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).

Appears in 5 contracts

Samples: Omnibus Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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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).

Appears in 2 contracts

Samples: Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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 or that the IPO Closing will not occur on or prior to the Termination Date (the date of such determination being referred to as the "Cessation DateCESSATION DATE"), the Operating Partnership will so advise each Contributor the Seller in --------------- writing and thereupon all parties each party hereto will be relieved of all obligations under this Contribution AgreementContract, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 hereof).

Appears in 1 contract

Samples: Sl Green Realty Corp

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).

Appears in 1 contract

Samples: Omnibus Contribution Agreement (Loeb Realty Corp)

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 DateCESSATION 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).

Appears in 1 contract

Samples: Omnibus Contribution Agreement (Sl Green Realty Corp)

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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 DateCESSATION DATE"), the Operating Partnership will so advise each Contributor the Seller in --------------- writing and thereupon all parties each party hereto will be relieved of all obligations under this Contribution AgreementContract, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 hereof).

Appears in 1 contract

Samples: Sl Green Realty Corp

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 Omnibus Contribution Agreement, all Ancillary Agreements, and all Closing Documents (except for obligations arising under Sections 1.7, 2.5 and 3.2 hereof).

Appears in 1 contract

Samples: Contribution Agreement (Macklowe Properties Inc)

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