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