the formation of the REIT or the IPO (the date of such determination being referred to as the "Cessation Date"), the Operating Partnership will so advise each Contributor in --------------- writing and thereupon all parties hereto will be relieved of all obligations under this Contribution Agreement, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 hereof).